Under Armour, Inc. (NYSE:UAA) was downgraded by equities researchers at Canaccord Genuity from a “hold” rating to a “sell” rating in a report released on Wednesday, November 1st, MarketBeat reports. They currently have a $8.00 price objective on the stock, down from their previous price objective of $15.00. Canaccord Genuity’s price target would indicate a potential downside of 36.10% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company decreased their target price on shares of Under Armour to $11.00 and set an “underperform” rating for the company in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, July 4th. OTR Global reissued a “negative” rating on shares of Under Armour in a research report on Tuesday, July 18th. Credit Suisse Group reissued an “underperform” rating and set a $17.00 price target on shares of Under Armour in a research report on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Eighteen investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.04.
Under Armour (UAA) opened at $12.52 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16. Under Armour has a 12 month low of $11.40 and a 12 month high of $33.45. The company has a market capitalization of $5,521.16, a price-to-earnings ratio of 30.54, a P/E/G ratio of 3.71 and a beta of -0.15.
Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. equities analysts forecast that Under Armour will post 0.2 EPS for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in UAA. Baillie Gifford & Co. acquired a new stake in shares of Under Armour during the second quarter valued at about $532,573,000. Vanguard Group Inc. acquired a new stake in shares of Under Armour during the second quarter valued at about $393,172,000. BlackRock Inc. acquired a new position in shares of Under Armour in the second quarter valued at approximately $238,861,000. State Street Corp acquired a new position in shares of Under Armour in the second quarter valued at approximately $157,325,000. Finally, Bamco Inc. NY acquired a new position in shares of Under Armour in the second quarter valued at approximately $151,334,000. Institutional investors and hedge funds own 30.35% of the company’s stock.
Under Armour Company Profile
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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