Shares of Under Armour Inc. (NYSE:UA) have been given a consensus recommendation of “Buy” by the thirty-seven analysts that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation, twenty-one have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $55.00.
Several analysts have issued reports on UA shares. Canaccord Genuity reiterated a “buy” rating and issued a $65.00 target price on shares of Under Armour in a research note on Friday, June 10th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Under Armour in a research note on Wednesday, June 15th. Brean Capital reiterated a “hold” rating on shares of Under Armour in a research note on Thursday, June 16th. Buckingham Research upgraded shares of Under Armour from a “neutral” rating to a “buy” rating and increased their target price for the stock from $37.22 to $37.85 in a research note on Monday, June 20th. Finally, Zacks Investment Research upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Monday, June 27th.
In other Under Armour news, Director Douglas E. Coltharp sold 6,648 shares of Under Armour stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $41.78, for a total transaction of $277,753.44. Following the transaction, the director now owns 61,720 shares of the company’s stock, valued at $2,578,661.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Byron K. Adams, Jr. sold 34,726 shares of Under Armour stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $40.00, for a total transaction of $1,389,040.00. Following the transaction, the director now directly owns 46,293 shares in the company, valued at approximately $1,851,720. The disclosure for this sale can be found here. Corporate insiders own 16.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Carnick & Kubik LLC purchased a new position in shares of Under Armour during the first quarter valued at $140,000. Boothbay Fund Management LLC purchased a new position in shares of Under Armour during the first quarter valued at $204,000. Adell Harriman & Carpenter Inc. purchased a new position in shares of Under Armour during the first quarter valued at $212,000. Canada Pension Plan Investment Board increased its position in shares of Under Armour by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the apparel retailer’s stock valued at $212,000 after buying an additional 1,200 shares in the last quarter. Finally, Mariner Wealth Advisors LLC increased its position in shares of Under Armour by 8.6% in the first quarter. Mariner Wealth Advisors LLC now owns 3,018 shares of the apparel retailer’s stock valued at $256,000 after buying an additional 240 shares in the last quarter. 36.56% of the stock is currently owned by institutional investors and hedge funds.
Under Armour (NYSE:UA) opened at 37.82 on Tuesday. The company has a 50-day moving average of $39.85 and a 200-day moving average of $40.22. The company has a market capitalization of $16.54 billion, a PE ratio of 97.47 and a beta of 0.39. Under Armour has a 52 week low of $31.61 and a 52 week high of $52.37.
Under Armour (NYSE:UA) last announced its quarterly earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The business had revenue of $1 million for the quarter, compared to analysts’ expectations of $995.14 million. Under Armour had a net margin of 5.24% and a return on equity of 13.79%. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, equities research analysts anticipate that Under Armour will post $0.58 EPS for the current year.
Under Armour Company Profile
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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