Under Armour (NYSE:UAA) Price Target Raised to $8.00 at TD Cowen

Under Armour (NYSE:UAA - Free Report) had its price target lifted by TD Cowen from $7.00 to $8.00 in a research report released on Monday, Benzinga reports. The firm currently has a hold rating on the stock.

Other analysts have also issued reports about the stock. UBS Group boosted their target price on shares of Under Armour from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Argus raised shares of Under Armour to a "strong-buy" rating in a research report on Thursday, August 15th. BMO Capital Markets raised their target price on Under Armour from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Stifel Nicolaus boosted their price target on Under Armour from $9.00 to $10.00 and gave the company a "buy" rating in a report on Friday, August 9th. Finally, Truist Financial raised their price objective on Under Armour from $7.00 to $8.00 and gave the stock a "hold" rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $7.94.

Under Armour Stock Performance

NYSE:UAA traded up $0.12 during trading hours on Monday, reaching $8.64. The company had a trading volume of 11,080,428 shares, compared to its average volume of 10,028,905. The firm's 50 day moving average price is $8.33 and its 200-day moving average price is $7.44. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of -48.00, a PEG ratio of 4.16 and a beta of 1.66. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Under Armour has a 52 week low of $6.17 and a 52 week high of $9.58.

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 analysts' consensus estimates of ($0.08) by $0.09. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. Under Armour's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 earnings per share. On average, analysts forecast that Under Armour will post 0.21 EPS for the current year.

Institutional Trading of Under Armour

Hedge funds have recently modified their holdings of the company. Jupiter Asset Management Ltd. purchased a new stake in Under Armour during the first quarter valued at $8,944,000. Dimensional Fund Advisors LP lifted its holdings in shares of Under Armour by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company's stock valued at $62,376,000 after acquiring an additional 1,051,143 shares during the last quarter. Janus Henderson Group PLC grew its position in Under Armour by 27.2% in the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company's stock worth $28,712,000 after acquiring an additional 831,202 shares in the last quarter. Lumbard & Kellner LLC bought a new stake in Under Armour during the first quarter worth approximately $3,394,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Under Armour in the 1st quarter valued at approximately $1,471,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.