Under Armour (UAA) Upgraded at ValuEngine

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ValuEngine upgraded shares of Under Armour (NYSE:UAA) from a hold rating to a buy rating in a report issued on Thursday, ValuEngine reports.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Under Armour from a hold rating to a buy rating and set a $25.00 price objective for the company in a research note on Wednesday, May 8th. Credit Suisse Group restated a neutral rating and issued a $26.00 price objective on shares of Under Armour in a research note on Tuesday, April 30th. B. Riley restated a sell rating and issued a $12.00 price objective on shares of Under Armour in a research note on Tuesday, February 5th. Citigroup upgraded Under Armour from a neutral rating to a buy rating and upped their price objective for the company from $23.00 to $29.00 in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. upgraded Under Armour from a neutral rating to an overweight rating and upped their price objective for the company from $23.00 to $29.00 in a research note on Friday, May 17th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. Under Armour presently has a consensus rating of Hold and a consensus price target of $24.03.

Shares of Under Armour stock opened at $23.54 on Thursday. Under Armour has a 12-month low of $16.52 and a 12-month high of $24.96. The firm has a market cap of $10.62 billion, a P/E ratio of 87.19, a P/E/G ratio of 3.30 and a beta of 0.45. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.58.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter. Under Armour had a return on equity of 7.17% and a net margin of 0.12%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Under Armour will post 0.35 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC bought a new position in shares of Under Armour during the 1st quarter worth $25,000. Rockefeller Capital Management L.P. bought a new position in shares of Under Armour during the 1st quarter worth $27,000. Rehmann Capital Advisory Group bought a new position in shares of Under Armour during the 1st quarter worth $28,000. Bremer Trust National Association bought a new position in shares of Under Armour during the 4th quarter worth $32,000. Finally, Bremer Bank National Association bought a new position in shares of Under Armour during the 1st quarter worth $42,000. Institutional investors own 35.86% of the company’s stock.

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 and cold.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Under Armour (NYSE:UAA)

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