Guggenheim started coverage on shares of Under Armour Inc. (NYSE:UA) in a research report report published on Friday morning. The brokerage issued a buy rating and a $38.60 target price on the apparel retailer’s stock.
A number of other analysts also recently weighed in on the stock. DA Davidson reaffirmed a buy rating and set a $48.00 price target on shares of Under Armour in a report on Monday, July 18th. Vetr downgraded shares of Under Armour from a strong-buy rating to a buy rating and set a $44.22 price target for the company. in a report on Monday, August 8th. Canaccord Genuity set a $65.00 price target on shares of Under Armour and gave the stock a buy rating in a report on Thursday, July 21st. William Blair reaffirmed an outperform rating on shares of Under Armour in a report on Thursday, August 18th. Finally, Robert W. Baird reaffirmed an outperform rating and set a $55.00 price target on shares of Under Armour in a report on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $56.85.
Shares of Under Armour (NYSE:UA) opened at 38.41 on Friday. Under Armour has a 12-month low of $31.61 and a 12-month high of $52.37. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 98.99 and a beta of 0.39. The firm’s 50-day moving average is $39.96 and its 200-day moving average is $40.24.
Under Armour (NYSE:UA) last announced its 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. Under Armour had a return on equity of 13.79% and a net margin of 5.24%. The business had revenue of $1 million for the quarter, compared to analyst estimates of $995.14 million. During the same quarter in the previous year, the company earned $0.07 EPS. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. Analysts predict that Under Armour will post $0.58 earnings per share for the current fiscal year.
In other news, CRO Karl-Heinz Maurath sold 54,632 shares of Under Armour stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $43.34, for a total value of $2,367,750.88. Following the completion of the transaction, the executive now owns 25,840 shares in the company, valued at $1,119,905.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas E. Coltharp sold 6,648 shares of Under Armour stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $41.78, for a total transaction of $277,753.44. Following the completion of the transaction, the director now owns 61,720 shares of the company’s stock, valued at approximately $2,578,661.60. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. boosted its position in shares of Under Armour by 211.1% in the second quarter. Baillie Gifford & Co. now owns 13,941,697 shares of the apparel retailer’s stock valued at $559,480,000 after buying an additional 9,460,529 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Under Armour by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,540,396 shares of the apparel retailer’s stock valued at $385,162,000 after buying an additional 31,810 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Under Armour by 13,607.6% in the first quarter. Wellington Management Group LLP now owns 1,863,417 shares of the apparel retailer’s stock valued at $158,073,000 after buying an additional 1,849,823 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Under Armour by 318.8% in the first quarter. UBS Asset Management Americas Inc. now owns 1,672,152 shares of the apparel retailer’s stock valued at $141,848,000 after buying an additional 1,272,879 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Under Armour by 6.5% in the first quarter. Geode Capital Management LLC now owns 1,513,607 shares of the apparel retailer’s stock valued at $128,146,000 after buying an additional 91,779 shares in the last quarter. Hedge funds and other institutional investors own 36.56% of the company’s stock.
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.
Receive News & Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related companies with MarketBeat.com's FREE daily email newsletter.