Under Armour Inc (NYSE:UAA) – Investment analysts at Oppenheimer lowered their Q3 2020 earnings estimates for shares of Under Armour in a research report issued on Wednesday, February 12th. Oppenheimer analyst B. Nagel now anticipates that the company will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.25. Oppenheimer also issued estimates for Under Armour’s Q4 2020 earnings at $0.11 EPS.
Several other research analysts also recently commented on UAA. Stifel Nicolaus boosted their target price on Under Armour from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday. Consumer Edge started coverage on Under Armour in a report on Friday, December 27th. They issued an “equal weight” rating and a $23.00 target price on the stock. Raymond James reduced their target price on Under Armour from $30.00 to $25.00 and set a “strong-buy” rating on the stock in a report on Wednesday. Susquehanna Bancshares reduced their target price on Under Armour from $16.00 to $14.00 and set a “negative” rating on the stock in a report on Friday, October 18th. Finally, Telsey Advisory Group reduced their target price on Under Armour from $19.00 to $15.00 and set a “market perform” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.81.
Shares of UAA opened at $17.19 on Friday. The company has a market capitalization of $7.64 billion, a P/E ratio of 68.76, a PEG ratio of 1.62 and a beta of 0.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.05 and a quick ratio of 1.29. Under Armour has a one year low of $16.50 and a one year high of $27.72. The business’s 50 day simple moving average is $20.45 and its 200-day simple moving average is $19.86.
Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, February 11th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Under Armour had a return on equity of 7.24% and a net margin of 2.14%. Under Armour’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS.
Large investors have recently bought and sold shares of the business. Ellington Management Group LLC bought a new position in Under Armour during the 4th quarter worth about $348,000. UBS Asset Management Americas Inc. increased its holdings in Under Armour by 7.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 575,508 shares of the company’s stock worth $12,431,000 after purchasing an additional 39,364 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Under Armour by 4.4% during the 4th quarter. Guggenheim Capital LLC now owns 22,583 shares of the company’s stock worth $488,000 after purchasing an additional 949 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in Under Armour by 14.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 56,594 shares of the company’s stock worth $1,222,000 after purchasing an additional 7,200 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in Under Armour by 12.2% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 600,269 shares of the company’s stock worth $12,965,000 after purchasing an additional 65,442 shares in the last quarter. 39.30% of the stock is currently owned by hedge funds and other institutional investors.
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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