Under Armour (NYSE:UAA) was upgraded by investment analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, January 22nd, Marketbeat reports. The firm presently has a $28.00 target price on the stock, up from their prior target price of $24.00. Goldman Sachs Group’s price target would indicate a potential upside of 32.33% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. OTR Global upgraded shares of Under Armour from a “negative” rating to a “mixed” rating in a research note on Thursday, January 10th. Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Saturday, January 5th. ValuEngine cut shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Atlantic Securities downgraded shares of Under Armour from a “neutral” rating to an “underweight” rating in a report on Wednesday, December 19th. Finally, Citigroup dropped their target price on shares of Under Armour from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, December 17th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given 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 price target of $22.58.
Shares of NYSE UAA traded down $0.67 during mid-day trading on Tuesday, reaching $21.16. The company had a trading volume of 8,897,544 shares, compared to its average volume of 5,749,597. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.97 and a quick ratio of 1.09. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 78.37, a price-to-earnings-growth ratio of 2.88 and a beta of 0.42. Under Armour has a 52-week low of $15.60 and a 52-week high of $24.96.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Under Armour had a negative net margin of 0.89% and a positive return on equity of 6.11%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that Under Armour will post 0.33 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in Under Armour by 0.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 245,501 shares of the company’s stock valued at $4,338,000 after purchasing an additional 878 shares during the last quarter. Millennium Management LLC increased its stake in Under Armour by 162.4% during the fourth quarter. Millennium Management LLC now owns 1,428,073 shares of the company’s stock valued at $25,234,000 after purchasing an additional 883,893 shares during the last quarter. British Airways Pensions Investment Management Ltd bought a new stake in Under Armour during the fourth quarter valued at $4,838,000. Legal & General Group Plc increased its stake in Under Armour by 4.5% during the fourth quarter. Legal & General Group Plc now owns 892,230 shares of the company’s stock valued at $15,766,000 after purchasing an additional 38,719 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in Under Armour by 16.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 70,177 shares of the company’s stock valued at $1,240,000 after purchasing an additional 9,816 shares during the last quarter. 38.05% of the stock is currently owned by institutional investors and hedge funds.
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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