Today: The Under Armour Inc. (UA) Rating Lowered to Buy at Vetr Inc.

The Under Armour Inc. (UA) Rating Lowered to Buy at Vetr Inc.

Under Armour Inc. (NYSE:UA) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. They presently have a $41.41 target price on the apparel retailer’s stock. Vetr‘s price objective would suggest a potential upside of 7.50% from the stock’s previous close.

A number of other equities analysts also recently weighed in on UA. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Under Armour in a research note on Wednesday, June 15th. Canaccord Genuity restated a “buy” rating and issued a $65.00 target price on shares of Under Armour in a research note on Friday, June 17th. Brean Capital restated a “hold” rating on shares of Under Armour in a research note on Thursday, June 16th. Buckingham Research upgraded Under Armour from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $37.22 to $37.85 in a research note on Monday, June 20th. Finally, Zacks Investment Research upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Monday, June 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have assigned a buy rating to the company. Under Armour has an average rating of “Buy” and a consensus target price of $56.26.

Under Armour (NYSE:UA) opened at 38.52 on Tuesday. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 99.28 and a beta of 0.39. Under Armour has a 1-year low of $32.03 and a 1-year high of $50.72. The firm’s 50-day moving average price is $39.31 and its 200-day moving average price is $40.12.

Under Armour (NYSE:UA) last announced its earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. Under Armour had a return on equity of 13.79% and a net margin of 5.24%. The business earned $1 million during the quarter, compared to analysts’ expectations of $995.14 million. During the same quarter in the previous year, the firm earned $0.07 EPS. Under Armour’s quarterly revenue was up 27.7% on a year-over-year basis. Equities research analysts forecast that Under Armour will post $0.58 EPS for the current fiscal year.

In related news, Director Byron K. Adams, Jr. sold 34,726 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $40.00, for a total transaction of $1,389,040.00. Following the completion of the sale, the director now owns 46,293 shares of the company’s stock, valued at $1,851,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Karl-Heinz Maurath sold 54,632 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $43.34, for a total transaction of $2,367,750.88. Following the sale, the executive now directly owns 25,840 shares of the company’s stock, valued at approximately $1,119,905.60. The disclosure for this sale can be found here. Company insiders own 16.50% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Baillie Gifford & Co. increased its stake in shares of Under Armour by 211.1% in the second quarter. Baillie Gifford & Co. now owns 13,941,697 shares of the apparel retailer’s stock valued at $559,480,000 after buying an additional 9,460,529 shares during the period. Wellington Management Group LLP boosted its stake in shares of Under Armour by 13,607.6% in the first quarter. Wellington Management Group LLP now owns 1,863,417 shares of the apparel retailer’s stock valued at $158,073,000 after buying an additional 1,849,823 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Under Armour by 318.8% in the first quarter. UBS Asset Management Americas Inc. now owns 1,672,152 shares of the apparel retailer’s stock valued at $141,848,000 after buying an additional 1,272,879 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Under Armour by 374.7% in the first quarter. 1832 Asset Management L.P. now owns 908,100 shares of the apparel retailer’s stock valued at $127,093,000 after buying an additional 716,800 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Under Armour by 829.1% in the first quarter. Renaissance Technologies LLC now owns 712,600 shares of the apparel retailer’s stock valued at $60,450,000 after buying an additional 635,900 shares in the last quarter. 36.56% of the stock is owned by institutional investors.

Under Armour Company Profile

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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