Under Armour, Inc. (UAA) Stock Rating Reaffirmed by Cowen and Company
UAA has been the topic of several other research reports. Zacks Investment Research raised shares of Under Armour from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research report on Tuesday, July 4th. OTR Global reaffirmed a negative rating on shares of Under Armour in a research report on Tuesday, July 18th. Vetr lowered shares of Under Armour from a buy rating to a hold rating and set a $21.99 price objective on the stock. in a research report on Monday, June 12th. Credit Suisse Group reaffirmed an underperform rating and set a $17.00 price objective on shares of Under Armour in a research report on Wednesday, August 2nd. Finally, Raymond James Financial, Inc. reaffirmed an underperform rating on shares of Under Armour in a research report on Friday, July 7th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have assigned a buy rating to the company’s stock. Under Armour presently has a consensus rating of Hold and an average target price of $19.97.
Shares of Under Armour (UAA) opened at 16.47 on Friday. Under Armour has a 1-year low of $15.92 and a 1-year high of $39.20. The stock has a market capitalization of $7.26 billion, a P/E ratio of 33.34 and a beta of -0.02. The firm’s 50-day moving average is $16.95 and its 200 day moving average is $19.32.
Under Armour (NYSE:UAA) last issued 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. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The company’s revenue was up 8.7% on a year-over-year basis. On average, analysts expect that Under Armour will post $0.37 EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. bought a new stake in Under Armour during the 2nd quarter worth about $532,573,000. Vanguard Group Inc. bought a new stake in Under Armour during the 2nd quarter worth about $393,172,000. BlackRock Inc. bought a new stake in Under Armour during the 2nd quarter worth about $238,861,000. State Street Corp bought a new stake in Under Armour during the 2nd quarter worth about $157,325,000. Finally, Bamco Inc. NY bought a new stake in Under Armour during the 2nd quarter worth about $151,334,000. 30.48% 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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