Under Armour Inc. (NYSE:UA) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday. The firm presently has a $42.22 target price on the apparel retailer’s stock. Vetr‘s target price suggests a potential upside of 10.23% from the company’s current price.
Several other research firms have also recently issued reports on UA. B. Riley reiterated a “buy” rating and set a $51.00 target price on shares of Under Armour in a research report on Saturday, July 30th. Deutsche Bank AG reiterated a “buy” rating on shares of Under Armour in a research report on Sunday, July 17th. Morgan Stanley reiterated a “sell” rating on shares of Under Armour in a research report on Saturday, July 9th. Bank of America Corp. set a $54.00 target price on Under Armour and gave the stock a “buy” rating in a research report on Saturday, September 17th. Finally, Canaccord Genuity set a $65.00 target price on Under Armour and gave the stock a “buy” rating in a research report on Saturday, September 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $54.60.
Shares of Under Armour (NYSE:UA) opened at 38.30 on Monday. Under Armour has a 12-month low of $31.61 and a 12-month high of $50.37. The firm has a market cap of $16.75 billion, a PE ratio of 98.71 and a beta of 0.39. The company has a 50 day moving average price of $38.82 and a 200 day moving average price of $39.98.
Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company earned $1 million during the quarter, compared to analyst estimates of $995.14 million. Under Armour had a net margin of 5.24% and a return on equity of 13.79%. The business’s revenue was up 27.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. On average, analysts forecast that Under Armour will post $0.58 earnings per share for the current fiscal year.
In other news, insider Matthew C. Mirchin sold 16,015 shares of Under Armour stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $42.92, for a total transaction of $687,363.80. Following the sale, the insider now owns 29,869 shares of the company’s stock, valued at $1,281,977.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Byron K. Adams, Jr. sold 34,726 shares of Under Armour stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $40.00, for a total value of $1,389,040.00. Following the sale, the director now directly owns 46,293 shares in the company, valued at approximately $1,851,720. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Boothbay Fund Management LLC acquired a new stake in Under Armour during the first quarter worth $204,000. Canada Pension Plan Investment Board boosted its stake in Under Armour by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the apparel retailer’s stock worth $212,000 after buying an additional 1,200 shares during the period. Mariner Wealth Advisors LLC boosted its stake in Under Armour by 8.6% in the first quarter. Mariner Wealth Advisors LLC now owns 3,018 shares of the apparel retailer’s stock worth $256,000 after buying an additional 240 shares during the period. Tredje AP fonden boosted its stake in Under Armour by 710.0% in the second quarter. Tredje AP fonden now owns 4,050 shares of the apparel retailer’s stock worth $163,000 after buying an additional 3,550 shares during the period. Finally, Geduld E E acquired a new stake in Under Armour during the second quarter worth $201,000. 36.57% of the stock is currently owned by institutional investors.
Under Armour Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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