Pivotal Research Reaffirms “Hold” Rating for Under Armour (NYSE:UA)

Pivotal Research reissued their hold rating on shares of Under Armour (NYSE:UA) in a research report released on Tuesday morning, Stock Target Advisor reports. Pivotal Research currently has a $17.00 target price on the stock.

UA has been the topic of a number of other reports. BMO Capital Markets started coverage on shares of Under Armour in a research note on Monday, February 3rd. They issued a sell rating and a $18.00 price objective on the stock. Susquehanna Bancshares reaffirmed a sell rating and issued a $14.00 price objective on shares of Under Armour in a research note on Tuesday. Raymond James upgraded shares of Under Armour to a buy rating and set a $30.00 target price for the company in a report on Wednesday, November 27th. ValuEngine upgraded shares of Under Armour from a sell rating to a hold rating in a report on Tuesday, January 7th. Finally, Piper Sandler downgraded shares of Under Armour to a hold rating and set a $19.00 target price for the company. in a report on Tuesday. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Under Armour has a consensus rating of Hold and an average target price of $21.83.

Under Armour stock opened at $15.45 on Tuesday. Under Armour has a 1-year low of $15.02 and a 1-year high of $24.55. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 61.80 and a beta of 1.06. The firm’s fifty day moving average price is $18.25 and its two-hundred day moving average price is $17.90. The company has a current ratio of 2.05, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55.

Under Armour (NYSE:UA) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Under Armour had a net margin of 2.14% and a return on equity of 7.24%. The business had revenue of $1.44 billion during the quarter. On average, research analysts forecast that Under Armour will post 0.35 EPS for the current year.

In other news, insider Kevin Eskridge sold 19,348 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $15.84, for a total value of $306,472.32. Following the completion of the sale, the insider now owns 174,412 shares in the company, valued at $2,762,686.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 15.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. purchased a new stake in Under Armour during the third quarter worth about $28,000. FinTrust Capital Advisors LLC purchased a new stake in Under Armour during the third quarter worth about $36,000. Pinnacle Financial Partners Inc. purchased a new stake in Under Armour during the fourth quarter worth about $38,000. Valeo Financial Advisors LLC increased its holdings in Under Armour by 96.7% during the third quarter. Valeo Financial Advisors LLC now owns 2,016 shares of the company’s stock worth $37,000 after buying an additional 991 shares during the last quarter. Finally, Legacy Bridge LLC purchased a new stake in Under Armour during the third quarter worth about $39,000. Institutional investors and hedge funds own 34.60% of the company’s stock.

About Under Armour

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 and cold.

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Analyst Recommendations for Under Armour (NYSE:UA)

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