Shares of Under Armour, Inc. (NYSE:UAA) have been assigned an average rating of “Hold” from the forty-one analysts that are covering the firm, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $21.17.
Several brokerages have weighed in on UAA. Vetr raised shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $22.90 target price for the company in a research note on Monday, May 15th. Deutsche Bank AG lowered shares of Under Armour from a “hold” rating to a “sell” rating and lowered their target price for the stock from $20.27 to $17.00 in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a $18.00 target price on shares of Under Armour in a research note on Thursday, August 24th. Finally, Buckingham Research reaffirmed an “underperform” rating and set a $15.00 target price on shares of Under Armour in a research note on Thursday, July 27th.
Under Armour (NYSE UAA) traded up 0.52% during trading on Thursday, hitting $17.42. 4,659,709 shares of the company were exchanged. Under Armour has a 12 month low of $15.92 and a 12 month high of $40.14. The stock’s 50-day moving average is $18.08 and its 200-day moving average is $19.75. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 35.26 and a beta of -0.04.
Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities research analysts anticipate that Under Armour will post $0.38 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in UAA. Nomura Asset Management Co. Ltd. acquired a new position in shares of Under Armour in the 1st quarter valued at $405,000. Private Asset Management Inc. purchased a new position in Under Armour in the 2nd quarter valued at $923,000. DnB Asset Management AS purchased a new position in Under Armour in the 2nd quarter valued at $405,000. Xact Kapitalforvaltning AB purchased a new position in Under Armour in the 2nd quarter valued at $474,000. Finally, Burns J W & Co. Inc. NY purchased a new position in Under Armour in the 2nd quarter valued at $480,000. 30.53% of the stock is currently owned by institutional investors and hedge funds.
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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