Shares of Under Armour Inc (NYSE:UA) have been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $20.50.
A number of brokerages have recently commented on UA. Pivotal Research reiterated a “hold” rating and issued a $23.00 price target on shares of Under Armour in a research note on Tuesday, April 30th. JPMorgan Chase & Co. upgraded shares of Under Armour from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $23.00 to $29.00 in a research report on Friday, May 17th. ValuEngine lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Canaccord Genuity set a $13.00 target price on shares of Under Armour and gave the company a “sell” rating in a research report on Tuesday, March 19th. Finally, B. Riley set a $12.00 target price on shares of Under Armour and gave the company a “sell” rating in a research report on Tuesday, April 9th.
A number of large investors have recently modified their holdings of UA. FMR LLC lifted its holdings in Under Armour by 161.2% during the fourth quarter. FMR LLC now owns 4,528,755 shares of the company’s stock valued at $73,230,000 after purchasing an additional 2,794,611 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Under Armour by 23.7% during the fourth quarter. Baillie Gifford & Co. now owns 4,443,253 shares of the company’s stock valued at $71,847,000 after purchasing an additional 851,765 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Under Armour by 3,827.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 812,138 shares of the company’s stock valued at $50,000 after purchasing an additional 791,457 shares in the last quarter. BlackRock Inc. lifted its holdings in Under Armour by 6.6% during the fourth quarter. BlackRock Inc. now owns 12,335,009 shares of the company’s stock valued at $199,459,000 after purchasing an additional 763,174 shares in the last quarter. Finally, GMT Capital Corp purchased a new position in Under Armour during the first quarter valued at approximately $11,786,000. 32.37% of the stock is currently owned by institutional investors and hedge funds.
Under Armour (NYSE:UA) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 EPS for the quarter. Under Armour had a net margin of 0.12% and a return on equity of 7.05%. The firm had revenue of $1.20 billion during the quarter. Analysts anticipate that Under Armour will post 0.35 earnings per share for the current year.
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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