Does Under Armour Inc have investment appeal after today's first quarter results?

Marcus Newton
May 2, 2018

The institutional investor owned 34,843 shares of the company's stock after selling 59,141 shares during the period. Active and passive investors always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data.

A number of equities research analysts have recently issued reports on the company.

Under Armour's stock slipped 2.9% to US$17.25 in pre-market trading on Tuesday. P/S ratio of 1.48 reflects the value placed on sales by the market. Mariner Wealth Advisors LLC now owns 3,018 shares of the apparel retailer's stock worth $256,000 after buying an additional 240 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Under Armour by 6.8% during the 3rd quarter. Also, Director Byron K. Adams, Jr. sold 34,726 shares of the business's stock in a transaction dated Friday, August 5th. As of March 29th, there was short interest totalling 67,660,377 shares, an increase of 8.5% from the March 15th total of 62,383,303 shares.

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As expected by Wedbush analysts, Under Armour affirmed the outlook for the year from February, with expectations for net revenue to rise at a low single-digit percentage rate reflecting a mid-single-digit decline in North America and global growth of greater than 25%. The company has market cap of $7.29 billion.

In this analysis, my focus will be on developing a perspective on Under Armour Inc's (NYSE:UAA) latest ownership structure, a less discussed, but important factor. Analysts forecast $-0.05 EPS, which is $0.04 down or 400.00 % from 2017's $-0.01 EPS. Under Armour had a positive return on equity of 9.38% and a negative net margin of 0.97%. Thomson Reuters has consensus estimates of a net loss of $0.06 per share and $1.12 billion in revenue. (NYSE:UAA) posting a 0.90% after which it closed the day' session at $17.99 and sees an average of 6.78M shares trade hands in each session while it's while its relative trading volume is 1.81. (NYSE:UA) in a research report report published on Wednesday morning. Most of the ratings will seem quite muted, but investors need to understand that analysts felt burned for so long defending this company on the way down that they are going to be very reluctant to tell their clients to buy the shares. Macquarie downgraded shares of Under Armour from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $10.00 to $8.00 in a research report on Tuesday, January 16th. (NYSE:UAA) has "Hold" rating given by Suntrust Robinson. Morgan Stanley restated a sell rating on shares of Under Armour in a research note on Saturday, July 9th. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The stock presently has a consensus rating of "Hold" and a consensus target price of $14.96.

Within the worldwide business, revenue in Europe, the Middle East and Africa rose 23% (13% currency neutral), in Asia-Pacific revenue rose 35% (28% currency neutral) and in Latin America revenue rose 21% (14% currency neutral), according to a company press release.

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