Under Armour, Inc. (UA) Lowered to “Neutral” at B. Riley

Under Armour, Inc. (UA) Lowered to “Neutral” at B. Riley

Under Armour, Inc. (NYSE:UA) was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating in a report released on Wednesday. They currently have a $22.00 price target on the stock, down from their previous price target of $41.00. B. Riley’s target price points to a potential upside of 14.46% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Cowen and Company reiterated a “market perform” rating on shares of Under Armour in a research report on Tuesday, January 10th. Canaccord Genuity set a $44.00 target price on Under Armour and gave the stock a “buy” rating in a research report on Sunday, January 15th. Barclays PLC set a $50.00 target price on Under Armour and gave the stock a “buy” rating in a research report on Friday, January 27th. CLSA began coverage on Under Armour in a research report on Thursday, January 19th. They set a “buy” rating and a $37.00 target price on the stock. Finally, KeyCorp reiterated an “equal weight” rating on shares of Under Armour in a research report on Thursday, December 29th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. Under Armour has an average rating of “Hold” and an average target price of $29.06.

Under Armour (NYSE:UA) opened at 19.22 on Wednesday. The stock has a market cap of $8.42 billion and a P/E ratio of 42.71. The company’s 50-day moving average price is $25.67 and its 200-day moving average price is $30.65. Under Armour has a 12 month low of $18.52 and a 12 month high of $46.20.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, January 31st. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Equities analysts forecast that Under Armour will post $0.60 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. LMR Partners LLP boosted its stake in shares of Under Armour by 163.8% in the second quarter. LMR Partners LLP now owns 21,284 shares of the company’s stock worth $854,000 after buying an additional 13,217 shares during the period. Essex Financial Services Inc. boosted its stake in shares of Under Armour by 22.4% in the second quarter. Essex Financial Services Inc. now owns 8,620 shares of the company’s stock worth $346,000 after buying an additional 1,575 shares during the period. First Citizens Bank & Trust Co. boosted its stake in shares of Under Armour by 34.2% in the second quarter. First Citizens Bank & Trust Co. now owns 16,790 shares of the company’s stock worth $674,000 after buying an additional 4,275 shares during the period. Concert Wealth Management Inc. boosted its stake in shares of Under Armour by 15.3% in the second quarter. Concert Wealth Management Inc. now owns 6,759 shares of the company’s stock worth $268,000 after buying an additional 897 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management bought a new stake in shares of Under Armour during the second quarter worth approximately $970,000. Hedge funds and other institutional investors own 60.12% 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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