Under Armour Inc (NYSE:UA) Receives Average Rating of “Hold” from Analysts

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Shares of Under Armour Inc (NYSE:UA) have received a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $20.50.

A number of analysts recently issued reports on UA shares. JPMorgan Chase & Co. set a $195.00 price target on shares of bluebird bio and gave the stock a “buy” rating in a report on Friday, May 17th. Piper Jaffray Companies set a $30.00 price target on shares of Under Armour and gave the stock a “buy” rating in a report on Monday, June 24th. Pivotal Research reissued a “hold” rating and set a $23.00 price target on shares of Under Armour in a report on Tuesday, April 30th. B. Riley set a $12.00 price target on shares of Under Armour and gave the stock a “sell” rating in a report on Tuesday, April 9th. Finally, Canaccord Genuity set a $13.00 price target on shares of Under Armour and gave the stock a “sell” rating in a report on Tuesday, March 19th.

Shares of NYSE UA traded down $0.04 during trading hours on Tuesday, hitting $24.26. 2,333,282 shares of the stock were exchanged, compared to its average volume of 2,228,033. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 2.02. The firm has a market capitalization of $10.82 billion, a P/E ratio of 89.85 and a beta of 0.96. The firm’s fifty day simple moving average is $22.67. Under Armour has a 12 month low of $15.05 and a 12 month high of $24.47.

Under Armour (NYSE:UA) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter. Under Armour had a net margin of 0.12% and a return on equity of 7.05%. The business had revenue of $1.20 billion for the quarter. Research analysts predict that Under Armour will post 0.35 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Summit Financial Wealth Advisors LLC purchased a new position in Under Armour in the 2nd quarter valued at about $217,000. NN Investment Partners Holdings N.V. lifted its holdings in Under Armour by 23.7% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 57,179 shares of the company’s stock valued at $1,270,000 after purchasing an additional 10,966 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in Under Armour by 19.9% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 50,109 shares of the company’s stock valued at $1,112,000 after purchasing an additional 8,324 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Under Armour by 1.0% in the 2nd quarter. Retirement Systems of Alabama now owns 90,592 shares of the company’s stock valued at $2,011,000 after purchasing an additional 935 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Under Armour in the 2nd quarter valued at about $209,000. Institutional investors own 32.36% of the company’s stock.

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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Analyst Recommendations for Under Armour (NYSE:UA)

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