Telsey Advisory Group Reiterates Market Perform Rating for Under Armour (NYSE:UAA)

Under Armour (NYSE:UAAGet Free Report)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a report issued on Thursday, Marketbeat reports. They presently have a $8.00 price objective on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 17.99% from the stock’s previous close.

UAA has been the subject of a number of other research reports. Evercore ISI reissued an “underperform” rating and issued a $7.00 target price (down previously from $8.00) on shares of Under Armour in a research report on Thursday, March 14th. Citigroup cut their price target on Under Armour from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Wells Fargo & Company lowered their price objective on Under Armour from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. TheStreet upgraded Under Armour from a “d+” rating to a “c-” rating in a research report on Thursday, February 8th. Finally, BNP Paribas reissued a “neutral” rating on shares of Under Armour in a report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Under Armour currently has an average rating of “Hold” and a consensus price target of $7.45.

Get Our Latest Analysis on UAA

Under Armour Stock Performance

NYSE UAA opened at $6.78 on Thursday. Under Armour has a 52-week low of $6.18 and a 52-week high of $9.50. The stock has a market cap of $2.95 billion, a PE ratio of 12.56, a P/E/G ratio of 3.47 and a beta of 1.63. The firm has a 50-day moving average of $6.96 and a 200-day moving average of $7.71. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.38 and a current ratio of 2.46.

Under Armour (NYSE:UAAGet Free Report) last issued its quarterly earnings data on Thursday, May 16th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, sell-side analysts anticipate that Under Armour will post 0.2 EPS for the current year.

Institutional Investors Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently bought and sold shares of UAA. Vanguard Group Inc. grew its stake in shares of Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock worth $134,665,000 after purchasing an additional 173,817 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Under Armour by 29.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock valued at $62,893,000 after buying an additional 1,636,634 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Under Armour by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,411 shares of the company’s stock valued at $36,456,000 after buying an additional 203,666 shares during the period. Janus Henderson Group PLC raised its position in shares of Under Armour by 27.2% during the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after acquiring an additional 831,202 shares during the last quarter. Finally, Glenmede Trust Co. NA acquired a new position in shares of Under Armour in the third quarter worth approximately $10,741,000. Institutional investors own 34.58% of the company’s stock.

About Under Armour

(Get Free Report)

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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