Under Armour, Inc. (UA) Earns “Sell” Rating from FBR & Co
Several other research firms also recently issued reports on UA. Jefferies Group LLC reaffirmed a buy rating and set a $28.00 price objective on shares of Under Armour in a report on Thursday, September 7th. Vetr downgraded shares of Under Armour from a strong-buy rating to a buy rating and set a $18.79 price target for the company. in a report on Wednesday, September 13th. Wells Fargo & Company downgraded shares of Under Armour from a market perform rating to a sell rating and reduced their price target for the company from $17.00 to $13.00 in a report on Tuesday, September 19th. BidaskClub downgraded shares of Under Armour from a hold rating to a sell rating in a report on Wednesday, July 12th. Finally, Sanford C. Bernstein assumed coverage on shares of Under Armour in a report on Tuesday, September 12th. They issued an underperform rating and a $14.00 price target for the company. Nine research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $16.69.
Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion during the quarter. Under Armour had a net margin of 2.94% and a return on equity of 9.38%.
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Large investors have recently modified their holdings of the business. Harris Associates L P bought a new position in Under Armour during the 2nd quarter worth approximately $22,967,000. American Century Companies Inc. bought a new position in Under Armour during the 2nd quarter worth approximately $19,429,000. Contrarius Investment Management Ltd bought a new position in Under Armour during the 2nd quarter worth approximately $17,656,000. State of New Jersey Common Pension Fund D boosted its stake in Under Armour by 66.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the company’s stock worth $22,530,000 after acquiring an additional 600,000 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in Under Armour by 113.5% during the 2nd quarter. Bank of Nova Scotia now owns 849,264 shares of the company’s stock worth $17,121,000 after acquiring an additional 451,485 shares during the last quarter. 30.27% 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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