Under Armour (NYSE:UAA) was upgraded by stock analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating in a research report issued on Monday, MarketBeat.com reports. The firm presently has a $32.00 price target on the stock, up from their prior price target of $20.00. Piper Jaffray Companies’ price target suggests a potential upside of 37.34% from the stock’s previous close. Piper Jaffray Companies also issued estimates for Under Armour’s FY2018 earnings at $0.22 EPS, Q1 2019 earnings at $0.05 EPS and FY2020 earnings at $0.55 EPS.
UAA has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Telsey Advisory Group upped their target price on shares of Under Armour from $15.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, July 23rd. Buckingham Research upped their target price on shares of Under Armour from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 16th. ValuEngine upgraded shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Finally, Wedbush upped their target price on shares of Under Armour from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, July 20th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.90.
Shares of Under Armour stock opened at $23.30 on Monday. The stock has a market capitalization of $10.55 billion, a PE ratio of 122.63, a P/E/G ratio of 5.29 and a beta of -0.45. 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 has a 1 year low of $11.67 and a 1 year high of $24.69.
Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.13. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Under Armour had a negative net margin of 2.68% and a positive return on equity of 3.96%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS. Sell-side analysts forecast that Under Armour will post 0.22 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAA. Point72 Hong Kong Ltd raised its stake in Under Armour by 813.9% during the second quarter. Point72 Hong Kong Ltd now owns 5,849 shares of the company’s stock worth $131,000 after acquiring an additional 5,209 shares during the period. NEXT Financial Group Inc acquired a new stake in Under Armour during the third quarter worth about $138,000. Exane Derivatives raised its stake in Under Armour by 15,240.0% during the third quarter. Exane Derivatives now owns 6,903 shares of the company’s stock worth $148,000 after acquiring an additional 6,858 shares during the period. Tower Research Capital LLC TRC raised its stake in Under Armour by 119.0% during the second quarter. Tower Research Capital LLC TRC now owns 8,921 shares of the company’s stock worth $201,000 after acquiring an additional 4,848 shares during the period. Finally, Sigma Planning Corp acquired a new stake in Under Armour during the second quarter worth about $210,000. Hedge funds and other institutional investors own 36.86% of the company’s stock.
Under Armour Company Profile
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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