Under Armour, Inc. (UAA) Cut to Neutral at DA Davidson
DA Davidson lowered shares of Under Armour, Inc. (NYSE:UAA) from a buy rating to a neutral rating in a research report report published on Tuesday morning. DA Davidson also issued estimates for Under Armour’s Q3 2018 earnings at $0.20 EPS and Q4 2018 earnings at $0.07 EPS.
Several other research firms also recently weighed in on UAA. Zacks Investment Research raised Under Armour from a hold rating to a buy rating and set a $24.00 target price on the stock in a research report on Tuesday, July 4th. Vetr raised Under Armour from a hold rating to a buy rating and set a $22.36 target price on the stock in a research report on Monday, July 3rd. Susquehanna Bancshares Inc boosted their target price on Under Armour from $14.00 to $17.00 in a research report on Friday, July 7th. Raymond James Financial, Inc. reissued an underperform rating on shares of Under Armour in a research report on Friday, July 7th. Finally, OTR Global reissued a negative rating on shares of Under Armour in a research report on Tuesday, July 18th. Nineteen investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the stock. Under Armour currently has an average rating of Hold and an average target price of $17.18.
Under Armour (NYSE UAA) opened at $11.61 on Tuesday. The stock has a market cap of $5,194.83, a price-to-earnings ratio of 28.73, a P/E/G ratio of 3.49 and a beta of -0.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.07.
Under Armour (NYSE:UAA) last released its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. equities analysts anticipate that Under Armour will post 0.2 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. acquired a new position in shares of Under Armour in the second quarter valued at about $118,000. Cornerstone Advisors Inc. acquired a new stake in Under Armour during the second quarter worth about $124,000. Municipal Employees Retirement System of Michigan acquired a new stake in Under Armour during the second quarter worth about $129,000. WFG Advisors LP acquired a new stake in Under Armour during the second quarter worth about $132,000. Finally, Global X Management Co. LLC acquired a new stake in Under Armour during the second quarter worth about $134,000. 30.43% of the stock is currently owned by institutional investors and hedge funds.
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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