JPMorgan Chase & Co. Reiterates “Neutral” Rating for Under Armour (UAA)

Under Armour (NYSE:UAA)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued on Tuesday. They currently have a $22.00 target price on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 1.01% from the company’s current price.

UAA has been the subject of several other reports. ValuEngine upgraded Under Armour from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Saturday, January 5th. Goldman Sachs Group upgraded Under Armour from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $28.00 in a research report on Tuesday, January 22nd. Morgan Stanley lifted their price target on Under Armour from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 31st. Finally, Pivotal Research lifted their price target on Under Armour from $20.00 to $24.00 and gave the company a “hold” rating in a research report on Wednesday, October 31st. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.01.

Shares of NYSE:UAA opened at $21.78 on Tuesday. Under Armour has a 52-week low of $15.60 and a 52-week high of $24.96. The stock has a market capitalization of $10.13 billion, a PE ratio of 114.63, a PEG ratio of 2.73 and a beta of 0.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.09.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. Under Armour had a positive return on equity of 3.96% and a negative net margin of 2.68%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Under Armour’s revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that Under Armour will post 0.22 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of UAA. Bremer Trust National Association acquired a new stake in Under Armour in the fourth quarter valued at approximately $32,000. Oregon Public Employees Retirement Fund grew its holdings in Under Armour by 3,672.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 762,920 shares of the company’s stock valued at $43,000 after purchasing an additional 742,694 shares during the period. Penserra Capital Management LLC grew its holdings in Under Armour by 235.9% in the fourth quarter. Penserra Capital Management LLC now owns 4,528 shares of the company’s stock valued at $80,000 after purchasing an additional 3,180 shares during the period. First Mercantile Trust Co. acquired a new stake in Under Armour in the fourth quarter valued at approximately $99,000. Finally, Dupont Capital Management Corp acquired a new stake in Under Armour in the fourth quarter valued at approximately $123,000. 38.05% of the stock is currently owned by institutional investors.

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, cold, and in between the extremes.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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