Under Armour, Inc. (UA) Upgraded at ValuEngine
ValuEngine upgraded shares of Under Armour, Inc. (NYSE:UA) from a sell rating to a hold rating in a research note released on Monday.
UA has been the topic of several other reports. Buckingham Research set a $14.00 target price on Under Armour and gave the company a sell rating in a research note on Thursday, August 3rd. Raymond James Financial, Inc. restated an underperform rating on shares of Under Armour in a research note on Friday, July 7th. Vetr upgraded Under Armour from a sell rating to a hold rating and set a $19.90 target price on the stock in a research note on Thursday, June 15th. Forward View set a $17.00 target price on Under Armour and gave the company a hold rating in a research note on Sunday, August 13th. Finally, FBR & Co restated an underperform rating and issued a $14.00 target price on shares of Under Armour in a research note on Wednesday, August 2nd. Nine analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $18.16.
Shares of Under Armour (NYSE UA) opened at 15.03 on Monday. The company has a 50-day moving average price of $15.64 and a 200-day moving average price of $17.80. Under Armour has a 1-year low of $14.80 and a 1-year high of $34.20. The company has a market cap of $6.63 billion, a PE ratio of 30.43 and a beta of 1.16.
Under Armour (NYSE:UA) last issued its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The firm had revenue of $1.09 billion for the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. Equities research analysts expect that Under Armour will post $0.38 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in Under Armour by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after purchasing an additional 220 shares during the last quarter. First Mercantile Trust Co. bought a new position in Under Armour during the 2nd quarter valued at approximately $141,000. Great Lakes Advisors LLC bought a new position in Under Armour during the 2nd quarter valued at approximately $202,000. Cetera Investment Advisers bought a new position in Under Armour during the 2nd quarter valued at approximately $215,000. Finally, Delta Lloyd Asset Management N.V. bought a new position in Under Armour during the 2nd quarter valued at approximately $218,000. Institutional investors own 30.25% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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