Wedbush Reiterates Neutral Rating for Under Armour, Inc. (UAA)

Under Armour, Inc. (NYSE:UAA)‘s stock had its “neutral” rating restated by research analysts at Wedbush in a research note issued on Wednesday, November 1st. They currently have a $11.00 price target on the stock, down from their prior price target of $17.00. Wedbush’s price target would indicate a potential downside of 18.15% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Susquehanna Bancshares Inc raised their price target on Under Armour from $14.00 to $17.00 in a report on Friday, July 7th. Piper Jaffray Companies reduced their price target on Under Armour from $17.00 to $14.00 and set an “average” rating for the company in a report on Wednesday, October 11th. Vetr upgraded Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target for the company in a report on Monday, July 10th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Under Armour in a report on Friday, August 11th. Seventeen equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.04.

Shares of Under Armour (NYSE UAA) traded up $0.36 during trading on Wednesday, reaching $13.44. The company’s stock had a trading volume of 5,638,205 shares, compared to its average volume of 5,597,572. Under Armour has a fifty-two week low of $11.40 and a fifty-two week high of $33.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16. The stock has a market capitalization of $5,777.40, a price-to-earnings ratio of 31.90, a P/E/G ratio of 3.87 and a beta of -0.15.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. Under Armour’s revenue was down 4.5% compared to the same quarter last year. equities analysts expect that Under Armour will post 0.2 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. bought a new position in Under Armour in the 2nd quarter valued at $532,573,000. Vanguard Group Inc. bought a new position in Under Armour in the 2nd quarter valued at $393,172,000. BlackRock Inc. bought a new position in Under Armour in the 2nd quarter valued at $238,861,000. Bamco Inc. NY grew its position in Under Armour by 10.8% in the 3rd quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock valued at $126,978,000 after acquiring an additional 750,325 shares during the last quarter. Finally, State Street Corp bought a new position in Under Armour in the 2nd quarter valued at $157,325,000. 30.79% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Under Armour (NYSE:UAA)

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