Under Armour (UAA) PT Raised to $30.00 at Stifel Nicolaus

Under Armour (NYSE:UAA) had its target price boosted by Stifel Nicolaus from $27.00 to $30.00 in a research report sent to investors on Monday morning, The Fly reports. The brokerage currently has a sell rating on the stock.

Other analysts also recently issued research reports about the stock. Citigroup increased their target price on shares of Under Armour from $18.00 to $22.00 and gave the stock a $21.81 rating in a research report on Wednesday, July 18th. Zacks Investment Research raised shares of Under Armour from a hold rating to a buy rating and set a $23.00 price objective for the company in a research report on Thursday, October 4th. ValuEngine raised shares of Under Armour from a hold rating to a buy rating in a research report on Wednesday, October 31st. Morgan Stanley initiated coverage on shares of Under Armour in a research report on Wednesday, August 1st. They issued an equal weight rating and a $20.00 price objective for the company. Finally, SunTrust Banks increased their price objective on shares of Under Armour to $20.00 and gave the company a hold rating in a research report on Friday, July 27th. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $20.90.

UAA opened at $22.98 on Monday. The company has a market cap of $10.37 billion, a P/E ratio of 120.95, a price-to-earnings-growth ratio of 5.19 and a beta of -0.45. Under Armour has a 1 year low of $11.74 and a 1 year high of $24.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.09.

Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.13. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate 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 was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. On average, analysts expect that Under Armour will post 0.22 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd boosted its stake in shares of Under Armour by 813.9% during the 2nd quarter. Point72 Hong Kong Ltd now owns 5,849 shares of the company’s stock valued at $131,000 after buying an additional 5,209 shares during the last quarter. NEXT Financial Group Inc purchased a new position in shares of Under Armour during the 3rd quarter valued at approximately $138,000. Exane Derivatives boosted its stake in shares of Under Armour by 15,240.0% during the 3rd quarter. Exane Derivatives now owns 6,903 shares of the company’s stock valued at $148,000 after buying an additional 6,858 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Under Armour during the 2nd quarter valued at approximately $370,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Under Armour by 119.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,921 shares of the company’s stock valued at $201,000 after buying an additional 4,848 shares during the last quarter. Institutional investors own 36.86% 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, cold, and in between the extremes.

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