UBS Group AG (USA) Cuts Under Armour, Inc. (UAA) Price Target to $14.00
Under Armour, Inc. (NYSE:UAA) had its target price decreased by UBS Group AG (USA) from $19.00 to $14.00 in a report published on Wednesday morning, www.benzinga.com reports. UBS Group AG (USA) currently has a neutral rating on the stock.
UAA has been the topic of a number of other research reports. Vetr downgraded Under Armour from a hold rating to a sell rating and set a $16.78 price objective on the stock. in a research report on Thursday, September 7th. Deutsche Bank AG downgraded Under Armour from a hold rating to a sell rating and dropped their price objective for the company from $20.27 to $17.00 in a research report on Tuesday, July 25th. Zacks Investment Research downgraded Under Armour from a hold rating to a sell rating in a research report on Wednesday, October 11th. Stifel Nicolaus reaffirmed a hold rating and set a $18.00 price objective on shares of Under Armour in a research report on Thursday, August 24th. Finally, Piper Jaffray Companies dropped their price objective on Under Armour to $11.00 and set a neutral rating on the stock in a research report on Tuesday. Nineteen 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 stock. The company has a consensus rating of Hold and an average target price of $17.18.
Under Armour (NYSE:UAA) opened at $11.61 on Wednesday. The company has a market cap of $5,194.83, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 3.49 and a beta of -0.15. The company has a quick ratio of 1.07, a current ratio of 2.23 and a debt-to-equity ratio of 0.37.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue was down 4.5% on a year-over-year basis. analysts forecast that Under Armour will post 0.2 earnings per share for the current fiscal year.
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Several large investors have recently modified their holdings of the company. Aldebaran Financial Inc. boosted its stake in shares of Under Armour by 8.3% in the second quarter. Aldebaran Financial Inc. now owns 27,310 shares of the company’s stock worth $594,000 after acquiring an additional 2,090 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Under Armour by 6.8% in the third quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock worth $864,000 after acquiring an additional 3,338 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Under Armour by 5.6% in the third quarter. IFP Advisors Inc now owns 97,318 shares of the company’s stock worth $1,604,000 after acquiring an additional 5,148 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Under Armour in the second quarter worth approximately $118,000. Finally, Cornerstone Advisors Inc. acquired a new stake in shares of Under Armour in the second quarter worth approximately $124,000. 30.43% of the stock is currently owned by hedge funds and other 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.
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