November 28, 2016 - By Darrin Black
Stifel currently has a $28.0 PT on the $11.94 billion market cap company or -8.50% downside potential. In a report released on Monday morning, Under Armour (UA) stock had its “Hold” Rating kept by analysts at Stifel.
Out of 8 analysts covering Under Armour (UA), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. $38.0 is the highest target while $32.0 is the lowest. The $34.25 average target is 11.93% above today’s ($30.6) stock price. Under Armour has been the topic of 8 analyst reports since August 31, 2016 according to StockzIntelligence Inc. The firm has “Overweight” rating by Piper Jaffray given on Friday, October 14. The stock of Under Armour Inc (NYSE:UA) has “Neutral” rating given on Wednesday, October 26 by Mizuho. The firm has “Neutral” rating by Nomura given on Tuesday, September 13. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, October 26 report. The rating was downgraded by Argus Research to “Hold” on Wednesday, August 31. Telsey Advisory downgraded Under Armour Inc (NYSE:UA) rating on Wednesday, October 26. Telsey Advisory has “Market Perform” rating and $35.0 price target. The stock has “Outperform” rating given by Wells Fargo on Monday, October 10. The company was initiated on Friday, September 30 by Guggenheim.
The stock decreased 0.36% or $0.11 during the last trading session, hitting $30.6. About 2,000 shares traded hands. Under Armour Inc (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 $97.55 million for 30.60 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 $11.94 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 44.38 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 news for Under Armour Inc (NYSE:UA) were recently published by: Fool.com, which released: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” on November 02, 2016. Seekingalpha.com‘s article titled: “Why Under Armour Is An Outstanding Buy” and published on November 25, 2016 is yet another important article.
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By Darrin Black