Vetr cut shares of Under Armour, Inc. (NYSE:UA) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning. The brokerage currently has $18.79 target price on the stock.
Several other equities research analysts have also recently commented on the stock. Jefferies Group LLC reissued a buy rating and set a $28.00 price target on shares of Under Armour in a research report on Friday, May 19th. Berenberg Bank started coverage on shares of Under Armour in a research report on Tuesday, May 16th. They set a hold rating and a $20.00 price target on the stock. BidaskClub raised shares of Under Armour from a sell rating to a hold rating in a research report on Friday, June 9th. ValuEngine lowered shares of Under Armour from a hold rating to a sell rating in a research note on Saturday, June 3rd. Finally, Credit Suisse Group set a $17.00 price objective on shares of Under Armour and gave the stock a sell rating in a research note on Wednesday, June 14th. Nine research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $18.60.
Under Armour (UA) opened at 16.46 on Wednesday. Under Armour has a 52-week low of $14.98 and a 52-week high of $34.94. The firm’s 50-day moving average is $16.25 and its 200 day moving average is $18.07. The firm has a market capitalization of $7.26 billion, a P/E ratio of 33.32 and a beta of 1.08.
Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The firm had revenue of $1.09 billion for the quarter. Equities analysts anticipate that Under Armour will post $0.38 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This news story was first published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://transcriptdaily.com/2017/09/17/under-armour-inc-ua-downgraded-by-vetr-inc.html.
A number of institutional investors and hedge funds have recently made changes to their positions in UA. Pacer Advisors Inc. grew its stake in Under Armour by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after buying an additional 220 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Under Armour in the 2nd quarter valued at about $141,000. Great Lakes Advisors LLC acquired a new position in Under Armour in the 2nd quarter valued at about $202,000. Cetera Investment Advisers acquired a new position in Under Armour in the 2nd quarter valued at about $215,000. Finally, Delta Lloyd Asset Management N.V. acquired a new position in Under Armour in the 2nd quarter valued at about $218,000. Institutional investors and hedge funds own 31.01% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related companies with MarketBeat.com's FREE daily email newsletter.