Under Armour, Inc. (UAA) Price Target Lowered to $14.00 at Piper Jaffray Companies

Under Armour, Inc. (NYSE:UAA) had its target price lowered by analysts at Piper Jaffray Companies to $14.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has an “average” rating on the stock. Piper Jaffray Companies’ price objective would indicate a potential downside of 16.86% from the stock’s current price.

A number of other research firms also recently issued reports on UAA. Morgan Stanley dropped their price target on Under Armour from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th. Wedbush restated a “neutral” rating and set a $17.00 price target (down previously from $18.00) on shares of Under Armour in a research note on Tuesday, August 8th. Vetr downgraded Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 price target on the stock. in a research note on Wednesday, August 9th. Nomura dropped their price target on Under Armour from $15.00 to $13.00 and set a “reduce” rating on the stock in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group restated an “underperform” rating and set a $17.00 price target on shares of Under Armour in a research note on Friday, June 16th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.77.

Shares of Under Armour (NYSE:UAA) opened at 16.84 on Wednesday. The company has a 50-day moving average price of $16.87 and a 200-day moving average price of $19.25. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 34.09 and a beta of -0.02. Under Armour has a 12 month low of $15.92 and a 12 month high of $39.20.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts expect that Under Armour will post $0.37 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of UAA. D.A. Davidson & CO. acquired a new position in Under Armour during the second quarter worth $118,000. Cornerstone Advisors Inc. acquired a new position in Under Armour during the second quarter worth $124,000. Municipal Employees Retirement

A number of other research firms also recently issued reports on UAA. Morgan Stanley dropped their price target on Under Armour from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th. Wedbush restated a “neutral” rating and set a $17.00 price target (down previously from $18.00) on shares of Under Armour in a research note on Tuesday, August 8th. Vetr downgraded Under Armour from a “sell” rating to a “strong sell” rating and set a $16.68 price target on the stock. in a research note on Wednesday, August 9th. Nomura dropped their price target on Under Armour from $15.00 to $13.00 and set a “reduce” rating on the stock in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group restated an “underperform” rating and set a $17.00 price target on shares of Under Armour in a research note on Friday, June 16th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.77.

Shares of Under Armour (NYSE:UAA) opened at 16.84 on Wednesday. The company has a 50-day moving average price of $16.87 and a 200-day moving average price of $19.25. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 34.09 and a beta of -0.02. Under Armour has a 12 month low of $15.92 and a 12 month high of $39.20.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts expect that Under Armour will post $0.37 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/under-armour-inc-uaa-price-target-lowered-to-14-00-at-piper-jaffray-companies.html.

A number of hedge funds have recently modified their holdings of UAA. D.A. Davidson & CO. acquired a new position in Under Armour during the second quarter worth $118,000. Cornerstone Advisors Inc. acquired a new position in Under Armour during the second quarter worth $124,000. Municipal Employees Retirement System of Michigan acquired a new position in Under Armour during the second quarter worth $129,000. WFG Advisors LP acquired a new position in Under Armour during the second quarter worth $132,000. Finally, Global X Management Co. LLC acquired a new position in Under Armour during the second quarter worth $134,000. 30.47% 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.

Analyst Recommendations for Under Armour (NYSE:UAA)

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