Brokerages Set Under Armour, Inc. (NYSE:UAA) Target Price at $9.12

Under Armour, Inc. (NYSE:UAA - Get Free Report) has earned a consensus rating of "Hold" from the twenty-one research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $9.12.

UAA has been the topic of a number of research analyst reports. Barclays lowered their price target on Under Armour from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Guggenheim reissued a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. Telsey Advisory Group restated a "market perform" rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. KGI Securities initiated coverage on Under Armour in a research report on Friday, March 7th. They set a "neutral" rating and a $7.40 price target on the stock. Finally, Argus downgraded shares of Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th.

Institutional Trading of Under Armour

A number of hedge funds have recently modified their holdings of UAA. Yousif Capital Management LLC increased its holdings in Under Armour by 4.6% in the 1st quarter. Yousif Capital Management LLC now owns 68,911 shares of the company's stock valued at $431,000 after buying an additional 3,024 shares during the period. City State Bank boosted its holdings in Under Armour by 99.4% during the first quarter. City State Bank now owns 20,063 shares of the company's stock valued at $125,000 after purchasing an additional 10,000 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Under Armour by 1.3% in the 1st quarter. Rhumbline Advisers now owns 501,147 shares of the company's stock worth $3,132,000 after buying an additional 6,607 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Under Armour by 872.2% during the 1st quarter. GAMMA Investing LLC now owns 16,644 shares of the company's stock worth $104,000 after buying an additional 14,932 shares during the period. Finally, 111 Capital acquired a new stake in Under Armour in the 4th quarter valued at $412,000. Institutional investors own 34.58% of the company's stock.

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Under Armour Stock Down 4.2 %

NYSE UAA traded down $0.24 during trading hours on Friday, hitting $5.50. The company had a trading volume of 4,992,497 shares, compared to its average volume of 11,869,946. The firm's 50 day moving average is $6.53 and its 200 day moving average is $8.07. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -18.97 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. Under Armour has a fifty-two week low of $4.78 and a fifty-two week high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the prior year, the company earned $0.19 earnings per share. Sell-side analysts anticipate that Under Armour will post 0.3 earnings per share for the current fiscal year.

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.