Under Armour, Inc. (UAA) Rating Reiterated by Jefferies Group LLC
Under Armour, Inc. (NYSE:UAA)‘s stock had its “buy” rating reiterated by Jefferies Group LLC in a report released on Friday. They presently have a $28.00 target price on the stock. Jefferies Group LLC’s price target suggests a potential upside of 50.94% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. FBR & Co restated an “underperform” rating and issued a $14.00 target price on shares of Under Armour in a report on Friday, April 14th. Vetr upgraded shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $22.90 target price on the stock in a report on Monday, May 15th. Deutsche Bank AG lowered shares of Under Armour from a “hold” rating to a “sell” rating and lowered their target price for the stock from $20.27 to $17.00 in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, July 4th. Finally, Credit Suisse Group restated an “underperform” rating and issued a $17.00 target price on shares of Under Armour in a report on Monday, April 24th. Twelve investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $23.29.
Shares of Under Armour (UAA) traded down 0.86% during trading on Friday, hitting $18.55. The stock had a trading volume of 2,414,860 shares. The company has a market capitalization of $8.18 billion, a P/E ratio of 37.55 and a beta of -0.07. Under Armour has a 1-year low of $17.92 and a 1-year high of $43.85. The firm has a 50-day moving average of $20.21 and a 200 day moving average of $20.67.
Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share 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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities research analysts predict that Under Armour will post $0.38 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UAA. D.A. Davidson & CO. acquired a new stake in shares of Under Armour during the second quarter valued at about $118,000. Cornerstone Advisors Inc. acquired a new stake in shares of Under Armour during the second quarter valued at about $124,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Under Armour during the second quarter valued at about $129,000. Global X Management Co. LLC acquired a new stake in shares of Under Armour during the second quarter valued at about $134,000. Finally, Hudock Capital Group LLC acquired a new stake in shares of Under Armour during the second quarter valued at about $134,000. 29.27% of the stock is 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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