Economy

Canaccord Genuity Issues a Downgrade on Under Armour (UAA) Shares. What's Next?

TRADEMARK VIOLATION NOTICE: This piece was originally published by Week Herald and is the sole property of of Week Herald.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 74.5 Percent. Ray Gerald L & Associates Ltd.'s holdings in Under Armour were worth $1,103,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. LLC purchased a new stake in Under Armour, Inc. National Planning Corp now owns 13,589 shares of the company's stock worth $279,000 after buying an additional 423 shares in the last quarter. CWM LLC raised its stake in shares of Under Armour by 1.4% during the 2nd quarter. Xact Kapitalforvaltning AB acquired a new stake in Under Armour in the 2nd quarter valued at about $474,000.

About 1,340 shares traded. Arizona State Retirement System boosted its stake in Under Armour by 1.0% in the first quarter. CWM LLC now owns 29,107 shares of the company's stock worth $587,000 after buying an additional 392 shares in the last quarter. (NYSE:UAA) by 36.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).

Under Armour, Inc. (UA) saw -25.08 million in free cash flow last quarter, representing a quarterly net change in cash of 92.32 million. The company also has 4.13 billion in total assets, balanced by 2.03 billion in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts. Under Armour Inc. The firm has a market capitalization of $13.27 billion, a PE ratio of 67.33 and a beta of 0.16. As of today, the company has a SMA200 (200-day simple moving average) of -36 Percent.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, October 31st. For shareholders, given the total diluted outstanding shares of 448.44 million, this means overall earnings per share of 0.12.

Analysts believe that the company has the potential to earn average revenue of $1.31 Billion for the current quarter. The count of Hold ratings in that period was 0. The business's revenue for the quarter was up 22.1% compared to the same quarter a year ago. Under Armour's revenue for the quarter was down 4.5% on a year-over-year basis. analysts forecast that Under Armour, Inc. will post 0.2 EPS for the current fiscal year.

A number of equities research analysts have commented on UA shares.

Recently, In a research report released on Wednesday morning, Under Armour (UAA) shares have had their "Underweight" Rating maintained by professional analysts at JP Morgan, who now has a $10 TP on company.

Under Armour (UAA) was lowered by analysts at Canaccord Genuity from their past "Hold" rating to a "Sell" rating in an analyst note revealed to investors on 1 November. Deutsche Bank AG downgraded shares of Under Armour from a "hold" rating to a "sell" rating in a research report on Tuesday, July 25th. The stock is now moving below its 20-Day Simple Moving Average of -15.83% with a 50-Day Simple Moving Average of -23.48 percent. The rating was maintained by UBS on Wednesday, August 2 with "Neutral".

Among 25 analysts covering Under Armour (UAA), 3 have Buy rating, 11 Sell and 11 Hold. The firm has "Buy" rating given on Friday, March 24 by Jefferies.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The disclosure for this sale can be found here. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

Under Armour, Inc.is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth.



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