Under Armour’s (UAA) Market Perform Rating Reaffirmed at Cowen and Company
Cowen and Company reiterated their market perform rating on shares of Under Armour, Inc. (NYSE:UAA) in a research report released on Sunday morning. Cowen and Company currently has a $18.00 price target on the stock.
Several other research firms have also weighed in on UAA. Zacks Investment Research upgraded shares of Under Armour from a hold rating to a buy rating and set a $24.00 price target for the company in a research report on Tuesday, July 4th. OTR Global reaffirmed a negative rating on shares of Under Armour in a research report on Tuesday, July 18th. Vetr cut shares of Under Armour from a buy rating to a hold rating and set a $21.99 target price on the stock. in a research note on Monday, June 12th. Credit Suisse Group reiterated an underperform rating and issued a $17.00 target price on shares of Under Armour in a research note on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. reissued an underperform rating on shares of Under Armour in a research report on Friday, July 7th. Thirteen research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have issued a buy rating to the company’s stock. Under Armour currently has a consensus rating of Hold and an average target price of $19.97.
Under Armour (NYSE:UAA) opened at 16.48 on Friday. Under Armour has a 12-month low of $15.92 and a 12-month high of $39.20. The company’s 50 day moving average price is $17.60 and its 200-day moving average price is $19.55. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 33.36 and a beta of -0.02.
Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business’s revenue was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Under Armour will post $0.38 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in UAA. Aviva PLC bought a new stake in shares of Under Armour in the 2nd quarter worth approximately $2,486,000. State of Tennessee Treasury Department bought a new position in Under Armour during the 2nd quarter valued at approximately $4,363,000. Chilton Investment Co. LLC bought a new position in Under Armour during the 2nd quarter valued at approximately $18,697,000. BKS Advisors LLC bought a new position in Under Armour during the 2nd quarter valued at approximately $1,224,000. Finally, Regal Investment Advisors LLC bought a new position in Under Armour during the 2nd quarter valued at approximately $730,000. Hedge funds and other institutional investors own 30.48% of the company’s stock.
About Under Armour
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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