Under Armour Inc Class A (UAA) Receives Average Rating of “Hold” from Brokerages

Under Armour Inc Class A (NYSE:UAA) has been assigned a consensus rating of “Hold” from the thirty-four ratings firms that are currently covering the firm, MarketBeat.com reports. Fifteen investment analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $15.34.

UAA has been the subject of several recent research reports. Vetr downgraded shares of Under Armour Inc Class A from a “strong-buy” rating to a “buy” rating and set a $17.98 target price for the company. in a report on Wednesday, February 14th. Telsey Advisory Group raised their target price on shares of Under Armour Inc Class A from $13.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Pivotal Research raised their target price on shares of Under Armour Inc Class A from $14.00 to $16.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Citigroup restated a “neutral” rating and set a $17.00 target price on shares of Under Armour Inc Class A in a report on Wednesday, February 14th. Finally, DA Davidson lifted their price target on shares of Under Armour Inc Class A from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th.

Under Armour Inc Class A traded down $0.15, hitting $23.47, during mid-day trading on Friday, MarketBeat.com reports. 5,293,725 shares of the company’s stock traded hands, compared to its average volume of 6,676,762. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.38. Under Armour Inc Class A has a 1 year low of $11.40 and a 1 year high of $24.69. The company has a market capitalization of $10.72 billion, a P/E ratio of 123.53, a price-to-earnings-growth ratio of 6.45 and a beta of -0.23.

Under Armour Inc Class A (NYSE:UAA) last posted its earnings results on Tuesday, May 1st. The company reported $0.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.05. Under Armour Inc Class A had a negative net margin of 1.51% and a positive return on equity of 4.32%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm posted ($0.01) EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. equities research analysts predict that Under Armour Inc Class A will post 0.18 earnings per share for the current year.

In other Under Armour Inc Class A news, Director Harvey Sanders sold 6,513 shares of Under Armour Inc Class A stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $18.36, for a total transaction of $119,578.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Patrik Frisk purchased 14,000 shares of Under Armour Inc Class A stock in a transaction on Friday, May 11th. The shares were acquired at an average cost of $18.50 per share, for a total transaction of $259,000.00. The disclosure for this purchase can be found here. 16.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Under Armour Inc Class A by 2.6% during the first quarter. BlackRock Inc. now owns 11,868,752 shares of the company’s stock valued at $194,057,000 after buying an additional 300,035 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in Under Armour Inc Class A by 3.5% during the first quarter. Loomis Sayles & Co. L P now owns 5,334,352 shares of the company’s stock valued at $87,216,000 after buying an additional 181,971 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Under Armour Inc Class A by 6.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,919,045 shares of the company’s stock valued at $27,693,000 after buying an additional 123,863 shares in the last quarter. Geode Capital Management LLC lifted its position in Under Armour Inc Class A by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 1,891,190 shares of the company’s stock valued at $27,226,000 after buying an additional 56,199 shares in the last quarter. Finally, Armistice Capital LLC acquired a new position in Under Armour Inc Class A during the fourth quarter valued at approximately $20,202,000. 37.75% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Inc Class A 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, cold, and in between the extremes.

Analyst Recommendations for Under Armour Inc Class A (NYSE:UAA)

Receive News & Ratings for Under Armour Inc Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply