Under Armour Inc (NYSE:UAA) – Research analysts at B. Riley lowered their Q3 2020 earnings estimates for shares of Under Armour in a report released on Tuesday, February 11th. B. Riley analyst S. Anderson now forecasts that the company will post earnings per share of $0.22 for the quarter, down from their prior estimate of $0.25.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Under Armour had a net margin of 2.14% and a return on equity of 7.24%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS.
Several other equities research analysts also recently commented on the stock. Raymond James reduced their price target on shares of Under Armour from $30.00 to $25.00 and set a “strong-buy” rating for the company in a research report on Wednesday. Robert W. Baird downgraded shares of Under Armour from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $31.00 to $20.00 in a research report on Tuesday, November 5th. Citigroup reduced their price target on shares of Under Armour from $26.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday. Goldman Sachs Group set a $26.00 price target on shares of Under Armour and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Piper Sandler downgraded shares of Under Armour from an “overweight” rating to a “neutral” rating and reduced their price target for the company from to in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $20.81.
Shares of NYSE:UAA opened at $17.19 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 2.05. The company has a market cap of $7.64 billion, a PE ratio of 68.76, a price-to-earnings-growth ratio of 1.62 and a beta of 0.63. Under Armour has a 52 week low of $16.50 and a 52 week high of $27.72. The firm has a 50 day simple moving average of $20.45 and a 200 day simple moving average of $19.86.
A number of institutional investors have recently added to or reduced their stakes in UAA. Cullen Frost Bankers Inc. acquired a new position in shares of Under Armour during the 3rd quarter worth $31,000. Vestcor Investment Management Corp acquired a new position in shares of Under Armour during the 4th quarter worth $71,000. Banque Cantonale Vaudoise acquired a new position in shares of Under Armour during the 4th quarter worth $100,000. Steward Partners Investment Advisory LLC increased its stake in shares of Under Armour by 14.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 5,284 shares of the company’s stock worth $105,000 after purchasing an additional 667 shares during the last quarter. Finally, First Mercantile Trust Co. increased its stake in shares of Under Armour by 29.0% during the 4th quarter. First Mercantile Trust Co. now owns 5,901 shares of the company’s stock worth $127,000 after purchasing an additional 1,328 shares during the last quarter. Hedge funds and other institutional investors own 39.30% of the company’s stock.
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 and cold.
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