Wedbush reissued their neutral rating on shares of Under Armour, Inc. (NYSE:UAA) in a research report report published on Tuesday, August 8th. The firm currently has a $17.00 price target on the stock, down from their previous price target of $18.00.
UAA has been the topic of several other research reports. Vetr upgraded shares of Under Armour from a buy rating to a strong-buy rating and set a $22.90 target price on the stock in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of Under Armour from a hold rating to a buy rating and set a $24.00 target price on the stock in a research note on Tuesday, July 4th. OTR Global restated a negative rating on shares of Under Armour in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. restated a market perform rating on shares of Under Armour in a research note on Tuesday, April 25th. Finally, Credit Suisse Group reaffirmed an underperform rating and set a $17.00 price target on shares of Under Armour in a research report on Wednesday, August 2nd. Twelve investment 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 company currently has an average rating of Hold and an average target price of $23.29.
Under Armour (NYSE UAA) traded down 3.87% during mid-day trading on Tuesday, reaching $17.12. 7,989,307 shares of the company were exchanged. The stock has a 50-day moving average price of $19.65 and a 200 day moving average price of $20.20. The company has a market capitalization of $7.55 billion, a PE ratio of 34.66 and a beta of -0.07. Under Armour has a one year low of $16.94 and a one year high of $43.85.
Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts predict that Under Armour will post $0.38 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. bought a new position in Under Armour during the second quarter valued at about $532,573,000. Vanguard Group Inc. bought a new position in Under Armour during the second quarter valued at about $393,172,000. BlackRock Inc. bought a new position in Under Armour during the second quarter valued at about $238,861,000. State Street Corp bought a new position in Under Armour during the second quarter valued at about $157,325,000. Finally, Bamco Inc. NY bought a new position in Under Armour during the second quarter valued at about $151,334,000. Institutional investors own 29.59% of the company’s stock.
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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