Under Armour, Inc. (UA) Given a $14.00 Price Target at Buckingham Research
Under Armour, Inc. (NYSE:UA) received a $14.00 price target from equities researchers at Buckingham Research in a report released on Tuesday. The firm presently has a “sell” rating on the stock. Buckingham Research’s price objective indicates a potential downside of 5.02% from the stock’s current price.
A number of other brokerages also recently weighed in on UA. Jefferies Group LLC restated a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research note on Thursday, September 7th. Vetr downgraded Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 target price on the stock. in a research note on Wednesday, September 13th. Wells Fargo & Company downgraded Under Armour from a “market perform” rating to a “sell” rating and cut their target price for the stock from $17.00 to $13.00 in a research note on Tuesday, September 19th. BidaskClub downgraded Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Sanford C. Bernstein initiated coverage on Under Armour in a research note on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 target price on the stock. Nine investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Under Armour presently has an average rating of “Hold” and a consensus target price of $17.99.
Under Armour (UA) traded down 14.65% during mid-day trading on Tuesday, hitting $12.58. The stock had a trading volume of 19,349,129 shares. The firm’s 50-day moving average price is $15.33 and its 200-day moving average price is $17.39. Under Armour has a 1-year low of $12.36 and a 1-year high of $29.53. The stock has a market cap of $5.55 billion, a PE ratio of 25.47 and a beta of 1.15.
Under Armour (NYSE:UA) last announced its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. The firm had revenue of $1.09 billion for the quarter. On average, equities analysts expect that Under Armour will post $0.37 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of UA. Paloma Partners Management Co lifted its stake in Under Armour by 100.1% in the first quarter. Paloma Partners Management Co now owns 59,524 shares of the company’s stock valued at $1,178,000 after purchasing an additional 29,772 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Under Armour by 8.0% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 32,478 shares of the company’s stock worth $642,000 after acquiring an additional 2,400 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of Under Armour by 213.1% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 30,102 shares of the company’s stock worth $607,000 after acquiring an additional 20,489 shares in the last quarter. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Under Armour during the second quarter worth $3,525,000. Finally, CWM LLC lifted its position in shares of Under Armour by 1.4% during the second quarter. CWM LLC now owns 29,107 shares of the company’s stock worth $587,000 after acquiring an additional 392 shares in the last quarter. Institutional investors and hedge funds own 30.27% 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.
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