Under Armour, Inc. (UA) Given a $15.00 Price Target by Canaccord Genuity Analysts
Several other research analysts also recently issued reports on the company. Vetr downgraded Under Armour from a strong-buy rating to a buy rating and set a $18.79 price objective for the company. in a research note on Wednesday, September 13th. Jefferies Group LLC set a $28.00 price objective on Under Armour and gave the company a buy rating in a research note on Monday, July 31st. BidaskClub downgraded Under Armour from a hold rating to a sell rating in a research note on Thursday, June 22nd. Credit Suisse Group set a $17.00 price objective on Under Armour and gave the company a sell rating in a research note on Wednesday, June 14th. Finally, Sanford C. Bernstein started coverage on Under Armour in a research note on Tuesday, September 12th. They issued an underperform rating and a $14.00 price objective for the company. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $17.99.
Under Armour (NYSE:UA) opened at 14.95 on Thursday. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 30.26 and a beta of 1.15. Under Armour has a 52 week low of $14.80 and a 52 week high of $34.20. The stock has a 50 day moving average of $15.52 and a 200 day moving average of $17.66.
Under Armour (NYSE:UA) last released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. The company had revenue of $1.09 billion during the quarter. Equities research analysts predict that Under Armour will post $0.37 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC increased its position in Under Armour by 48.4% during the 2nd quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock valued at $286,000 after purchasing an additional 305 shares during the period. Harbour Capital Advisors LLC increased its position in Under Armour by 665.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 5,363 shares of the company’s stock valued at $266,000 after purchasing an additional 4,662 shares during the period. Pacer Advisors Inc. increased its position in Under Armour by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after purchasing an additional 220 shares during the period. First Mercantile Trust Co. acquired a new stake in Under Armour during the 2nd quarter valued at approximately $141,000. Finally, Great Lakes Advisors LLC acquired a new stake in Under Armour during the 2nd quarter valued at approximately $202,000. 30.25% of the stock is owned by institutional investors and hedge funds.
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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