November 28, 2016 - By Peter Kolinski
In a research report issued to investors and clients on today, Stifel Nicolaus restate their “Hold” rating on Under Armour (NYSE:UA)‘s stock. The PT indicates a potential downside of -11.31% from firm’s previous stock close.
Out of 27 analysts covering Under Armour (NYSE:UA), 11 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 41% are positive. $131 is the highest target while $32 is the lowest. The $75.73 average target is 139.88% above today’s ($31.57) stock price. Under Armour has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, August 12 the stock rating was initiated by Susquehanna with “Positive”. Brean Capital downgraded Under Armour Inc (NYSE:UA) on Wednesday, May 4 to “Hold” rating. The rating was initiated by Berenberg on Tuesday, January 5 with “Buy”. The stock of Under Armour Inc (NYSE:UA) earned “Neutral” rating by Piper Jaffray on Monday, November 30. Brean Capital maintained it with “Buy” rating and $88 target price in Friday, January 29 report. The rating was upgraded by Wells Fargo on Monday, October 10 to “Outperform”. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, October 14. As per Tuesday, September 13, the company rating was initiated by Nomura. The stock has “Outperform” rating given by FBR Capital on Friday, July 24. Piper Jaffray maintained it with “Buy” rating and $113 target price in Wednesday, August 12 report.
About 6.19M shares traded hands. Under Armour Inc (NYSE:UA) has declined 34.32% since April 25, 2016 and is downtrending. It has underperformed by 40.33% the S&P500.
Analysts await Under Armour Inc (NYSE:UA) to report earnings on January, 26. They expect $0.25 earnings per share, 0.00% or $0.00 from last year’s $0.25 per share. UA’s profit will be $97.56M for 31.57 P/E if the $0.25 EPS becomes a reality. After $0.29 actual earnings per share reported by Under Armour Inc for the previous quarter, Wall Street now forecasts -13.79% negative EPS growth.
Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The company has a market cap of $12.32 billion. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa ; Asia-Pacific; Latin America, and Connected Fitness. It has a 45.79 P/E ratio. The Company’s apparel is offered in various styles and fits to improve comfort and mobility, regulate body temperature and improve performance regardless of weather conditions.
According to Zacks Investment Research, “Under Armour is a leading developer, marketer and distributor of branded performance products for men, women and youth. The brand’s moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products. The Company is an official supplier to the National Hockey League, the U.S. Ski Team, USA Rugby, the National Lacrosse League, and Major League Lacrosse; and the Company’s products are worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports. The Company’s products are currently sold in the United States, Canada, Japan and the United Kingdom.”
Under Armour, Inc., incorporated on July 01, 1996, is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s moisture-wicking fabrications are engineered in a range of creates and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
More recent Under Armour Inc (NYSE:UA) news were published by: Investorplace.com which released: “Why the Under Armour Inc (UA) Stock Symbol Refresh Matters” on November 28, 2016. Also Fool.com published the news titled: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” on November 02, 2016. Seekingalpha.com‘s news article titled: “Why Under Armour Is An Outstanding Buy” with publication date: November 25, 2016 was also an interesting one.
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