Analysts Set Under Armour, Inc. (NYSE:UAA) Target Price at $9.03

Shares of Under Armour, Inc. (NYSE:UAA - Get Free Report) have received an average recommendation of "Hold" from the twenty research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $9.03.

A number of analysts recently issued reports on the company. Argus upgraded Under Armour to a "strong-buy" rating in a research report on Thursday, August 15th. 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, November 4th. Wedbush raised their target price on shares of Under Armour from $8.00 to $8.50 and gave the company an "outperform" rating in a research note on Friday, August 9th. Truist Financial lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Finally, Barclays increased their price target on shares of Under Armour from $8.00 to $12.00 and gave the stock an "equal weight" rating in a report on Monday.

Under Armour Stock Performance

Shares of UAA traded up $0.05 during trading hours on Thursday, hitting $9.85. The company's stock had a trading volume of 10,752,454 shares, compared to its average volume of 10,260,102. The business has a 50 day simple moving average of $8.57 and a two-hundred day simple moving average of $7.58. The company has a market cap of $4.26 billion, a price-to-earnings ratio of -326.56, a PEG ratio of 3.59 and a beta of 1.66. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jupiter Asset Management Ltd. bought a new stake in Under Armour during the first quarter valued at about $8,944,000. Disciplined Growth Investors Inc. MN raised its position in shares of Under Armour by 1.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company's stock valued at $36,102,000 after buying an additional 70,731 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Under Armour by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company's stock worth $1,216,000 after buying an additional 1,746 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Under Armour during the third quarter worth $576,000. Finally, Blair William & Co. IL grew its stake in Under Armour by 40.3% during the first quarter. Blair William & Co. IL now owns 31,158 shares of the company's stock valued at $230,000 after acquiring an additional 8,950 shares in the last quarter. Institutional investors own 34.58% of the company's stock.

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.