Under Armour Inc. (NYSE:UA) had its price target reduced by investment analysts at Stifel Nicolaus from $33.00 to $28.00 in a research note issued on Monday. The brokerage presently has a “hold” rating on the apparel retailer’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 8.50% from the company’s previous close.
A number of other analysts have also issued reports on the company. Canaccord Genuity reissued a “buy” rating and issued a $65.00 target price on shares of Under Armour in a research report on Sunday, September 11th. Robert W. Baird reissued an “outperform” rating and issued a $40.00 target price (down previously from $55.00) on shares of Under Armour in a research report on Sunday, October 23rd. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Under Armour in a research report on Wednesday, September 28th. Buckingham Research reissued a “buy” rating and issued a $48.00 target price on shares of Under Armour in a research report on Wednesday, October 26th. Finally, William Blair reissued an “outperform” rating on shares of Under Armour in a research report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Under Armour presently has an average rating of “Buy” and an average target price of $46.68.
Shares of Under Armour (NYSE:UA) opened at 30.60 on Monday. Under Armour has a 52-week low of $30.06 and a 52-week high of $47.95. The firm has a market cap of $13.41 billion, a PE ratio of 68.00 and a beta of 0.16. The stock has a 50 day moving average price of $33.66 and a 200-day moving average price of $37.93.
Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, October 25th. The apparel retailer reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.05 billion. Under Armour had a net margin of 5.53% and a return on equity of 14.60%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. On average, equities analysts anticipate that Under Armour will post $0.60 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the company. Peloton Wealth Strategists purchased a new stake in shares of Under Armour during the third quarter worth about $203,000. Ken Stern & Associates Inc. bought a new position in shares of Under Armour during the third quarter worth $283,000. Mik Capital LLC bought a new position in shares of Under Armour during the third quarter worth $45,813,000. Lincoln National Corp raised its position in shares of Under Armour by 5.2% in the third quarter. Lincoln National Corp now owns 8,153 shares of the apparel retailer’s stock worth $316,000 after buying an additional 400 shares during the period. Finally, Stephens Inc. AR raised its position in shares of Under Armour by 5.8% in the third quarter. Stephens Inc. AR now owns 19,764 shares of the apparel retailer’s stock worth $764,000 after buying an additional 1,092 shares during the period. Hedge funds and other institutional investors own 34.85% of the company’s stock.
Under Armour Company Profile