Nomura Boosts Under Armour, Inc. (UAA) Price Target to $13.00
Under Armour, Inc. (NYSE:UAA) had its price objective boosted by Nomura from $9.00 to $13.00 in a research report report published on Friday, MarketBeat Ratings reports. They currently have a reduce rating on the stock.
A number of other research firms also recently commented on UAA. OTR Global reaffirmed a negative rating on shares of Under Armour in a research report on Tuesday, July 18th. Vetr downgraded shares of Under Armour from a strong-buy rating to a hold rating and set a $21.02 target price for the company. in a research report on Monday, July 17th. Deutsche Bank AG downgraded shares of Under Armour from a hold rating to a sell rating and cut their target price for the stock from $20.27 to $17.00 in a research report on Tuesday, July 25th. Needham & Company LLC began coverage on shares of Under Armour in a research report on Tuesday, July 18th. They set a hold rating for the company. Finally, Zacks Investment Research downgraded shares of Under Armour from a buy rating to a hold rating in a research report on Friday, July 14th. Eighteen research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have given a buy rating to the company. Under Armour currently has an average rating of Hold and a consensus target price of $17.04.
Under Armour (UAA) traded up $0.51 during trading hours on Friday, reaching $12.52. 7,865,100 shares of the company’s stock were exchanged, compared to its average volume of 5,596,136. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23. Under Armour has a fifty-two week low of $11.40 and a fifty-two week high of $33.45. The company has a market cap of $5,250.00, a P/E ratio of 30.54, a PEG ratio of 3.71 and a beta of 0.03.
Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. equities analysts predict that Under Armour will post 0.2 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of UAA. Nomura Asset Management Co. Ltd. purchased a new stake in Under Armour during the first quarter valued at approximately $405,000. DnB Asset Management AS purchased a new position in shares of Under Armour in the second quarter worth $405,000. Xact Kapitalforvaltning AB purchased a new position in shares of Under Armour in the second quarter worth $474,000. Fox Run Management L.L.C. purchased a new position in shares of Under Armour in the second quarter worth $553,000. Finally, Capstone Asset Management Co. purchased a new position in shares of Under Armour in the second quarter worth $330,000. 30.35% of the stock is owned by 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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