News coverage about Under Armour (NYSE:UA) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Under Armour earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.6479877631676 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- UA Florida Targets Notebook (florida.rivals.com)
- Stephen Curry to play in Under Armour low-tops for first time (espn.com)
- Trade War: These Apparel and Footwear Companies Might Not Get Crushed (finance.yahoo.com)
- Textile Stocks’ Research Reports Released on PVH Corp., Ralph Lauren, Under Armour, and VF Corp. – PR Newswire (press release) (prnewswire.com)
- Stephen Curry to play in Under Armour low-tops for first time – KGO-TV (abc7news.com)
Several equities research analysts have issued reports on the company. Canaccord Genuity set a $9.00 price target on Under Armour and gave the stock a “sell” rating in a report on Friday, March 16th. Vetr downgraded Under Armour from a “buy” rating to a “hold” rating and set a $14.91 price target for the company. in a report on Wednesday, January 3rd. DA Davidson set a $17.00 price target on Under Armour and gave the stock a “hold” rating in a report on Wednesday, February 14th. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, JPMorgan Chase & Co. increased their price target on Under Armour from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Eleven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.38.
Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.20) earnings per share for the quarter. Under Armour had a positive return on equity of 9.38% and a negative net margin of 0.97%. The firm had revenue of $1.37 billion for the quarter. During the same period in the prior year, the company earned $0.23 earnings per share.
In related news, insider Kerry D. Chandler sold 19,643 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $15.09, for a total transaction of $296,412.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
About Under Armour
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.
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