Under Armour Inc (NYSE:UAA) – Stock analysts at William Blair reduced their Q3 2020 earnings per share estimates for shares of Under Armour in a report issued on Tuesday, February 11th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.23 for the quarter, down from their prior estimate of $0.30.
A number of other research firms have also weighed in on UAA. Piper Sandler lowered Under Armour from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from to in a report on Tuesday. KeyCorp lowered their target price on Under Armour from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Goldman Sachs Group set a $26.00 target price on Under Armour and gave the stock a “buy” rating in a report on Tuesday, November 5th. Telsey Advisory Group lowered their target price on Under Armour from $19.00 to $15.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, Piper Jaffray Companies lowered Under Armour to a “neutral” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Under Armour presently has an average rating of “Hold” and a consensus price target of $20.81.
Under Armour stock opened at $17.19 on Thursday. The business has a fifty day moving average of $20.45 and a two-hundred day moving average of $19.86. The company has a quick ratio of 1.29, a current ratio of 2.05 and a debt-to-equity ratio of 0.55. The firm has a market cap of $7.64 billion, a P/E ratio of 68.76, a P/E/G ratio of 1.62 and a beta of 0.63. Under Armour has a twelve month low of $16.50 and a twelve month high of $27.72.
Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. Under Armour had a return on equity of 7.24% and a net margin of 2.14%. Under Armour’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share.
Hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Under Armour by 4.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 765,542 shares of the company’s stock valued at $15,265,000 after acquiring an additional 32,613 shares during the period. Centre Asset Management LLC acquired a new position in shares of Under Armour in the 3rd quarter valued at $7,785,000. Perigon Wealth Management LLC increased its position in shares of Under Armour by 38.0% in the 3rd quarter. Perigon Wealth Management LLC now owns 14,728 shares of the company’s stock valued at $300,000 after acquiring an additional 4,056 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Under Armour by 16.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 70,500 shares of the company’s stock valued at $1,406,000 after acquiring an additional 10,000 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Under Armour by 158.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,662 shares of the company’s stock valued at $295,000 after acquiring an additional 8,378 shares during the period. 39.30% of the stock is currently owned by institutional investors and hedge funds.
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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