Under Armour (NYSE:UAA) has been assigned a $26.00 price target by analysts at Goldman Sachs Group in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 43.41% from the stock’s previous close.
A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, October 14th. Susquehanna Bancshares decreased their price objective on Under Armour from $16.00 to $14.00 and set a “negative” rating on the stock in a report on Friday, October 18th. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Sanford C. Bernstein upgraded Under Armour from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $16.00 to $17.00 in a report on Tuesday, September 3rd. Finally, Pivotal Research reduced their price target on Under Armour from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $22.06.
UAA stock traded down $0.04 during midday trading on Tuesday, reaching $18.13. The stock had a trading volume of 107,854 shares, compared to its average volume of 5,326,102. The company’s fifty day simple moving average is $19.97 and its 200 day simple moving average is $22.35. The company has a current ratio of 2.05, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 67.85, a price-to-earnings-growth ratio of 1.81 and a beta of 0.61. Under Armour has a 52-week low of $16.52 and a 52-week high of $27.72.
Under Armour (NYSE:UAA) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. Under Armour had a return on equity of 7.24% and a net margin of 2.14%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. Sell-side analysts predict that Under Armour will post 0.34 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Under Armour by 9.4% in the 2nd quarter. Vanguard Group Inc. now owns 20,861,766 shares of the company’s stock worth $528,846,000 after acquiring an additional 1,789,685 shares in the last quarter. BlackRock Inc. grew its position in Under Armour by 4.3% in the 2nd quarter. BlackRock Inc. now owns 12,569,497 shares of the company’s stock worth $318,635,000 after purchasing an additional 515,462 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Under Armour in the 2nd quarter worth about $110,113,000. Northern Trust Corp grew its position in Under Armour by 1.1% in the 2nd quarter. Northern Trust Corp now owns 2,187,646 shares of the company’s stock worth $55,457,000 after purchasing an additional 24,469 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Under Armour by 4.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,735,237 shares of the company’s stock worth $43,989,000 after purchasing an additional 74,781 shares in the last quarter. 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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