Under Armour, Inc. (UAA) Stock Rating Upgraded by UBS AG
Under Armour, Inc. (NYSE:UAA) was upgraded by UBS AG to a “neutral” rating in a research note issued on Tuesday.
Other analysts also recently issued reports about the stock. Telsey Advisory Group dropped their target price on shares of Under Armour from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, August 2nd. FBR & Co reiterated an “underperform” rating and issued a $14.00 target price on shares of Under Armour in a report on Wednesday, August 2nd. Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 target price on the stock. in a report on Monday, July 17th. Canaccord Genuity dropped their target price on shares of Under Armour from $21.00 to $18.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd. Finally, Buckingham Research dropped their target price on shares of Under Armour from $15.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, August 2nd. Nineteen equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.18.
Shares of Under Armour (NYSE:UAA) opened at $12.02 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. Under Armour has a fifty-two week low of $11.40 and a fifty-two week high of $33.45. The company has a market cap of $5,119.86, a P/E ratio of 28.32, a P/E/G ratio of 3.44 and a beta of -0.15.
Under Armour (NYSE:UAA) last released its earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. The firm’s revenue was down 4.5% compared to the same quarter last year. analysts predict that Under Armour will post 0.2 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in Under Armour by 29.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,795,182 shares of the company’s stock valued at $29,585,000 after purchasing an additional 408,578 shares during the last quarter. Wellington Shields Capital Management LLC raised its stake in Under Armour by 219.5% during the 3rd quarter. Wellington Shields Capital Management LLC now owns 45,235 shares of the company’s stock valued at $745,000 after purchasing an additional 31,075 shares during the last quarter. Wellington Shields & Co. LLC acquired a new position in Under Armour during the 3rd quarter valued at $989,000. Toronto Dominion Bank raised its stake in shares of Under Armour by 12.1% in the 3rd quarter. Toronto Dominion Bank now owns 70,145 shares of the company’s stock valued at $1,156,000 after buying an additional 7,595 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Under Armour by 40.0% in the 3rd quarter. CIBC Asset Management Inc now owns 29,221 shares of the company’s stock valued at $482,000 after buying an additional 8,356 shares in the last quarter. Hedge funds and other institutional investors own 30.43% of the company’s stock.
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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