Shares of Under Armour, Inc. (NYSE:UAA – Get Rating) have been assigned an average rating of “Hold” from the thirty-two analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $13.16.
UAA has been the subject of a number of analyst reports. Credit Suisse Group decreased their price objective on shares of Under Armour from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, August 4th. B. Riley set a $9.00 price objective on Under Armour in a research note on Tuesday, July 19th. Telsey Advisory Group reduced their target price on Under Armour from $12.00 to $8.00 and set a “market perform” rating on the stock in a report on Friday, October 21st. StockNews.com started coverage on Under Armour in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, BMO Capital Markets cut their price objective on Under Armour from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, August 4th.
Institutional Investors Weigh In On Under Armour
Large investors have recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. grew its stake in Under Armour by 102.5% in the 1st quarter. Washington Trust Advisors Inc. now owns 1,472 shares of the company’s stock valued at $25,000 after buying an additional 745 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Under Armour by 52.4% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,735 shares of the company’s stock worth $31,000 after purchasing an additional 1,285 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Under Armour by 48.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,142 shares of the company’s stock valued at $35,000 after purchasing an additional 1,353 shares during the period. US Bancorp DE grew its holdings in Under Armour by 37.4% in the 2nd quarter. US Bancorp DE now owns 5,258 shares of the company’s stock valued at $43,000 after buying an additional 1,431 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in Under Armour by 34.9% during the 2nd quarter. Captrust Financial Advisors now owns 6,973 shares of the company’s stock worth $58,000 after buying an additional 1,805 shares during the period. Institutional investors own 34.83% of the company’s stock.
Under Armour Price Performance
UAA opened at $7.37 on Wednesday. The company has a fifty day moving average price of $8.01 and a two-hundred day moving average price of $9.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.40 and a current ratio of 2.06. The firm has a market capitalization of $3.36 billion, a PE ratio of 20.47 and a beta of 1.39. Under Armour has a 52 week low of $6.38 and a 52 week high of $27.28.
Under Armour (NYSE:UAA – Get Rating) last released its earnings results on Wednesday, August 3rd. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Under Armour had a return on equity of 11.61% and a net margin of 2.99%. During the same quarter in the prior year, the firm posted $0.24 earnings per share. As a group, analysts anticipate that Under Armour will post 0.48 earnings per share for the current year.
Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.
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