Jefferies Group LLC restated their buy rating on shares of Under Armour, Inc. (NYSE:UAA) in a research note released on Thursday, September 7th. The brokerage currently has a $28.00 target price on the stock.
Several other research firms have also issued reports on UAA. Morgan Stanley lowered their price target 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. Wedbush reissued a neutral rating and issued a $17.00 target price (down previously from $18.00) on shares of Under Armour in a research report on Tuesday, August 8th. Vetr lowered Under Armour from a sell rating to a strong sell rating and set a $16.68 target price for the company. in a research report on Wednesday, August 9th. Nomura decreased their target price on Under Armour from $15.00 to $13.00 and set a reduce rating for the company in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group reissued an underperform rating and issued a $17.00 target price on shares of Under Armour in a research report on Friday, June 16th. Thirteen research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have assigned a buy rating to the stock. Under Armour currently has an average rating of Hold and an average target price of $22.37.
Under Armour (UAA) traded down 0.89% on Thursday, reaching $17.79. 5,166,170 shares of the company traded hands. Under Armour has a 52-week low of $15.92 and a 52-week high of $40.14. The stock has a 50-day moving average price of $17.75 and a 200-day moving average price of $19.61. The firm has a market cap of $7.85 billion, a P/E ratio of 36.01 and a beta of -0.04.
Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts anticipate that Under Armour will post $0.38 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAA. Baillie Gifford & Co. acquired a new position in Under Armour during the 2nd quarter worth $532,573,000. Vanguard Group Inc. acquired a new position in Under Armour during the 2nd quarter worth $393,172,000. BlackRock Inc. acquired a new position in Under Armour during the 2nd quarter worth $238,861,000. State Street Corp acquired a new position in Under Armour during the 2nd quarter worth $157,325,000. Finally, Bamco Inc. NY acquired a new position in Under Armour during the 2nd quarter worth $151,334,000. 30.53% of the stock is owned by hedge funds and other institutional investors.
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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