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Does Under Armour Inc have investment appeal after today's first quarter results?
May 25 2018, 02:55 | Alonzo Simpson
Under Armour's (UA) “Outperform” Rating Set at FBR & Co
Analyst Watch: Analysts have assigned their consensus opinion on this stock with rating of 2.8 on scale of 1 to 5. The stock has "Buy" rating by Jefferies on Friday, March 24. On Tuesday, November 7 Susquehanna upgraded the shares of UAA in report to "Neutral" rating. (NYSE:UAA) earned "Buy" rating by Stifel Nicolaus. Based on sell-side analysts polled by Zacks Research, 4 have rated the stock a Strong Buy or Buy. SunTrust has "Hold" rating and $14.0 target. Under Armour, Inc. (NYSE:UAA) has declined 17.22% since April 30, 2017 and is downtrending. Under Armour has $17.0 highest and $8.0 lowest target. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 68.76 and a beta of 0.39. Currently, the short term 20-Day Simple Moving Average is and the long term 200-Day Simple Moving Average is.
Under Armour (NYSE:UA) last posted its earnings results on Tuesday, October 25th.
The company's shares, which initially rose 4 percent in premarket trading, dipped 6.5 percent after Under Armour forecast a loss of between 9 and 10 cents per share for the quarter ending June, bigger than the 6-cent loss expected by analysts, according to Thomson Reuters I/B/E/S. The company had Year Ago Sales of 1.12 Billion.
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Under Armour (UA, UAA) trades higher after topping Q1 estimates and reaffirming full-year guidance. Restructuring costs totaled $45 million in the first quarter, the company said. Analysts expect change of 400.00 % or $0.04 from previous year's $-0.01 earnings per share compared to current's $-0.05 earnings per share.
Under Armour is facing brutal competition from Nike Inc and Germany's Adidas AG and Puma in the United States, where the bankruptcies of US sporting goods retailers have also weighed on sales. On a Monthly basis the stock is -0.07%. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Buckingham Research assumed coverage on shares of Under Armour in a report on Friday, January 5th. The stock was sold at an average price of $40.00, for a total value of $1,389,040.00. The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. The disclosure for this sale can be found here. Nationwide Fund Advisors boosted its stake in shares of Under Armour by 6.8% during the 3rd quarter. The first quarter is typically Under Armour's weakest period. Recently, investment analysts covering the stock have updated the mean rating to 2. The quarterly performance for the stock is -11.25%, while the half-yearly performance is -3.23%.
Recently, In an analyst note issued to clients on Monday, 30 April, Under Armour (NYSE:UA) shares have had their Sell Rating kept by professional analysts at Canaccord Genuity, who now has a $9.0000 target price per share on firm. Finally, Geduld E E acquired a new position in Under Armour during the second quarter worth approximately $201,000.