Under Armour shares stumble as North America sales decline once again
May 02 2018
"Our first quarter results demonstrate measured progress against our focus on operational excellence and becoming a better company", said Under Armour Chairman and Chief Exexutive Kevin Plank. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Geode Capital Management LLC grew its stake in shares of Under Armour by 3.4% in the 4th quarter. On Wednesday, November 1 the stock rating was maintained by Telsey Advisory Group with "Market Perform". The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. Dimensional Fund Advisors LP now owns 867,567 shares of the company's stock worth $14,297,000 after purchasing an additional 471,134 shares during the last quarter. On Friday, December 15 the stock of Under Armour, Inc.
In other news, insider Kerry D. Chandler sold 19,643 shares of the business's stock in a transaction dated Wednesday, February 28th. (NYSE:SQ) sales have annually surged 61.20% on average, however its earnings per share growth remained at 8.60%. Some investors may track analyst targets very closely and use the data to complement their own stock analysis. 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. Under Armour, Inc. (NYSE:UA) has declined 21.75% since May 1, 2017 and is downtrending. The company has market cap of $7.29 billion. The company reported ($0.20) earnings per share for the quarter. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be viewed as positive, and a score of 100 would be seen as a negative.
The consensus estimates from Thomson Reuters are loss of $ 0.06 per share from $ 1.12 billion in revenue. (NYSE:UAA) to report $-0.05 EPS on May, 1 before the open.They anticipate $0.04 EPS change or 400.00 % from last quarter's $-0.01 EPS. (NYSE:UA) in a research report report published on Wednesday morning. Vetr upgraded shares of Under Armour from a "buy" rating to a "strong-buy" rating and set a $18.74 price target for the company in a research report on Thursday, February 22nd.
Under Armour on Tuesday signaled that spending would continue to rise, forecasting selling, general and administrative (SG&A) expenses to rise at a low double-digit percentage rate in the second quarter. Pivot points, oscillators, stochastics and all the rest aside, it's the inflection point that reigns here: Aldeyra Therapeutics Inc has a three bull (inflection point) technical rating because, while it's trading above its 10-, 50-and 200- day simple moving averages, the stock is down on the day and the 10 day moving average is below the 50 day moving average. Morgan Stanley restated a sell rating on shares of Under Armour in a research note on Saturday, July 9th.
Total analysts of 5 have positions in Under Armour (NYSE:UAA) as follows: 1 rated it a "Buy", 1 with "Sell" and 3 with "Hold". The company presently has an average rating of "Hold" and an average price target of $14.74.