Benchmark Co. Initiates Coverage on Under Armour (UA)
Under Armour traded up 0.48% on Wednesday, hitting $94.388. Under Armour has a 1-year low of $52.62 and a 1-year high of $102.86. The company has a market cap of $4.921 billion and a price-to-earnings ratio of 49.52.
Under Armour last released its earnings data on Friday, April 20th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. Analysts expect that Under Armour will post $1.06 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at UBS AG (NYSE: UBS) upgraded shares of Under Armour from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $105.00 price target on the stock, up previously from $100.00. They noted that the move was a valuation call. Finally, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Under Armour from $106.00 to $116.00 in a research note to investors on Monday, April 23rd. They now have an “overweight” rating on the stock.
Under Armour, Inc. (Under Armour) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.