Under Armour (UAA) Upgraded by OTR Global to Mixed

Under Armour (NYSE:UAA) was upgraded by OTR Global from a “negative” rating to a “mixed” rating in a research report issued to clients and investors on Thursday.

Several other brokerages have also weighed in on UAA. Pivotal Research lifted their price objective on Under Armour from $20.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, October 31st. Wells Fargo & Co raised Under Armour from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $22.00 to $23.00 in a report on Friday, November 30th. Telsey Advisory Group reissued a “market perform” rating and set a $22.00 price objective on shares of Under Armour in a report on Wednesday, October 24th. Credit Suisse Group lifted their price objective on Under Armour from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Finally, Stifel Nicolaus raised their target price on Under Armour from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Monday, November 5th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.60.

Shares of NYSE:UAA opened at $19.67 on Thursday. Under Armour has a 1-year low of $12.50 and a 1-year high of $24.96. The company has a market cap of $8.62 billion, a PE ratio of 103.53, a PEG ratio of 2.48 and a beta of 0.06. The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.13. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm earned $0.22 EPS. Under Armour’s revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts expect that Under Armour will post 0.22 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Under Armour by 102.8% in the 3rd quarter. Vanguard Group Inc. now owns 38,049,952 shares of the company’s stock valued at $773,692,000 after purchasing an additional 19,284,810 shares during the last quarter. Vanguard Group Inc raised its position in shares of Under Armour by 0.6% during the third quarter. Vanguard Group Inc now owns 18,886,120 shares of the company’s stock worth $400,763,000 after acquiring an additional 120,978 shares during the last quarter. BlackRock Inc. raised its position in shares of Under Armour by 0.7% during the second quarter. BlackRock Inc. now owns 11,949,678 shares of the company’s stock worth $268,631,000 after acquiring an additional 80,926 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Under Armour by 2.7% during the third quarter. Loomis Sayles & Co. L P now owns 6,011,402 shares of the company’s stock worth $127,562,000 after acquiring an additional 159,625 shares during the last quarter. Finally, FMR LLC raised its position in shares of Under Armour by 0.6% during the third quarter. FMR LLC now owns 3,566,570 shares of the company’s stock worth $75,683,000 after acquiring an additional 21,492 shares during the last quarter. Hedge funds and other institutional investors own 37.57% of the company’s stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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