Under Armour Inc (NYSE:UAA) – Equities researchers at B. Riley dropped their Q4 2018 earnings estimates for shares of Under Armour in a note issued to investors on Wednesday, October 31st. B. Riley analyst S. Anderson now anticipates that the company will post earnings of $0.00 per share for the quarter, down from their prior estimate of $0.11. B. Riley currently has a “Sell” rating on the stock.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.13. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. Under Armour had a negative net margin of 2.68% and a positive return on equity of 3.96%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 EPS.
UAA has been the subject of several other research reports. Wedbush lifted their price objective on shares of Under Armour from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, July 20th. Buckingham Research lifted their price objective on shares of Under Armour from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday. Credit Suisse Group lifted their price objective on shares of Under Armour from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday. Telsey Advisory Group reiterated a “market perform” rating and issued a $25.00 price objective (up previously from $22.00) on shares of Under Armour in a research note on Wednesday. Finally, ValuEngine upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Under Armour has an average rating of “Hold” and a consensus target price of $20.26.
Shares of NYSE UAA opened at $23.70 on Friday. The company has a market capitalization of $10.55 billion, a PE ratio of 139.41, a PEG ratio of 5.27 and a beta of -0.45. Under Armour has a 52-week low of $11.40 and a 52-week high of $24.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.99.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Under Armour by 0.7% during the 2nd quarter. BlackRock Inc. now owns 11,949,678 shares of the company’s stock valued at $268,631,000 after purchasing an additional 80,926 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Under Armour by 35.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,502,746 shares of the company’s stock valued at $56,261,000 after purchasing an additional 658,769 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in Under Armour during the 2nd quarter valued at $49,446,000. Northern Trust Corp increased its stake in Under Armour by 0.6% during the 2nd quarter. Northern Trust Corp now owns 2,031,950 shares of the company’s stock valued at $45,679,000 after purchasing an additional 12,451 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in Under Armour during the 2nd quarter valued at $31,283,000. Institutional investors and hedge funds own 36.87% of the company’s stock.
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.