Under Armour, Inc. (NYSE:UA)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group LLC in a report issued on Friday. They presently have a $28.00 price objective on the stock. Jefferies Group LLC’s price target points to a potential upside of 66.67% from the company’s previous close.
Several other equities research analysts also recently weighed in on the company. Vetr downgraded Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.82 price target for the company. in a report on Thursday. Canaccord Genuity reissued a “hold” rating and issued a $18.00 price target (down previously from $21.00) on shares of Under Armour in a report on Thursday, August 3rd. Buckingham Research set a $14.00 price target on Under Armour and gave the stock a “sell” rating in a report on Thursday, August 3rd. KeyCorp reissued a “hold” rating on shares of Under Armour in a report on Wednesday, August 2nd. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $17.00 price target on shares of Under Armour in a report on Wednesday, August 2nd. Eight investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Under Armour currently has a consensus rating of “Hold” and an average target price of $18.99.
Under Armour (NYSE:UA) opened at 16.80 on Friday. Under Armour has a 52-week low of $16.02 and a 52-week high of $42.94. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 34.01 and a beta of 0.78. The stock has a 50 day moving average of $18.41 and a 200-day moving average of $18.83.
Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion during the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. On average, equities research analysts anticipate that Under Armour will post $0.38 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in shares of Under Armour by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after buying an additional 220 shares in the last quarter. First Mercantile Trust Co. bought a new position in shares of Under Armour during the second quarter valued at $141,000. Private Capital Management Inc. bought a new position in shares of Under Armour during the first quarter valued at $158,000. Compton Capital Management Inc. RI boosted its position in shares of Under Armour by 1.5% in the first quarter. Compton Capital Management Inc. RI now owns 10,156 shares of the company’s stock valued at $201,000 after buying an additional 150 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Under Armour during the second quarter valued at $202,000. Institutional investors own 56.34% 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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