Under Armour (UAA) Receiving Somewhat Favorable Media Coverage, Study Finds
Headlines about Under Armour (NYSE:UAA) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Under Armour earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.9922922644973 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Why Nike, Inc. Stock Jumped 23% Last Year (finance.yahoo.com)
- Under Armour might be making a fatal mistake in its bid to save itself (UAA) (uk.news.yahoo.com)
- Under Armour launches smart shoes (businessinsider.com)
- Luxury group Kering to spin off Puma to its own shareholders (finance.yahoo.com)
- Top-notch Stocks to Watch: Under Armour, Inc. (UAA), CVS Health Corporation (CVS) – Market Movers (financialqz.com)
UAA has been the topic of several recent research reports. Zacks Investment Research raised shares of Under Armour from a “sell” rating to a “hold” rating in a report on Friday, November 17th. UBS Group raised shares of Under Armour to a “neutral” rating in a report on Tuesday, November 7th. Stifel Nicolaus raised shares of Under Armour from a “hold” rating to a “buy” rating and raised their target price for the stock from $12.00 to $17.00 in a report on Friday, December 15th. Vetr raised shares of Under Armour from a “strong sell” rating to a “sell” rating and set a $13.23 target price on the stock in a report on Friday, December 15th. Finally, Nomura raised their target price on shares of Under Armour from $9.00 to $13.00 and gave the stock a “reduce” rating in a report on Friday, November 10th. Seventeen investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $17.09.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating 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 firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. research analysts expect that Under Armour will post 0.2 earnings per share for the current year.
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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