Jefferies Group LLC restated their buy rating on shares of Under Armour, Inc. (NYSE:UAA) in a research report sent to investors on Friday. The brokerage currently has a $28.00 price target on the stock.
UAA has been the subject of a number of other reports. Vetr upgraded Under Armour from a hold rating to a buy rating and set a $22.36 price objective for the company in a research report on Monday, July 10th. Zacks Investment Research upgraded Under Armour from a hold rating to a buy rating and set a $24.00 price objective for the company in a research report on Tuesday, July 4th. OTR Global restated a negative rating on shares of Under Armour in a research report on Tuesday, July 18th. Raymond James Financial, Inc. restated an underperform rating on shares of Under Armour in a research report on Friday, July 7th. Finally, Wells Fargo & Company restated a market perform rating and issued a $17.00 price objective on shares of Under Armour in a research report on Wednesday, August 2nd. Fourteen equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have assigned a buy rating to the company’s stock. Under Armour has a consensus rating of Hold and a consensus target price of $19.68.
Under Armour (NYSE UAA) traded down 2.18% during midday trading on Friday, reaching $16.19. 4,235,729 shares of the company traded hands. The firm has a 50-day moving average of $16.83 and a 200-day moving average of $19.18. Under Armour has a 1-year low of $15.92 and a 1-year high of $39.12. The stock has a market capitalization of $7.14 billion, a P/E ratio of 32.77 and a beta of -0.02.
Under Armour (NYSE:UAA) last announced its quarterly earnings results 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 return on equity of 10.93% and a net margin of 4.38%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Under Armour will post $0.37 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC purchased a new position in Under Armour during the second quarter worth $1,101,000. Achmea Investment Management B.V. purchased a new position in Under Armour during the second quarter worth $327,000. Aldebaran Financial Inc. increased its position in Under Armour by 8.3% during the second quarter. Aldebaran Financial Inc. now owns 27,310 shares of the company’s stock worth $594,000 after buying an additional 2,090 shares in the last quarter. Sentry Investment Management LLC purchased a new position in Under Armour during the second quarter worth $297,000. Finally, WFG Advisors LP purchased a new position in Under Armour during the second quarter worth $132,000. 30.47% of the stock is owned by institutional investors.
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.