Under Armour (UAA) Upgraded at ValuEngine

ValuEngine upgraded shares of Under Armour (NYSE:UAA) from a hold rating to a buy rating in a report released on Thursday, ValuEngine reports.

Other equities analysts have also recently issued reports about the company. Citigroup raised Under Armour from a neutral rating to a buy rating and raised their price objective for the company from $23.00 to $29.00 in a report on Wednesday, April 10th. Zacks Investment Research upgraded Under Armour from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Friday, February 15th. Morgan Stanley raised their price target on Under Armour from $21.00 to $24.00 and gave the stock an equal weight rating in a research report on Thursday, February 14th. Pivotal Research restated a hold rating and set a $22.00 price target (down from $24.00) on shares of Under Armour in a research report on Thursday, February 7th. Finally, Argus restated a hold rating on shares of Under Armour in a research report on Friday, February 22nd. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Under Armour presently has an average rating of Hold and a consensus target price of $24.03.

Shares of NYSE UAA opened at $23.54 on Thursday. The stock has a market cap of $10.62 billion, a P/E ratio of 87.19, a PEG ratio of 3.30 and a beta of 0.45. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 2.02. Under Armour has a 1-year low of $16.52 and a 1-year high of $24.96.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Under Armour had a return on equity of 7.17% and a net margin of 0.12%. Under Armour’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities analysts expect that Under Armour will post 0.35 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC bought a new stake in shares of Under Armour in the 1st quarter worth approximately $25,000. Rockefeller Capital Management L.P. bought a new stake in shares of Under Armour in the 1st quarter worth approximately $27,000. Rehmann Capital Advisory Group bought a new stake in shares of Under Armour in the 1st quarter worth approximately $28,000. Bremer Trust National Association bought a new stake in shares of Under Armour in the 4th quarter worth approximately $32,000. Finally, Bremer Bank National Association bought a new stake in shares of Under Armour in the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 35.86% 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 and cold.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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