Piper Jaffray Companies Weighs in on Under Armour Inc’s Q2 2019 Earnings (UAA)

Under Armour Inc (NYSE:UAA) – Research analysts at Piper Jaffray Companies lowered their Q2 2019 earnings estimates for shares of Under Armour in a research report issued to clients and investors on Tuesday, February 12th. Piper Jaffray Companies analyst E. Murphy now expects that the company will earn ($0.10) per share for the quarter, down from their previous forecast of ($0.03). Piper Jaffray Companies currently has a “Overweight” rating and a $32.00 target price on the stock. Piper Jaffray Companies also issued estimates for Under Armour’s Q2 2020 earnings at ($0.70) EPS.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. Under Armour had a negative net margin of 2.68% and a positive return on equity of 3.96%. Under Armour’s revenue was up 1.5% on a year-over-year basis.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a report on Wednesday. UBS Group reiterated a “neutral” rating and issued a $23.00 price objective (up from $21.00) on shares of Under Armour in a report on Wednesday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $22.00 price objective on shares of Under Armour in a report on Tuesday. Credit Suisse Group reiterated a “neutral” rating and issued a $26.00 price objective on shares of Under Armour in a report on Monday. Finally, Pivotal Research reiterated a “hold” rating and issued a $22.00 price objective (down from $24.00) on shares of Under Armour in a report on Thursday, February 7th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $22.01.

Shares of UAA opened at $21.78 on Thursday. The firm has a market cap of $10.13 billion, a P/E ratio of 114.63, a PEG ratio of 2.73 and a beta of 0.42. Under Armour has a 1-year low of $15.60 and a 1-year high of $24.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.99.

Several hedge funds have recently added to or reduced their stakes in UAA. Vanguard Group Inc. grew its stake in shares of Under Armour by 102.8% in the third quarter. Vanguard Group Inc. now owns 38,049,952 shares of the company’s stock valued at $773,692,000 after acquiring an additional 19,284,810 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in shares of Under Armour by 2,618.3% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,981,761 shares of the company’s stock valued at $35,017,000 after acquiring an additional 1,908,857 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new position in shares of Under Armour in the fourth quarter valued at about $25,923,000. Teachers Advisors LLC grew its stake in shares of Under Armour by 42.9% in the third quarter. Teachers Advisors LLC now owns 2,527,113 shares of the company’s stock valued at $53,625,000 after acquiring an additional 758,709 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of 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 acquiring an additional 742,694 shares in the last quarter. Institutional investors and hedge funds own 38.05% of the company’s stock.

Under Armour Company Profile

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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Earnings History and Estimates for Under Armour (NYSE:UAA)

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