Piper Jaffray Companies upgraded shares of Under Armour (NYSE:UAA) from a neutral rating to an overweight rating in a research note released on Monday, Marketbeat Ratings reports. They currently have $32.00 price objective on the stock, up from their previous price objective of $20.00. Piper Jaffray Companies also issued estimates for Under Armour’s Q4 2018 earnings at $0.04 EPS, FY2018 earnings at $0.22 EPS, Q1 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.07 EPS, FY2019 earnings at $0.40 EPS, Q3 2020 earnings at $0.35 EPS and FY2020 earnings at $0.55 EPS.
UAA has been the subject of a number of other research reports. Zacks Investment Research cut Under Armour from a buy rating to a hold rating in a research report on Friday, October 5th. Telsey Advisory Group lifted their price objective on Under Armour from $15.00 to $22.00 and gave the company a market perform rating in a research report on Monday, July 23rd. Buckingham Research lifted their price objective on Under Armour from $16.00 to $18.00 and gave the company a neutral rating in a research report on Thursday, August 16th. ValuEngine raised Under Armour from a hold rating to a buy rating in a research report on Wednesday, October 31st. Finally, Wedbush lifted their price objective on Under Armour from $15.00 to $18.00 and gave the company a neutral rating in a research report on Friday, July 20th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Under Armour currently has an average rating of Hold and an average target price of $20.90.
UAA opened at $22.98 on Monday. The firm has a market cap of $10.37 billion, a P/E ratio of 120.95, a PEG 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 quick ratio of 1.09, a current ratio of 1.99 and a debt-to-equity ratio of 0.35.
Several large investors have recently made changes to their positions in UAA. Cornerstone Wealth Management LLC bought a new position in shares of Under Armour in the second quarter worth about $370,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Under Armour in the third quarter worth about $1,547,000. W.E. Donoghue & Co. LLC bought a new position in shares of Under Armour in the second quarter worth about $2,223,000. UMB Bank N A MO bought a new position in shares of Under Armour in the second quarter worth about $883,000. Finally, Toronto Dominion Bank increased its stake in shares of Under Armour by 33.9% in the second quarter. Toronto Dominion Bank now owns 133,718 shares of the company’s stock worth $3,006,000 after purchasing an additional 33,854 shares during the period. 36.86% of the stock is owned by institutional investors.
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, cold, and in between the extremes.
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