Under Armour (NYSE:UA) Receives “Buy” Rating from Evercore ISI

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Evercore ISI reiterated their buy rating on shares of Under Armour (NYSE:UA) in a research report sent to investors on Sunday morning, AnalystRatings.com reports. The brokerage currently has a $33.00 price target on the stock.

Several other equities analysts have also commented on the company. Stifel Nicolaus set a $30.00 target price on Under Armour and gave the company a buy rating in a report on Friday, July 19th. Pivotal Research reissued a hold rating and issued a $25.00 price objective on shares of Under Armour in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised Under Armour from a neutral rating to an overweight rating and increased their price objective for the stock from $23.00 to $29.00 in a report on Friday, May 17th. Piper Jaffray Companies set a $30.00 price objective on Under Armour and gave the stock a buy rating in a report on Monday, June 24th. Finally, ValuEngine lowered Under Armour from a hold rating to a sell rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Under Armour currently has an average rating of Hold and an average price target of $22.91.

NYSE:UA opened at $16.96 on Friday. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 62.81 and a beta of 0.96. The company’s 50 day moving average is $21.87. Under Armour has a 52 week low of $15.05 and a 52 week high of $24.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.83 and a quick ratio of 1.11.

Under Armour (NYSE:UA) last posted its earnings results on Tuesday, July 30th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The company had revenue of $1.19 billion during the quarter. Under Armour had a return on equity of 7.83% and a net margin of 1.62%. On average, sell-side analysts forecast that Under Armour will post 0.35 EPS for the current fiscal year.

In other Under Armour news, insider Kevin Eskridge sold 56,500 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $17.69, for a total transaction of $999,485.00. Following the completion of the transaction, the insider now directly owns 196,374 shares of the company’s stock, valued at approximately $3,473,856.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 15.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Under Armour by 3.4% in the second quarter. Vanguard Group Inc. now owns 20,520,471 shares of the company’s stock valued at $455,554,000 after purchasing an additional 666,112 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Under Armour by 2.0% in the second quarter. BlackRock Inc. now owns 12,138,606 shares of the company’s stock valued at $269,478,000 after purchasing an additional 242,747 shares in the last quarter. FMR LLC lifted its holdings in shares of Under Armour by 161.2% in the fourth quarter. FMR LLC now owns 4,528,755 shares of the company’s stock valued at $73,230,000 after purchasing an additional 2,794,611 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Under Armour by 699.3% in the second quarter. Wells Fargo & Company MN now owns 3,068,536 shares of the company’s stock valued at $68,123,000 after purchasing an additional 2,684,657 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Under Armour by 11.1% in the fourth quarter. Geode Capital Management LLC now owns 2,454,709 shares of the company’s stock valued at $39,629,000 after purchasing an additional 245,013 shares in the last quarter. 32.42% of the stock is owned by hedge funds and other institutional investors.

Under Armour Company Profile

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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Analyst Recommendations for Under Armour (NYSE:UA)

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