Under Armour Sales Crack Under the Weight of Lagging US Demand

Under Armour

State Street Corp Sells 7463644 Shares of Under Armour, Inc. (UA)

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It's starting to get real spooky at Under Armour Inc. (:UAA) stock. Over the past few months, insider ownership has seen a move of 0.00% while institutional ownership has changed 0.08%. Harbour Capital Advisors LLC raised its stake in shares of Under Armour by 665.0% in the 2nd quarter. State Street Corp owned 1.65% of Under Armour worth $146,255,000 at the end of the most recent quarter. Arizona State Retirement System now owns 49,300 shares of the apparel retailer's stock valued at $4,182,000 after buying an additional 500 shares during the period. Keeping a balanced and diversified portfolio can help manage the risk associated with investing in the stock market.

While creating new excitement around its footwear has been a challenge for Under Armour over the past few months, that segment of the business experienced a modest 2 percent sales gain, to $285 million, driven by strength in running and outdoor, offset by basketball and youth. (NYSE:UAA) was gathering the crowd in the stock market.

Other equities analysts also recently issued research reports about the company. The company has a market capitalization of $6.35 billion, a PE ratio of 29.15 and a beta of 1.15.

Under Armour Inc UAA.N slashed 2017 forecasts and reported its first quarterly fall in revenue since going public as the sportswear firm struggled against fierce competition from Nike NKE.N and Adidas ADSGn.DE in North America. Analysts on average had expected $1.48 billion, according to Thomson Reuters I/B/E/S. Under Armour had a return on equity of 11.06% and a net margin of 4.38%.

For the latest quarter, Under Armour's North America sales were down 12%, while global revenue climbed 35%.

While considering EPS estimates of the company, it has next quarter growth estimates of 0.21 whereas during current year it has 0.37 estimations over growth, comparing to the estimations of 0.43 during next year. Vetr upgraded Under Armour from a hold rating to a buy rating and set a $22.36 price objective on the stock in a research report on Monday, July 10th.

On 10/17/2017, Stifel Nicolaus released a statement on Under Armour (NYSE:UAA) upped the target price from $0.00 to $18.00 that suggested an upside of 0.10%. Finally, Canaccord Genuity dropped their price target on shares of Under Armour from $21.00 to $18.00 and set a "hold" rating for the company in a research report on Wednesday, August 2nd.

Sell-side analysts have also provided a consensus recommendation of 3.10 on company shares. Looking back over the last month, shares have performed -2.55%. (UAA). Moving averages have the ability to be used as a powerful indicator for technical stock analysis.

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