Under Armour (NYSE:UAA) Given New $11.00 Price Target at Truist Financial

Under Armour (NYSE:UAA - Get Free Report) had its target price lifted by equities researchers at Truist Financial from $8.00 to $11.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's target price would indicate a potential upside of 13.70% from the stock's current price.

Several other research analysts have also commented on the company. Telsey Advisory Group reissued a "market perform" rating and set a $8.00 price objective on shares of Under Armour in a report on Monday. Argus upgraded shares of Under Armour to a "strong-buy" rating in a research report on Thursday, August 15th. Stifel Nicolaus raised their price objective on shares of Under Armour from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Barclays increased their target price on Under Armour from $6.00 to $8.00 and gave the company an "equal weight" rating in a research note on Friday, August 9th. Finally, Morgan Stanley lowered Under Armour from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $8.00 to $4.00 in a research note on Tuesday, July 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $8.76.

Under Armour Price Performance

NYSE:UAA traded down $1.46 during trading hours on Friday, hitting $9.68. The stock had a trading volume of 18,482,537 shares, compared to its average volume of 10,217,216. The company has a 50 day simple moving average of $8.43 and a two-hundred day simple moving average of $7.50. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of -53.61, a P/E/G ratio of 4.06 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. Under Armour has a one year low of $6.17 and a one year high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm's quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.02 earnings per share. Research analysts forecast that Under Armour will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Under Armour

A number of large investors have recently modified their holdings of UAA. Allspring Global Investments Holdings LLC purchased a new stake in Under Armour in the third quarter worth about $56,000. CWM LLC raised its position in shares of Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company's stock worth $73,000 after acquiring an additional 1,409 shares in the last quarter. City State Bank lifted its stake in shares of Under Armour by 292.6% in the 3rd quarter. City State Bank now owns 10,063 shares of the company's stock valued at $90,000 after purchasing an additional 7,500 shares during the period. Baker Avenue Asset Management LP bought a new stake in shares of Under Armour during the third quarter valued at approximately $92,000. Finally, KBC Group NV grew its stake in Under Armour by 39.6% in the third quarter. KBC Group NV now owns 10,659 shares of the company's stock worth $95,000 after purchasing an additional 3,024 shares during the period. Institutional investors own 34.58% of the company's stock.

About Under Armour

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.