Under Armour Inc (NYSE:UAA) – Stock analysts at B. Riley cut their Q4 2019 EPS estimates for shares of Under Armour in a report released on Monday, November 4th. B. Riley analyst S. Anderson now anticipates that the company will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.13. B. Riley also issued estimates for Under Armour’s Q3 2020 earnings at $0.25 EPS and Q4 2020 earnings at $0.09 EPS.
Several other research firms have also recently issued reports on UAA. Robert W. Baird cut shares of Under Armour from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $31.00 to $20.00 in a report on Tuesday. Telsey Advisory Group decreased their price objective on shares of Under Armour from $23.00 to $19.00 and set a “market perform” rating for the company in a report on Tuesday. Wedbush decreased their price objective on shares of Under Armour from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday. Raymond James started coverage on shares of Under Armour in a report on Tuesday. They issued an “outperform” rating for the company. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $25.00 price objective on shares of Under Armour in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.56.
Under Armour stock opened at $18.17 on Wednesday. The firm has a 50 day simple moving average of $19.97 and a 200-day simple moving average of $22.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.83 and a quick ratio of 1.11. The stock has a market capitalization of $9.54 billion, a PE ratio of 67.30, a price-to-earnings-growth ratio of 2.25 and a beta of 0.61. Under Armour has a 12-month low of $16.52 and a 12-month high of $27.72.
Under Armour (NYSE:UAA) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Under Armour had a net margin of 1.62% and a return on equity of 7.86%. The business’s revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share.
Large investors have recently modified their holdings of the stock. Patten & Patten Inc. TN acquired a new position in Under Armour in the 2nd quarter worth approximately $319,000. Xact Kapitalforvaltning AB boosted its stake in Under Armour by 27.1% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 34,467 shares of the company’s stock worth $874,000 after purchasing an additional 7,343 shares during the period. SevenBridge Financial Group LLC boosted its stake in Under Armour by 140.4% in the 2nd quarter. SevenBridge Financial Group LLC now owns 6,737 shares of the company’s stock worth $171,000 after purchasing an additional 3,935 shares during the period. Legacy Financial Strategies LLC acquired a new position in Under Armour in the 2nd quarter worth approximately $238,000. Finally, KG&L Capital Management LLC boosted its stake in Under Armour by 2.2% in the 2nd quarter. KG&L Capital Management LLC now owns 106,939 shares of the company’s stock worth $2,710,000 after purchasing an additional 2,305 shares during the period. Hedge funds and other institutional investors own 38.61% of the company’s stock.
Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.
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