KeyCorp Analysts Boost Earnings Estimates for Under Armour, Inc. (UAA)
Under Armour, Inc. (NYSE:UAA) – Stock analysts at KeyCorp increased their Q3 2018 earnings estimates for Under Armour in a research report issued to clients and investors on Tuesday. KeyCorp analyst E. Yruma now anticipates that the company will post earnings per share of $0.24 for the quarter, up from their previous estimate of $0.21. KeyCorp currently has a “Overweight” rating and a $20.00 target price on the stock.
Under Armour (NYSE:UAA) last announced its 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 company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year.
A number of other analysts have also recently weighed in on UAA. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Susquehanna Bancshares Inc increased their price target on Under Armour from $14.00 to $17.00 in a research report on Friday, July 7th. Vetr upgraded Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target on the stock in a research report on Monday, July 10th. Zacks Investment Research lowered Under Armour from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Finally, OTR Global reissued a “negative” rating on shares of Under Armour in a report on Tuesday, July 18th. Nineteen equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.18.
Several large investors have recently made changes to their positions in UAA. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Under Armour during the first quarter worth $405,000. Private Asset Management Inc. purchased a new stake in shares of Under Armour during the second quarter worth $923,000. DnB Asset Management AS purchased a new stake in shares of Under Armour during the second quarter worth $405,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Under Armour during the second quarter worth $474,000. Finally, Burns J W & Co. Inc. NY acquired a new position in Under Armour during the second quarter worth $480,000. Institutional investors and hedge funds own 30.43% 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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