ValuEngine Upgrades Under Armour, Inc. (UA) to “Hold”
Under Armour, Inc. (NYSE:UA) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday.
A number of other brokerages have also recently weighed in on UA. KeyCorp upgraded shares of Under Armour to an “overweight” rating in a research report on Monday, September 25th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Under Armour in a research note on Friday, September 22nd. Wells Fargo & Company lowered shares of Under Armour from a “market perform” rating to a “sell” rating and decreased their price objective for the stock from $17.00 to $13.00 in a report on Tuesday, September 19th. Vetr lowered shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 price objective on the stock. in a report on Wednesday, September 13th. Finally, Sanford C. Bernstein initiated coverage on shares of Under Armour in a research report on Tuesday, September 12th. They set an “underperform” rating and a $14.00 price objective for the company. Nine analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.38.
Under Armour (NYSE:UA) opened at 15.26 on Monday. The company has a market cap of $6.73 billion, a PE ratio of 30.89 and a beta of 1.15. The company has a 50-day moving average price of $15.69 and a 200 day moving average price of $17.82. Under Armour has a 52 week low of $14.80 and a 52 week high of $34.20.
Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating 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. On average, equities research analysts forecast that Under Armour will post $0.38 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in UA. Pacer Advisors Inc. boosted its holdings in 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 purchasing an additional 220 shares during the period. First Mercantile Trust Co. purchased a new stake in Under Armour during the 2nd quarter worth about $141,000. Great Lakes Advisors LLC purchased a new stake in Under Armour during the 2nd quarter worth about $202,000. Cetera Investment Advisers purchased a new stake in Under Armour during the 2nd quarter worth about $215,000. Finally, Delta Lloyd Asset Management N.V. purchased a new stake in Under Armour during the 2nd quarter worth about $218,000. Institutional investors and hedge funds own 30.25% 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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