Equities research analysts at Consumer Edge initiated coverage on shares of Under Armour (NYSE:UAA) in a research note issued to investors on Friday, December 27th, MarketBeat.com reports. The firm set an “equal weight” rating and a $23.00 price target on the stock. Consumer Edge’s target price suggests a potential upside of 12.80% from the company’s previous close.
A number of other equities analysts have also weighed in on the stock. Credit Suisse Group restated a “neutral” rating and issued a $25.00 price objective on shares of Under Armour in a report on Thursday, October 31st. Sanford C. Bernstein upgraded shares of Under Armour from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $16.00 to $17.00 in a research note on Tuesday, September 3rd. Goldman Sachs Group set a $26.00 target price on shares of Under Armour and gave the company a “buy” rating in a research note on Tuesday, November 5th. KeyCorp decreased their target price on shares of Under Armour from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Pivotal Research decreased their target price on shares of Under Armour from $25.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.89.
Shares of UAA stock traded down $0.80 during trading hours on Friday, hitting $20.39. 6,915,462 shares of the company’s stock traded hands, compared to its average volume of 3,886,253. The stock’s fifty day simple moving average is $20.37 and its two-hundred day simple moving average is $20.79. Under Armour has a 12-month low of $16.74 and a 12-month high of $27.72. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 64.21, a PEG ratio of 1.65 and a beta of 0.57. The company has a quick ratio of 1.29, a current ratio of 2.05 and a debt-to-equity ratio of 0.55.
Under Armour (NYSE:UAA) last released its earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Under Armour had a net margin of 2.14% and a return on equity of 7.24%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business earned $0.25 earnings per share. The business’s revenue was down .9% on a year-over-year basis. On average, equities analysts forecast that Under Armour will post 0.34 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Ossiam purchased a new stake in Under Armour in the 2nd quarter worth $30,000. Cullen Frost Bankers Inc. purchased a new stake in Under Armour in the 3rd quarter worth $31,000. Capital Bank & Trust Co purchased a new stake in Under Armour in the 2nd quarter worth $45,000. Steward Partners Investment Advisory LLC lifted its stake in Under Armour by 14.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 5,284 shares of the company’s stock worth $105,000 after purchasing an additional 667 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in Under Armour in the 3rd quarter worth $127,000. 39.52% of the stock is owned by hedge funds and other institutional investors.
Under Armour 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 and cold.
