Under Armour Inc (NYSE:UAA) – Equities research analysts at SunTrust Banks issued their Q1 2018 earnings estimates for shares of Under Armour in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst P. Quintiliano forecasts that the company will earn ($0.07) per share for the quarter. SunTrust Banks currently has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Under Armour’s Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at $0.25 EPS and Q4 2018 earnings at $0.06 EPS.
A number of other equities research analysts also recently weighed in on UAA. Deutsche Bank decreased their price target on shares of Under Armour from $16.00 to $14.00 and set a “sell” rating on the stock in a research note on Thursday, October 26th. Bank of America downgraded shares of Under Armour from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $21.00 to $12.00 in a research note on Monday, October 30th. Pivotal Research reiterated a “hold” rating and set a $14.00 price target (down previously from $17.00) on shares of Under Armour in a research note on Tuesday, October 31st. FBR & Co decreased their price target on shares of Under Armour from $14.00 to $10.00 and set a “sell” rating on the stock in a research note on Tuesday, October 31st. Finally, DA Davidson downgraded shares of Under Armour from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 31st. Nineteen research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. Under Armour presently has a consensus rating of “Hold” and a consensus target price of $14.71.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Under Armour by 1.3% in the fourth quarter. BlackRock Inc. now owns 11,568,717 shares of the company’s stock valued at $166,937,000 after buying an additional 147,753 shares during the last quarter. Bamco Inc. NY raised its holdings in shares of Under Armour by 10.8% in the third quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock valued at $126,978,000 after buying an additional 750,325 shares during the last quarter. State Street Corp bought a new position in shares of Under Armour in the second quarter valued at about $157,325,000. Hexavest Inc. bought a new position in shares of Under Armour in the fourth quarter valued at about $39,368,000. Finally, Disciplined Growth Investors Inc. MN bought a new position in shares of Under Armour in the third quarter valued at about $39,964,000. 31.93% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2018/02/18/equities-analysts-offer-predictions-for-under-armour-incs-q1-2018-earnings-uaa.html.
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.
Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.