Under Armour, Inc. (UAA) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Under Armour, Inc. (NYSE:UAA) have been assigned an average recommendation of “Hold” from the forty-one brokerages that are covering the company, MarketBeat.com reports. Twelve research analysts have rated the stock with a sell recommendation, twenty-two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $19.96.
A number of research analysts recently issued reports on UAA shares. Cowen and Company reissued a “market perform” rating and issued a $18.00 price objective on shares of Under Armour in a research note on Sunday. Vetr upgraded shares of Under Armour from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a research report on Thursday. Guggenheim cut Under Armour from a “buy” rating to a “neutral” rating in a research note on Monday, September 25th. KeyCorp upgraded Under Armour from a “sector weight” rating to an “overweight” rating and upped their target price for the stock from $16.41 to $20.00 in a research note on Monday, September 25th. Finally, Wells Fargo & Company downgraded Under Armour from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $17.00 to $13.00 in a report on Tuesday, September 19th.
Several institutional investors have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC acquired a new position in shares of Under Armour during the second quarter valued at about $1,101,000. Achmea Investment Management B.V. bought a new stake in shares of Under Armour during the second quarter worth about $327,000. Aldebaran Financial Inc. increased its position in shares of Under Armour by 8.3% during 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 in the last quarter. Sentry Investment Management LLC bought a new stake in shares of Under Armour during the second quarter worth about $297,000. Finally, WFG Advisors LP bought a new stake in shares of Under Armour during the second quarter worth about $132,000. 30.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Under Armour (NYSE:UAA) opened at 16.48 on Monday. The company’s 50-day moving average price is $17.60 and its 200-day moving average price is $19.55. The firm has a market capitalization of $7.27 billion, a PE ratio of 33.36 and a beta of -0.04. Under Armour has a 12-month low of $15.92 and a 12-month high of $39.20.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The firm’s revenue was up 8.7% compared to the same quarter last year. Analysts anticipate that Under Armour will post $0.38 EPS for the current year.
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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