Under Armour, Inc. (NYSE:UA) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday. They currently have a $18.82 target price on the stock. Vetr‘s target price would suggest a potential upside of 11.89% from the company’s previous close.
Several other research analysts have also commented on UA. Credit Suisse Group set a $17.00 price target on Under Armour and gave the stock a “sell” rating in a research report on Wednesday, June 14th. BidaskClub upgraded Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Under Armour in a research note on Monday, June 26th. Canaccord Genuity reaffirmed a “hold” rating and set a $21.00 price target on shares of Under Armour in a research note on Thursday, April 27th. Finally, Wells Fargo & Company set a $19.00 price target on shares of Under Armour and gave the company a “hold” rating in a research note on Thursday, June 8th. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Under Armour presently has a consensus rating of “Hold” and a consensus target price of $18.99.
Under Armour (NYSE:UA) traded down 2.04% during trading on Thursday, reaching $16.82. The company had a trading volume of 3,543,586 shares. Under Armour has a one year low of $16.02 and a one year high of $42.94. The firm has a market capitalization of $7.41 billion, a P/E ratio of 34.05 and a beta of 0.78. The firm’s 50-day moving average price is $18.48 and its 200 day moving average price is $18.89.
Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.04. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. The business had revenue of $1.09 billion for the quarter. Equities analysts forecast that Under Armour will post $0.38 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new position in Under Armour during the first quarter worth approximately $627,000. Bank of The West increased its stake in shares of Under Armour by 4.2% in the first quarter. Bank of The West now owns 84,479 shares of the company’s stock valued at $1,671,000 after buying an additional 3,404 shares during the last quarter. Capital Impact Advisors LLC increased its stake in shares of Under Armour by 58.6% in the first quarter. Capital Impact Advisors LLC now owns 60,501 shares of the company’s stock valued at $1,197,000 after buying an additional 22,364 shares during the last quarter. City Holding Co. increased its stake in shares of Under Armour by 50.5% in the first quarter. City Holding Co. now owns 26,045 shares of the company’s stock valued at $515,000 after buying an additional 8,740 shares during the last quarter. Finally, Cardinal Capital Management increased its stake in shares of Under Armour by 117.7% in the first quarter. Cardinal Capital Management now owns 19,306 shares of the company’s stock valued at $382,000 after buying an additional 10,437 shares during the last quarter. Hedge funds and other institutional investors own 56.34% of the company’s stock.
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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