Equities researchers at Bank of America began coverage on shares of Under Armour (NYSE:UAA – Get Rating) in a research note issued to investors on Tuesday, The Fly reports. The brokerage set a “neutral” rating on the stock.
Other equities research analysts also recently issued reports about the company. Credit Suisse Group reduced their price target on Under Armour from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, August 4th. B. Riley set a $9.00 price target on Under Armour in a report on Tuesday, July 19th. Oppenheimer reduced their price target on Under Armour to $15.00 in a report on Thursday, October 20th. Barclays reduced their price target on Under Armour from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, August 4th. Finally, Telsey Advisory Group reduced their price objective 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. One investment analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.44.
Under Armour Price Performance
Shares of Under Armour stock opened at $7.45 on Tuesday. The stock has a 50 day moving average of $7.84 and a 200 day moving average of $9.58. Under Armour has a 12 month low of $6.38 and a 12 month high of $27.28. The firm has a market cap of $3.39 billion, a PE ratio of 20.69 and a beta of 1.39. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.39.
Under Armour (NYSE:UAA – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Under Armour had a return on equity of 11.61% and a net margin of 2.99%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company earned $0.24 earnings per share. On average, research analysts expect that Under Armour will post 0.47 EPS for the current fiscal year.
Hedge Funds Weigh In On Under Armour
Institutional investors and hedge funds have recently modified their holdings of the business. Washington Trust Advisors Inc. increased its stake in Under Armour by 102.5% during the 1st quarter. Washington Trust Advisors Inc. now owns 1,472 shares of the company’s stock worth $25,000 after buying an additional 745 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake 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 buying an additional 1,285 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Under Armour by 48.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,142 shares of the company’s stock worth $35,000 after buying an additional 1,353 shares in the last quarter. US Bancorp DE increased its stake in Under Armour by 37.4% during the 2nd quarter. US Bancorp DE now owns 5,258 shares of the company’s stock worth $43,000 after buying an additional 1,431 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 34.83% of the company’s stock.
About Under Armour
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.
Further Reading
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