Forward View Reaffirms “Sell” Rating for Under Armour, Inc. (UAA)
Under Armour, Inc. (NYSE:UAA)‘s stock had its “sell” rating restated by equities researchers at Forward View in a research report issued on Saturday.
UAA has been the topic of a number of other reports. Wells Fargo & Company cut their price objective on Under Armour to $11.00 and set an “underperform” rating on the stock in a research note on Tuesday, October 31st. Credit Suisse Group lifted their price target on Under Armour from $12.02 to $12.25 and gave the stock a “neutral” rating in a research report on Tuesday. OTR Global reaffirmed a “negative” rating on shares of Under Armour in a research report on Tuesday, July 18th. Zacks Investment Research downgraded Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Eighteen investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.04.
Under Armour (NYSE UAA) opened at $11.74 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. Under Armour has a one year low of $11.40 and a one year high of $33.45. The firm has a market capitalization of $5,300.66, a P/E ratio of 29.32, a P/E/G ratio of 3.57 and a beta of -0.15.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. The firm’s revenue was down 4.5% compared to the same quarter last year. research analysts predict that Under Armour will post 0.19 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cipher Capital LP acquired a new position in Under Armour during the third quarter valued at approximately $196,000. Bank of New York Mellon Corp boosted its position in Under Armour by 29.5% during the third quarter. Bank of New York Mellon Corp now owns 1,795,182 shares of the company’s stock valued at $29,585,000 after purchasing an additional 408,578 shares during the last quarter. Wellington Shields Capital Management LLC boosted its position in Under Armour by 219.5% during the third quarter. Wellington Shields Capital Management LLC now owns 45,235 shares of the company’s stock valued at $745,000 after purchasing an additional 31,075 shares during the last quarter. Wellington Shields & Co. LLC acquired a new position in Under Armour during the third quarter valued at approximately $989,000. Finally, Toronto Dominion Bank boosted its position in Under Armour by 12.1% during the third quarter. Toronto Dominion Bank now owns 70,145 shares of the company’s stock valued at $1,156,000 after purchasing an additional 7,595 shares during the last quarter. 30.43% of the stock is owned by hedge funds and other institutional investors.
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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