Under Armour (UAA) Stock Rating Lowered by Vetr

Vetr lowered shares of Under Armour (NYSE:UAA) from a strong-buy rating to a sell rating in a research report report published on Monday. The firm currently has $12.00 target price on the stock.

A number of other analysts also recently commented on the company. Piper Jaffray Companies reduced their price objective on Under Armour from $17.00 to $14.00 and set an average rating for the company in a research report on Wednesday, October 11th. Jefferies Group reiterated a buy rating and issued a $28.00 price objective on shares of Under Armour in a research report on Friday, August 11th. Morgan Stanley reduced their price objective on Under Armour from $20.00 to $19.00 and set an equal weight rating for the company in a research report on Monday, August 7th. Stifel Nicolaus reiterated a hold rating and issued a $18.00 price objective on shares of Under Armour in a research report on Thursday, August 24th. Finally, Zacks Investment Research upgraded Under Armour from a sell rating to a hold rating in a research report on Friday, August 11th. Eighteen equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $16.92.

Shares of Under Armour (NYSE UAA) opened at $13.28 on Monday. Under Armour has a 52 week low of $11.40 and a 52 week high of $33.45. The firm has a market capitalization of $5,540.00, a P/E ratio of 31.73, a P/E/G ratio of 3.85 and a beta of 0.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23.

Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. The business’s revenue was down 4.5% on a year-over-year basis. equities analysts forecast that Under Armour will post 0.2 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. acquired a new stake in Under Armour during the 2nd quarter valued at $118,000. Municipal Employees Retirement System of Michigan acquired a new stake in Under Armour during the 2nd quarter valued at $129,000. WFG Advisors LP acquired a new stake in Under Armour during the 2nd quarter valued at $132,000. Global X Management Co. LLC acquired a new stake in Under Armour during the 2nd quarter valued at $134,000. Finally, Armor Investment Advisors LLC acquired a new stake in Under Armour during the 2nd quarter valued at $134,000. 31.23% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Under Armour (NYSE:UAA)

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