Jefferies Group LLC Reaffirms Buy Rating for Under Armour, Inc. (UAA)

Paterniano Del Favero
Agosto 15, 2017

WARNING: "Weatherly Asset Management L.P. Takes Position in Under Armour, Inc". The institutional investor bought 1,165,203 shares of the company's stock, valued at approximately $25,355,000. SG Americas Securities LLC owned 0.26% of Under Armour as of its most recent filing with the SEC.

A number of hedge funds have recently modified their holdings of UAA. They presently have $19.28 price objective on the company shares. DekaBank Deutsche Girozentrale now owns 174,674 shares of the company's stock worth $3,517,000 after buying an additional 166,024 shares in the last quarter. Bridgecreek Investment Management LLC boosted its position in shares of Under Armour by 3.1% in the first quarter. FBR & Co now has a $14.00 target price on the stock. Finally, Private Capital Management Inc. acquired a new stake in Under Armour during the first quarter valued at about $158,000. 5,862,230 shares of the company's stock traded hands. The stock has a market cap of $7.55 billion, a P/E ratio of 34.64 and a beta of 0.78. Under Armour, Inc. has a 12-month low of $17.92 and a 12-month high of $43.85. The stock has a 50 day moving average price of $18.33 and a 200-day moving average price of $18.67. Bray Capital Advisors' holdings in Under Armour were worth $1,641,000 at the end of the most recent reporting period. The company reported ($0.03) EPS for the quarter, beating the Zacks' consensus estimate of ($0.06) by $0.03. Under Armour had a ROE of 11.06% and a net profit margin of 4.38%. brokerages expect that Under Armour to post $0.38 earnings per share for the full year. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. On average, analysts anticipate that Under Armour will post $0.38 EPS for the current year.

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A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Under Armour from a "hold" rating to a "buy" rating and set a $24.00 price objective for the company in a research report on Tuesday, July 4th. Vetr raised Under Armour from a "sell" rating to a "hold" rating and set a $19.90 price objective for the company in a research note on Thursday, June 15th. Deutsche Bank AG lowered Under Armour from a "hold" rating to a "sell" rating in a research note on Tuesday, July 25th. Finally, Canaccord Genuity restated a hold rating and set a $18.00 price objective (down from $21.00) on shares of Under Armour in a research report on Tuesday, August 8th. Eight investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company's stock. Eight Brokerage firms have recommended the share with a sell recommendation, around ten has issued a hold recommendation and five have issued a buy recommendation to the share. the share now has a average recommendation of Hold and an consensus price target of $18.87.

Under Armour, is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. the firms segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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