Published: Wed, November 01, 2017
Economy | By Shawn Conner

Under Armour Inc (UAA) Plunges Amid Mixed Earnings, Significantly Weaker Guidance

Under Armour Inc (UAA) Plunges Amid Mixed Earnings, Significantly Weaker Guidance

The shares touched a four-year low of $15.53 earlier, after BofA-Merrill Lynch downgraded the stock to "underperform" from "neutral", and almost halved its price target to $12 from $21. Wells Fargo & Company's price objective suggests a potential downside of 25.37% from the stock's previous close.

Analysts have also been rather bearish toward UAA stock ahead of the company's earnings report. The price to earnings growth is 6.04 and the price to sales ratio is 17. Jefferies Group LLC reiterated a "buy" rating and set a $28.00 price target on shares of Under Armour in a research note on Friday, October 13th. Abbot Financial Management Inc. acquired a new position in Under Armour during the 3rd quarter valued at about $153,000. Nine research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company's stock.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.

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Class C (NYSE:UA) last traded at $11.53 seeing a daily low of $11.40 and a high of $13.36. The company's stock had a trading volume of 26,413,610 shares.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $7.00B. UAA's latest closing price was -17.35% away from the average price of 200 days while it maintained a distance of -2.08% from the 50 Day Moving Average and -0.69% away compared to its SMA 20. The company reported ($0.03) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.07) by $0.04. Analysts review historical return data when trying to predict future returns or to estimate how a security might react to a particular situation, such as a drop in consumer demand.

Under Armour, Inc. (NYSE:UAA) gross margin percentage stands at 45.9% while its operating margin for the past trailing twelve month is 7.3 percent and its overall profit margin (ttm) is 4.4 Percent. Speaking of inventory, that metric surged 22% to $1.2 billion, indicating the company is having trouble moving enough merchandise to keep up with production. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.19 for the quarter. If you are reading this report on another publication, it was illegally stolen and reposted in violation of USA & global trademark and copyright law.

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Third-quarter adjusted earnings per share was $0.22.

Revenues fell 4.5% from past year to $1.41 billion, however, missing analysts' view for $1.49 billion. Baillie Gifford & Co. now owns 2,766,112 shares of the company's stock valued at $41,547,000 after acquiring an additional 12,110 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Under Armour during the third quarter valued at about $196,000.

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Now the stock price is moving 20.86% off from the highest level of twelve months and +46.22% above from twelve months low. The business had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.61 billion.

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