Finally, Raymond James restated a "sell" rating on shares of Under Armour in a report on Tuesday, February 13th. Pivotal Research set a $14.00 target price on shares of Under Armour and gave the stock a "hold" rating in a report on Monday, February 12th. Fifteen analysts surveyed by Zacks expected $1.12 billion. Deutsche Bank upgraded shares of Under Armour to a "hold" rating and set a $16.00 target price for the company in a report on Monday, April 23rd. ABM Industries Incorporated (NYSE:ABM) has a Price to Book ratio of 1.443563. Under Armour has a 12-month low of $30.63 and a 12-month high of $48.77. (NYSE:UAA) is 31.288547. This ratio is calculated by dividing the market value of a company by cash from operating activities. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.
The consensus estimates from Thomson Reuters are loss of $ 0.06 per share from $ 1.12 billion in revenue. 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 quarterly performance for the stock is -11.25%, while the half-yearly performance is -3.23%.
The firm posted a net loss of $30 million, or 7 cents per diluted share, which was wider than last year's net loss of $2.3 million, or 1 cents per diluted share. The company's revenue for the quarter was up 22.1% compared to the same quarter a year ago. The company had breakeven adjusted earnings per share, better than the US$0.05 loss per share analysts had penciled in.
Under Armour is facing brutal competition from Nike Inc and Germany's Adidas AG and Puma in the United States, where the bankruptcies of US sporting goods retailers have also weighed on sales. The company rating was downgraded by Suntrust Robinson on Wednesday, November 1. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
On 5/9/2017 Kerry D Chandler, Insider, sold 5,921 with an average share price of $21.38 per share and the total transaction amounting to $126,590.98. The stock was sold at an average price of $40.00, for a total value of $1,389,040.00.
This has been considered a down and out stock for so long now that it's just hard for the company to get any traction, even with good news. The disclosure for this sale can be found here.
"Our first quarter results demonstrate measured progress against our focus on operational excellence and becoming a better company", chairman and CEO Kevin Plank said in a statement. Canada Pension Plan Investment Board raised its position in Under Armour by 92.3% in the first quarter.
The stock decreased 0.13% or $0.02 during the last trading session, reaching $15.35. Nationwide Fund Advisors boosted its stake in shares of Under Armour by 6.8% during the 3rd quarter. These moves, at least in the short-term, are generally observed in an institutional ownership mix comprising of active stock pickers, in particular levered hedge funds, which can cause large price swings.