Under Armour, Inc. (NYSE:UA) Reaches New 12-Month Low at $16.36

Shares of Under Armour, Inc. (NYSE:UA) reached a new 52-week low during trading on Tuesday . The stock traded as low as $16.36 and last traded at $16.39, with a volume of 15,348,965 shares changing hands. The stock had previously closed at $18.11.

Several research firms have commented on UA. Vetr raised Under Armour from a “buy” rating to a “strong-buy” rating and set a $18.82 price objective for the company in a research note on Wednesday. Forward View set a $17.00 price objective on Under Armour and gave the company a “hold” rating in a research note on Sunday, August 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of Under Armour in a research note on Friday, August 11th. Canaccord Genuity reaffirmed a “hold” rating and set a $18.00 price objective (down from $21.00) on shares of Under Armour in a research note on Thursday, August 3rd. Finally, Buckingham Research set a $14.00 price objective on Under Armour and gave the company a “sell” rating in a research note on Thursday, August 3rd. Eight research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $18.87.

The firm has a market cap of $6.90 billion, a P/E ratio of 31.66 and a beta of 0.78. The stock has a 50-day moving average of $17.92 and a 200-day moving average of $18.51.

Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.04. The company had revenue of $1.09 billion for the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. On average, equities analysts forecast that Under Armour, Inc. will post $0.38 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Under Armour by 12.1% in the second quarter. FMR LLC now owns 2,961,380 shares of the company’s stock valued at $59,702,000 after buying an additional 320,600 shares during the last quarter. WCM Investment Management CA boosted its stake in shares of Under Armour by 19.5% in the second quarter. WCM Investment Management CA now owns 1,368,431 shares of the company’s stock valued at $27,588,000 after buying an additional 223,415 shares during the last quarter. Harris Associates L P purchased a new stake in shares of Under Armour during the second quarter valued at approximately $22,967,000. American Century Companies Inc. purchased a new stake in shares of Under Armour during the second quarter valued at approximately $19,429,000. Finally, Contrarius Investment Management Ltd purchased a new stake in shares of Under Armour during the second quarter valued at approximately $17,656,000. 57.08% of the stock is currently owned by hedge funds and other institutional investors.

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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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