Under Armour Inc. (NYSE:UA)‘s stock had its “outperform” rating reiterated by stock analysts at Robert W. Baird in a research note issued on Sunday. They currently have a $55.00 target price on the apparel retailer’s stock. Robert W. Baird’s price objective indicates a potential upside of 39.42% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Brean Capital reaffirmed a “hold” rating on shares of Under Armour in a research note on Thursday. Canaccord Genuity set a $65.00 target price on shares of Under Armour and gave the company a “buy” rating in a research note on Saturday, September 17th. Bank of America Corp. set a $54.00 target price on shares of Under Armour and gave the company a “buy” rating in a research note on Saturday, September 17th. Nomura assumed coverage on shares of Under Armour in a research note on Tuesday, September 13th. They issued a “neutral” rating and a $38.00 target price on the stock. Finally, Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating and increased their target price for the company from $31.61 to $41.56 in a research note on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $59.89.
Shares of Under Armour (NYSE:UA) traded down 1.13% on Friday, reaching $39.45. 3,365,546 shares of the company were exchanged. The company’s 50-day moving average is $40.38 and its 200-day moving average is $40.37. The company has a market capitalization of $17.25 billion, a price-to-earnings ratio of 101.68 and a beta of 0.47. Under Armour has a 52 week low of $31.61 and a 52 week high of $52.37.
Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 earnings per share (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%. Under Armour’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 EPS. On average, equities analysts expect that Under Armour will post $0.58 EPS for the current fiscal year.
In other Under Armour news, Director Byron K. Adams, Jr. sold 34,726 shares of Under Armour stock in a transaction 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 sale, the director now owns 46,293 shares of the company’s stock, valued at approximately $1,851,720. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas E. Coltharp sold 6,648 shares of Under Armour stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $41.78, for a total transaction of $277,753.44. Following the sale, the director now directly owns 61,720 shares in the company, valued at approximately $2,578,661.60. The disclosure for this sale can be found here. Company insiders own 16.50% of the company’s stock.
Large investors have recently made changes to their positions in the company. Carnick & Kubik LLC acquired a new stake in shares of Under Armour during the first quarter valued at about $140,000. Tredje AP fonden raised its position in Under Armour by 710.0% in the second quarter. Tredje AP fonden now owns 4,050 shares of the apparel retailer’s stock valued at $163,000 after buying an additional 3,550 shares in the last quarter. Geduld E E bought a new position in Under Armour during the second quarter valued at approximately $201,000. Boothbay Fund Management LLC bought a new position in Under Armour during the first quarter valued at approximately $204,000. Finally, Prospera Financial Services Inc raised its position in Under Armour by 34.9% in the second quarter. Prospera Financial Services Inc now owns 5,121 shares of the apparel retailer’s stock valued at $206,000 after buying an additional 1,325 shares in the last quarter. 36.56% of the stock is currently 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.
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