ValuEngine Lowers Under Armour (NYSE:UA) to Hold

ValuEngine cut shares of Under Armour (NYSE:UA) from a buy rating to a hold rating in a research report report published on Wednesday, May 8th, ValuEngine reports.

A number of other brokerages also recently weighed in on UA. Pivotal Research reaffirmed a hold rating and issued a $23.00 target price on shares of Under Armour in a research note on Tuesday, April 30th. Canaccord Genuity set a $13.00 price target on shares of Under Armour and gave the stock a sell rating in a research note on Tuesday, March 19th. Finally, B. Riley set a $12.00 price target on shares of Under Armour and gave the stock a sell rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Under Armour presently has an average rating of Hold and a consensus target price of $20.50.

NYSE:UA traded down $0.10 on Wednesday, reaching $20.34. 42,132 shares of the company’s stock were exchanged, compared to its average volume of 2,710,580. Under Armour has a 52 week low of $15.05 and a 52 week high of $23.28. The firm has a market capitalization of $9.18 billion, a PE ratio of 74.96 and a beta of 1.00. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.58.

Under Armour (NYSE:UA) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $1.20 billion for the quarter. Under Armour had a net margin of 0.12% and a return on equity of 7.05%. Analysts anticipate that Under Armour will post 0.35 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. PFG Advisors bought a new stake in Under Armour in the fourth quarter valued at $465,000. Contravisory Investment Management Inc. boosted its holdings in Under Armour by 4.5% in the fourth quarter. Contravisory Investment Management Inc. now owns 23,212 shares of the company’s stock valued at $375,000 after acquiring an additional 998 shares in the last quarter. Vanguard Group Inc boosted its holdings in Under Armour by 1.0% in the third quarter. Vanguard Group Inc now owns 19,163,832 shares of the company’s stock valued at $372,929,000 after acquiring an additional 192,829 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Under Armour by 2.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 273,557 shares of the company’s stock valued at $4,423,000 after acquiring an additional 6,420 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Under Armour by 7.6% in the fourth quarter. Principal Financial Group Inc. now owns 291,459 shares of the company’s stock valued at $4,713,000 after acquiring an additional 20,561 shares in the last quarter. Institutional investors and hedge funds own 32.38% 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 and cold.

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Analyst Recommendations for Under Armour (NYSE:UA)

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