The Vetr Inc. Upgrades Under Armour Inc (UAA) to Strong-Buy

The Vetr Inc. Upgrades Under Armour Inc (UAA) to Strong-Buy

Other equities analysts also recently issued reports about the company. Susquehanna Bancshares Inc downgraded Under Armour in a report on Monday, February 20th. Canaccord Genuity set a $44.00 price objective on Under Armour and gave the stock a “buy” rating in a report on Sunday, January 15th. Barclays PLC set a $50.00 price objective on Under Armour and gave the stock a “buy” rating in a report on Friday, January 27th. CLSA started coverage on Under Armour in a report on Thursday, January 19th. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, B. Riley restated a “buy” rating and issued a $41.00 price objective on shares of Under Armour in a report on Wednesday, February 1st. Eight research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $24.86.

Under Armour Inc (NYSE:UAA) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday, May 15th. The brokerage currently has a $22.90 target price on the stock. Vetr‘s price target indicates a potential upside of 13.87% from the company’s previous close.

Shares of Under Armour (NYSE UAA) opened at 20.11 on Monday. Under Armour has a 12 month low of $18.35 and a 12 month high of $44.68. The company’s 50 day moving average price is $19.96 and its 200-day moving average price is $23.99. The firm has a market capitalization of $8.85 billion and a P/E ratio of 50.78.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, April 27th. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. The company’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts predict that Under Armour will post $0.43 earnings per share for the current fiscal year. In other Under Armour news, insider Kerry D. Chandler sold 5,921 shares of Under Armour stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $21.38, for a total transaction of $126,590.98. Following the sale, the insider now owns 12,803 shares of the company’s stock, valued at approximately $273,728.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A B. Krongard sold 4,799 shares of Under Armour stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $21.33, for a total value of $102,362.67. Following the sale, the director now directly owns 116,297 shares in the company, valued at approximately $2,480,615.01. The disclosure for this sale can be found here. Insiders have sold a total of 15,519 shares of company stock worth $331,652 in the last ninety days.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UAA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view Vetr’s full report, visit Vetr’s official website.

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