Under Armour, Inc. (NYSE:UAA) was downgraded by Wedbush from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, November 2nd.
A number of other analysts have also issued reports on UAA. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Under Armour in a research note on Friday, July 7th. Susquehanna Bancshares Inc boosted their price target on shares of Under Armour from $14.00 to $17.00 in a research note on Friday, July 7th. Vetr upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target on the stock in a research note on Monday, July 10th. Zacks Investment Research downgraded Under Armour from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, OTR Global reissued a “negative” rating on shares of Under Armour in a research report on Tuesday, July 18th. Seventeen equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and four have issued a buy rating to the company. Under Armour presently has a consensus rating of “Hold” and an average target price of $17.04.
Shares of Under Armour (NYSE UAA) traded down $0.59 on Thursday, reaching $12.85. 6,626,500 shares of the company traded hands, compared to its average volume of 5,602,141. The stock has a market cap of $5,380.00, a price-to-earnings ratio of 31.90, a P/E/G ratio of 3.87 and a beta of 0.03. Under Armour has a 12-month low of $11.40 and a 12-month high of $33.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.23.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. research analysts anticipate that Under Armour will post 0.2 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new stake in Under Armour during the 2nd quarter worth approximately $532,573,000. Vanguard Group Inc. acquired a new position in shares of Under Armour in the 2nd quarter worth approximately $393,172,000. BlackRock Inc. acquired a new position in shares of Under Armour in the 2nd quarter worth approximately $238,861,000. Bamco Inc. NY grew its position in shares of Under Armour by 10.8% in the 3rd quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock worth $126,978,000 after acquiring an additional 750,325 shares in the last quarter. Finally, State Street Corp acquired a new position in shares of Under Armour in the 2nd quarter worth approximately $157,325,000. Institutional investors own 30.79% of the company’s stock.
Under Armour Company Profile
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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