Under Armour, Inc. (NYSE:UAA) released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03, Morningstar.com reports. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business’s revenue was up 8.7% on a year-over-year basis. Under Armour updated its FY17 guidance to $0.37-0.40 EPS.
Shares of Under Armour (NYSE:UAA) opened at 17.12 on Friday. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 34.66 and a beta of -0.07. Under Armour has a 52 week low of $16.94 and a 52 week high of $43.85. The stock’s 50 day moving average price is $19.65 and its 200-day moving average price is $20.20.
Several institutional investors have recently bought and sold shares of UAA. Nomura Asset Management Co. Ltd. purchased a new position in Under Armour during the first quarter worth about $405,000. Private Asset Management Inc. purchased a new position in Under Armour during the second quarter worth about $923,000. DnB Asset Management AS purchased a new position in Under Armour during the second quarter worth about $405,000. Xact Kapitalforvaltning AB purchased a new position in Under Armour during the second quarter worth about $474,000. Finally, Burns J W & Co. Inc. NY purchased a new position in Under Armour during the second quarter worth about $480,000. Hedge funds and other institutional investors own 29.59% of the company’s stock.
Several equities research analysts have recently commented on UAA shares. Susquehanna Bancshares Inc increased their price objective on Under Armour from $14.00 to $17.00 in a report on Friday, July 7th. Vetr downgraded Under Armour from a “strong-buy” rating to a “buy” rating and set a $22.03 price objective for the company. in a report on Wednesday, April 26th. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 price objective on shares of Under Armour in a report on Friday, May 19th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, July 4th. Finally, Morgan Stanley cut their price objective on Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. Twelve analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.29.
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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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