A number of other research analysts also recently weighed in on UA. Canaccord Genuity reaffirmed a hold rating and issued a $18.00 target price (down previously from $21.00) on shares of Under Armour in a research report on Thursday, August 3rd. Forward View set a $17.00 target price on shares of Under Armour and gave the company a hold rating in a research report on Sunday, August 13th. Wells Fargo & Company reaffirmed a market perform rating and issued a $17.00 target price on shares of Under Armour in a research report on Wednesday, August 2nd. Credit Suisse Group reaffirmed an underperform rating and issued a $17.00 target price on shares of Under Armour in a research report on Wednesday, August 2nd. Finally, Vetr downgraded shares of Under Armour from a strong-buy rating to a buy rating and set a $18.82 target price for the company. in a research report on Thursday, August 10th. Nine research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $18.87.
Shares of Under Armour (NYSE UA) opened at 16.25 on Tuesday. The company has a 50 day moving average of $16.40 and a 200 day moving average of $18.14. Under Armour has a 1-year low of $14.98 and a 1-year high of $34.94. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 32.89 and a beta of 1.08.
Under Armour (NYSE:UA) last released its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.04. The business had revenue of $1.09 billion during the quarter. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. On average, equities analysts forecast that Under Armour will post $0.38 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Under Armour, Inc. (UA) Now Covered by Analysts at Sanford C. Bernstein” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://sportsperspectives.com/2017/09/13/under-armour-inc-ua-now-covered-by-analysts-at-sanford-c-bernstein.html.
A number of hedge funds have recently made changes to their positions in UA. Harris Associates L P acquired a new stake in Under Armour in the second quarter valued at $22,967,000. American Century Companies Inc. acquired a new stake in Under Armour in the second quarter valued at $19,429,000. Contrarius Investment Management Ltd acquired a new stake in Under Armour in the second quarter valued at $17,656,000. Bank of Nova Scotia lifted its stake in Under Armour by 113.5% in the second quarter. Bank of Nova Scotia now owns 849,264 shares of the company’s stock valued at $17,121,000 after acquiring an additional 451,485 shares during the last quarter. Finally, CQS Cayman LP lifted its stake in Under Armour by 696.2% in the second quarter. CQS Cayman LP now owns 505,449 shares of the company’s stock valued at $10,190,000 after acquiring an additional 441,970 shares during the last quarter. Hedge funds and other institutional investors own 31.01% 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.