Under Armour (NYSE:UAA) – Investment analysts at Wedbush reduced their Q2 2018 earnings per share (EPS) estimates for shares of Under Armour in a report released on Wednesday, April 18th. Wedbush analyst C. Svezia now forecasts that the company will post earnings of ($0.08) per share for the quarter, down from their prior forecast of ($0.07).
A number of other equities analysts also recently commented on the company. Vetr upgraded Under Armour from a “strong sell” rating to a “sell” rating and set a $13.90 target price for the company in a report on Thursday, December 28th. Macquarie downgraded Under Armour from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $10.00 to $8.00 in a report on Tuesday, January 16th. ValuEngine downgraded Under Armour from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Under Armour from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Citigroup decreased their price objective on Under Armour from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Eighteen investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.96.
In related news, insider Kerry D. Chandler sold 2,534 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $16.79, for a total transaction of $42,545.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in UAA. Grandeur Peak Global Advisors LLC acquired a new stake in shares of Under Armour during the fourth quarter worth about $1,328,000. Xact Kapitalforvaltning AB raised its stake in shares of Under Armour by 20.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 28,565 shares of the company’s stock valued at $412,000 after purchasing an additional 4,778 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Under Armour by 48.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 59,492 shares of the company’s stock valued at $858,000 after purchasing an additional 19,509 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Under Armour by 248.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company’s stock valued at $126,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Slow Capital Inc. acquired a new stake in Under Armour during the fourth quarter worth about $328,000. 33.71% of the stock is currently owned by institutional investors.
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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, cold, and in between the extremes.
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