Economy

Is Under Armour (NYSE:UAA) In Trouble? Wells Fargo Issues Downgrade

Is Under Armour (NYSE:UAA) In Trouble? Wells Fargo Issues Downgrade”

Buckingham Research set a $14.00 price objective on shares of Under Armour and gave the company a "sell" rating in a research note on Thursday, August 3rd. The brokerage now has $13.00 price target on the stock, down from their prior price target of $17.00.

The stock decreased 2.93% or $0.46 on September 20, reaching $15.24.

A number of equities analysts have issued reports on the stock. The firm earned "Buy" rating on Friday, March 24 by Jefferies. FBR Capital downgraded Under Armour Inc (NYSE:UAA) on Monday, April 3 to "Underperform" rating.

Among 20 analysts covering Under Armour (UAA), 2 have Buy rating, 8 Sell and 10 Hold. The stock now has a consensus rating of "Hold" and an average target price of $21.18.

Nikic's $13 price target is predicated on his 30x full-year 2019 earnings per share estimate. 3,114,593 shares of the company's stock were exchanged. If you are reading this article on another publication, it was copied illegally and reposted in violation of U.S. & global copyright & trademark laws. The firm's 50 day moving average is $17.60 and its 200 day moving average is $19.55. The company has market cap of $6.96 billion.

Investors wait Under Armour Inc (NYSE:UAA) to report on October, 24. its quarterly earnings Wall Street analysts expect $0.19 EPS, down $0.10 or 34.48 % from last year's $0.29 same quarter earnings. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.06) by $0.03. The rating was downgraded by Bank of America to "Neutral" on Tuesday, January 31. Under Armour's revenue for the quarter was up 8.7% compared to the same quarter a year ago. After having $-0.03 EPS previously, Under Armour Inc's analysts see -733.33% EPS growth. If you are accessing this report on another website, it was copied illegally and reposted in violation of US and worldwide copyright & trademark legislation.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2017/09/20/under-armour-inc-ua-downgraded-to-sell-at-wells-fargo-company.html. The fund owned 32,863 shares of the company's stock after selling 12,903 shares during the quarter. Mn Services Vermogensbeheer B.V. purchased a new position in Under Armour in the second quarter worth about $651,000. Symphony Asset Management LLC acquired a new stake in Under Armour during the second quarter valued at $1,497,000. Cetera Investment Advisers acquired a new stake in Under Armour in the 2nd quarter worth $215,000. Finally, NEXT Financial Group Inc purchased a new position in Under Armour in the second quarter worth about $204,000.

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 divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa; Asia-Pacific; Latin America, and Connected Fitness.



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