Under Armour (NYSE: UAA) has recently received a number of price target changes and ratings updates:

  • 8/11/2017 – Under Armour was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Under Armour’s better-than-expected results in second-quarter 2017 failed to cushion the stock, which has witnessed a sharp decline in the past one year and underperformed the industry by a wide range. Investors’ sentiments were further dampened by the company’s conservative sales guidance for the full year. The company now expects net revenue for 2017 to rise in the range of 9–11%, down from the prior estimate of an increase of 11–12% over the 2016 level primarily due to moderation in North American business. Further, it anticipates adjusted gross margin to decline by a minimum of 120 basis points in 2017 due to foreign currency headwinds, restructuring plan and efforts toward managing inventory. Nevertheless, the company’s sustained focus on brand development, expansion of direct-to-consumer and technology-based fitness business bode well.”
  • 8/11/2017 – Under Armour had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $28.00 price target on the stock.
  • 8/10/2017 – Under Armour was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $16.78 price target on the stock.
  • 8/9/2017 – Under Armour was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $16.68 price target on the stock.
  • 8/9/2017 – Under Armour had its “underperform” rating reaffirmed by analysts at Buckingham Research. They now have a $14.00 price target on the stock, down previously from $15.00.
  • 8/8/2017 – Under Armour had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $18.00 price target on the stock, down previously from $21.00.
  • 8/8/2017 – Under Armour had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $17.00 price target on the stock, down previously from $18.00.
  • 8/8/2017 – Under Armour had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $18.00 price target on the stock, down previously from $21.00.
  • 8/7/2017 – Under Armour had its price target lowered by analysts at Morgan Stanley from $20.00 to $19.00. They now have an “equal weight” rating on the stock.
  • 8/4/2017 – Under Armour was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Under Armour’s better-than-expected results in second-quarter 2017 failed to cushion the stock, which has witnessed a sharp decline in the past one year and underperformed the industry by a wide range. Investors’ sentiments were further dampened by the company’s conservative sales guidance for the full year. The company now expects net revenue for 2017 to rise in the range of 9–11%, down from the prior estimate of an increase of 11–12% over the 2016 level primarily due to moderation in North American business. Further, it anticipates adjusted gross margin to decline by a minimum of 120 basis points in 2017 due to foreign currency headwinds, restructuring plan and efforts toward managing inventory. Nevertheless, the company’s sustained focus on brand development, expansion of direct-to-consumer and technology-based fitness business bode well.”
  • 8/2/2017 – Under Armour had its price target lowered by analysts at Nomura from $15.00 to $13.00. They now have a “reduce” rating on the stock.
  • 8/2/2017 – Under Armour was downgraded by analysts at Vetr from a “strong-buy” rating to a “sell” rating. They now have a $16.68 price target on the stock.
  • 8/2/2017 – Under Armour had its “underperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $17.00 price target on the stock.
  • 8/2/2017 – Under Armour had its “underperform” rating reaffirmed by analysts at FBR & Co. They now have a $14.00 price target on the stock.
  • 8/2/2017 – Under Armour had its price target lowered by analysts at Telsey Advisory Group from $21.00 to $18.00. They now have a “market perform” rating on the stock.
  • 8/2/2017 – Under Armour had its price target lowered by analysts at Buckingham Research from $15.00 to $14.00. They now have an “underperform” rating on the stock.
  • 8/2/2017 – Under Armour had its price target lowered by analysts at Wedbush from $18.00 to $17.00. They now have a “neutral” rating on the stock.
  • 8/2/2017 – Under Armour had its “sell” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $16.00 price target on the stock, down previously from $17.00.
  • 8/2/2017 – Under Armour had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $17.00 price target on the stock.
  • 8/2/2017 – Under Armour had its price target lowered by analysts at Canaccord Genuity from $21.00 to $18.00. They now have a “hold” rating on the stock.
  • 8/2/2017 – Under Armour had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $21.00 price target on the stock.
  • 8/2/2017 – Under Armour was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $21.00 price target on the stock, down previously from $25.00.
  • 7/27/2017 – Under Armour had its “underperform” rating reaffirmed by analysts at Buckingham Research. They now have a $15.00 price target on the stock.
  • 7/25/2017 – Under Armour was downgraded by analysts at Deutsche Bank AG from a “hold” rating to a “sell” rating. They now have a $17.00 price target on the stock, down previously from $20.27. They wrote, “lifestyle athletic wear” as opposed to Under Armour’s “performance based style.”Increased competition in the athletic space.Heightened promotional activity across the entire sector.A slowdown in Under Armour’s direct-to-consumer segment.Also, Hibbett Sports, Inc. (NASDAQ: HIBB), an athletic specialty retailer that accounts for 16.5 percent of Under Armour’s total sales, said on Monday it expects second-quarter comps to be down 10 percent, the analyst added. This should be even more concerning for Under Armour’s investors as the Street was modeling Hibbett Sports’ stores to see just a 2-percent decline in comps and is a “reflection of the challenges the sector currently faces.”Long-Term Story QuestionableFor Under Armour’s stock to return, the company needs to return to a consistent double-digit growth rate. However, there are few drivers to support this outlook, the analyst also argued. Meanwhile, the company has “fumbled”
  • 7/18/2017 – Under Armour had its “negative” rating reaffirmed by analysts at OTR Global.
  • 7/18/2017 – Under Armour is now covered by analysts at Needham & Company LLC. They set a “hold” rating on the stock.
  • 7/17/2017 – Under Armour was downgraded by analysts at Vetr from a “strong-buy” rating to a “hold” rating. They now have a $21.02 price target on the stock.
  • 7/14/2017 – Under Armour was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Although, Under Armour has underperformed the industry in the past three months, its sustained focus on brand development, expansion of direct-to-consumer and technology-based fitness business bode well. With increasing consciousness about fitness among people, sports apparel makers are entering into the business of fitness gadgets and other tracking platforms to attract customers. The company’s international business has also been doing quite well. In first-quarter 2017, international business increased 52% to $227 million. Of late, estimates have been stable ahead of the company’s second quarter earnings release. However, the company has been grappling with higher interest expense due to increase in debt level. Management had kept its guidance intact. The company continues to expect net revenue for 2017 to be nearly $5.4 billion.”
  • 7/10/2017 – Under Armour was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $22.36 price target on the stock.
  • 7/7/2017 – Under Armour had its price target raised by analysts at Susquehanna Bancshares Inc from $14.00 to $17.00.
  • 7/7/2017 – Under Armour had its “underperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 7/4/2017 – Under Armour was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “Under Armour has outperformed the industry in the past three months. Under Armour’s sustained focus on brand development, expansion of direct-to-consumer business, product innovation and foray into the technology-based fitness business bode well. With increasing consciousness about fitness among people, sports apparel makers are entering into the business of fitness gadgets and other tracking platforms to attract customers. The company’s international business has also been doing quite well. In first-quarter 2017, international business increased 52% to $227 million. Of late, estimates have been stable ahead of the company’s second quarter earnings release. However, the company has been grappling with higher interest expense due to increase in debt level. Management had kept its guidance intact. The company continues to expect net revenue for 2017 to be nearly $5.4 billion.”
  • 7/3/2017 – Under Armour was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $22.36 price target on the stock.
  • 6/26/2017 – Under Armour was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $22.36 price target on the stock.
  • 6/21/2017 – Under Armour was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $23.24 price target on the stock.
  • 6/21/2017 – Under Armour had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $28.00 price target on the stock.
  • 6/16/2017 – Under Armour had its “underperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $17.00 price target on the stock.
  • 6/15/2017 – Under Armour was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $23.24 price target on the stock.
  • 6/12/2017 – Under Armour was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $21.99 price target on the stock.

Under Armour, Inc. (NYSE:UAA) traded down 0.86% on Friday, hitting $18.55. The stock had a trading volume of 2,414,945 shares. The company has a market cap of $8.18 billion, a PE ratio of 37.55 and a beta of -0.07. Under Armour, Inc. has a 12 month low of $17.92 and a 12 month high of $43.85. The company has a 50-day moving average of $20.21 and a 200 day moving average of $20.67.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.

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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