Under Armour, Inc. (UAA) PT Lowered to $13.00
Under Armour, Inc. (NYSE:UAA) had its price objective decreased by Nomura from $15.00 to $13.00 in a research note published on Wednesday, August 2nd. Nomura currently has a reduce rating on the stock.
A number of other analysts have also weighed in on the company. Wedbush dropped their price objective on Under Armour from $18.00 to $17.00 and set a neutral rating for the company in a research note on Wednesday, August 2nd. Credit Suisse Group restated an underperform rating and set a $17.00 target price on shares of Under Armour in a report on Wednesday, August 2nd. Deutsche Bank AG restated a sell rating and set a $16.00 target price (down previously from $17.00) on shares of Under Armour in a report on Wednesday, August 2nd. Canaccord Genuity decreased their target price on Under Armour from $21.00 to $18.00 and set a hold rating for the company in a report on Wednesday, August 2nd. Finally, Citigroup Inc. downgraded Under Armour from a buy rating to a neutral rating and decreased their target price for the company from $25.00 to $21.00 in a report on Wednesday, August 2nd. Twelve equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have assigned a buy rating to the company’s stock. Under Armour has an average rating of Hold and an average target price of $23.29.
Shares of Under Armour (NYSE UAA) traded down 0.86% on Wednesday, reaching $18.55. 2,415,545 shares of the company were exchanged. The firm has a market capitalization of $8.18 billion, a PE ratio of 37.55 and a beta of -0.07. The stock’s 50-day moving average is $20.15 and its 200 day moving average is $20.60. Under Armour has a 12-month low of $17.92 and a 12-month high of $43.85.
Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts forecast that Under Armour will post $0.38 EPS for the current year.
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Several institutional investors have recently made changes to their positions in UAA. Baillie Gifford & Co. bought a new position in shares of Under Armour during the second quarter worth approximately $532,573,000. Vanguard Group Inc. bought a new position in shares of Under Armour during the second quarter worth approximately $393,172,000. BlackRock Inc. bought a new position in shares of Under Armour during the second quarter worth approximately $238,861,000. Northern Trust Corp bought a new position in shares of Under Armour during the second quarter worth approximately $44,368,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Under Armour during the second quarter worth approximately $30,172,000. Hedge funds and other institutional investors own 29.27% 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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