Under Armour, Inc. (NYSE:UAA)‘s stock had its “hold” rating reiterated by stock analysts at Canaccord Genuity in a report released on Thursday, Marketbeat.com reports. They presently have a $15.00 price target on the stock, down from their prior price target of $18.00. Canaccord Genuity’s price objective would indicate a potential downside of 7.35% from the stock’s previous close.
UAA has been the subject of several other reports. Vetr lowered Under Armour from a “hold” rating to a “sell” rating and set a $16.78 price objective for the company. in a report on Thursday, September 7th. Deutsche Bank AG lowered Under Armour from a “hold” rating to a “sell” rating and cut their price objective for the stock from $20.27 to $17.00 in a report on Tuesday, July 25th. Zacks Investment Research lowered Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and set a $18.00 price objective on shares of Under Armour in a report on Thursday, August 24th. Finally, Buckingham Research reiterated an “underperform” rating and set a $15.00 price objective on shares of Under Armour in a report on Thursday, July 27th. Fourteen investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and five have issued a buy rating to the company. Under Armour presently has a consensus rating of “Hold” and a consensus target price of $19.68.
Under Armour (NYSE UAA) traded down 2.18% during midday trading on Thursday, reaching $16.19. The company’s stock had a trading volume of 4,235,729 shares. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 32.77 and a beta of -0.02. Under Armour has a 12 month low of $15.92 and a 12 month high of $39.12. The stock’s 50-day moving average price is $16.83 and its 200-day moving average price is $19.18.
Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts predict that Under Armour will post $0.37 EPS for the current year.
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Large investors have recently bought and sold shares of the company. Aviva PLC bought a new position in shares of Under Armour in the second quarter valued at approximately $2,486,000. State of Tennessee Treasury Department bought a new position in shares of Under Armour in the second quarter valued at approximately $4,363,000. Chilton Investment Co. LLC bought a new position in shares of Under Armour in the second quarter valued at approximately $18,697,000. Schwab Charles Investment Management Inc. bought a new position in shares of Under Armour in the second quarter valued at approximately $15,325,000. Finally, BKS Advisors LLC bought a new position in shares of Under Armour in the second quarter valued at approximately $1,224,000. Institutional investors own 30.47% of the company’s stock.
About Under Armour
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.
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