Under Armour, Inc. (UAA) Research Coverage Started at Berenberg Bank

Berenberg Bank began coverage on shares of Under Armour, Inc. (NYSE:UAA) in a report published on Tuesday, May 16th. The brokerage issued a hold rating and a $20.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. Susquehanna Bancshares Inc cut Under Armour in a report on Monday, February 20th. Barclays PLC set a $50.00 price objective on Under Armour and gave the stock a buy rating in a report on Friday, January 27th. Canaccord Genuity restated a buy rating and set a $44.00 price objective on shares of Under Armour in a report on Monday, January 23rd. CLSA started coverage on Under Armour in a research note on Thursday, January 19th. They issued a buy rating and a $37.00 price target for the company. Finally, B. Riley reiterated a buy rating and issued a $41.00 price target on shares of Under Armour in a research note on Wednesday, February 1st. Eight equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Under Armour currently has a consensus rating of Hold and a consensus price target of $24.94.

Under Armour (UAA) opened at 20.99 on Tuesday. Under Armour has a 12-month low of $18.34 and a 12-month high of $44.68. The firm has a 50-day moving average price of $20.52 and a 200 day moving average price of $23.34. The firm has a market cap of $9.24 billion, a PE ratio of 53.01 and a beta of -0.09.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, April 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Under Armour had a return on equity of 12.25% and a net margin of 4.84%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Equities research analysts forecast that Under Armour will post $0.43 EPS for the current year.

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In other news, Director A B. Krongard sold 4,799 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $21.33, for a total transaction of $102,362.67. Following the completion of the sale, the director now owns 116,297 shares in the company, valued at approximately $2,480,615.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kerry D. Chandler sold 5,921 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $21.38, for a total transaction of $126,590.98. Following the sale, the insider now owns 12,803 shares of the company’s stock, valued at approximately $273,728.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,519 shares of company stock valued at $331,652. 16.40% of the stock is currently owned by company insiders.

Under Armour Company Profile

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’s 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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