Under Armour (NYSE:UA) Receives Sell Rating from Susquehanna Bancshares

Susquehanna Bancshares reissued their sell rating on shares of Under Armour (NYSE:UA) in a research report released on Tuesday morning, Stock Target Advisor reports. Susquehanna Bancshares currently has a $14.00 target price on the stock.

Several other analysts also recently commented on UA. BMO Capital Markets assumed coverage on shares of Under Armour in a report on Monday, February 3rd. They issued a sell rating and a $18.00 target price for the company. William Blair reiterated a hold rating on shares of Under Armour in a report on Friday, January 31st. Piper Sandler downgraded shares of Under Armour to a hold rating and set a $19.00 target price for the company. in a report on Tuesday. Raymond James upgraded shares of Under Armour to a buy rating and set a $30.00 target price for the company in a report on Wednesday, November 27th. Finally, ValuEngine upgraded shares of Under Armour from a sell rating to a hold rating in a report on Tuesday, January 7th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $21.83.

Shares of UA stock opened at $15.45 on Tuesday. The firm has a 50-day moving average of $18.25 and a 200-day moving average of $17.90. The company has a market cap of $6.83 billion, a P/E ratio of 61.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.05 and a quick ratio of 1.29. Under Armour has a one year low of $15.02 and a one year high of $24.55.

Under Armour (NYSE:UA) last announced its earnings results on Tuesday, February 11th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $1.44 billion during the quarter. Under Armour had a net margin of 2.14% and a return on equity of 7.24%. As a group, research analysts expect that Under Armour will post 0.35 earnings per share for the current fiscal year.

In related news, insider Kevin Eskridge sold 19,348 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $15.84, for a total transaction of $306,472.32. Following the completion of the sale, the insider now owns 174,412 shares in the company, valued at $2,762,686.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Under Armour by 2.0% during the second quarter. BlackRock Inc. now owns 12,138,606 shares of the company’s stock valued at $269,478,000 after purchasing an additional 242,747 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Under Armour by 230.0% during the second quarter. Macquarie Group Ltd. now owns 3,300 shares of the company’s stock valued at $81,000 after purchasing an additional 2,300 shares during the last quarter. Cerebellum GP LLC grew its stake in shares of Under Armour by 17.0% during the third quarter. Cerebellum GP LLC now owns 17,882 shares of the company’s stock valued at $324,000 after purchasing an additional 2,598 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Under Armour by 10.1% during the third quarter. Pacer Advisors Inc. now owns 20,000 shares of the company’s stock valued at $363,000 after purchasing an additional 1,839 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in shares of Under Armour by 96.7% during the third quarter. Valeo Financial Advisors LLC now owns 2,016 shares of the company’s stock valued at $37,000 after purchasing an additional 991 shares during the last quarter. Institutional investors and hedge funds own 34.60% 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 and cold.

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Analyst Recommendations for Under Armour (NYSE:UA)

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