BMO Capital Markets Increases Under Armour (NYSE:UAA) Price Target to $11.00

Under Armour (NYSE:UAA - Get Free Report) had its target price hoisted by stock analysts at BMO Capital Markets from $10.00 to $11.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price target suggests a potential upside of 38.89% from the company's current price.

Several other equities research analysts have also recently commented on the stock. Truist Financial boosted their price target on shares of Under Armour from $7.00 to $8.00 and gave the stock a "hold" rating in a research report on Friday, August 9th. Wedbush upped their target price on shares of Under Armour from $8.00 to $8.50 and gave the company an "outperform" rating in a report on Friday, August 9th. Stifel Nicolaus upped their target price on shares of Under Armour from $9.00 to $10.00 and gave the company a "buy" rating in a report on Friday, August 9th. Barclays upped their target price on shares of Under Armour from $6.00 to $8.00 and gave the company an "equal weight" rating in a report on Friday, August 9th. Finally, Argus raised shares of Under Armour to a "strong-buy" rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Under Armour presently has a consensus rating of "Hold" and an average target price of $7.57.

Under Armour Stock Up 3.5 %

UAA traded up $0.27 during trading on Monday, hitting $7.92. The company had a trading volume of 14,841,607 shares, compared to its average volume of 9,663,612. The company has a market capitalization of $3.42 billion, a PE ratio of 14.26, a PEG ratio of 3.53 and a beta of 1.65. Under Armour has a one year low of $6.17 and a one year high of $9.50. The firm's 50-day moving average price is $7.36 and its 200 day moving average price is $7.15. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.14 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The firm's revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. As a group, equities analysts expect that Under Armour will post 0.21 earnings per share for the current year.

Institutional Trading of Under Armour

A number of institutional investors and hedge funds have recently made changes to their positions in UAA. Hexagon Capital Partners LLC lifted its stake in Under Armour by 101.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company's stock valued at $28,000 after purchasing an additional 1,890 shares during the last quarter. Optas LLC bought a new position in Under Armour in the 2nd quarter valued at approximately $72,000. Innealta Capital LLC bought a new position in Under Armour in the 4th quarter valued at approximately $100,000. Koss Olinger Consulting LLC bought a new position in Under Armour in the 2nd quarter valued at approximately $79,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Under Armour in the 2nd quarter valued at approximately $80,000. Institutional investors own 34.58% of the company's stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.