Under Armour (NYSE:UAA - Free Report) had its price target upped by Robert W. Baird from $8.00 to $10.00 in a report issued on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.
Other research analysts also recently issued research reports about the stock. UBS Group upped their price objective on shares of Under Armour from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Wedbush upped their price target on shares of Under Armour from $8.00 to $8.50 and gave the stock an "outperform" rating in a research report on Friday, August 9th. Morgan Stanley downgraded shares of Under Armour from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $8.00 to $4.00 in a research note on Tuesday, July 23rd. Stifel Nicolaus upped their price objective on Under Armour from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Finally, Barclays increased their target price on Under Armour from $6.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Friday, August 9th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.76.
Check Out Our Latest Stock Analysis on Under Armour
Under Armour Trading Down 13.1 %
Shares of NYSE:UAA traded down $1.46 during trading on Friday, reaching $9.68. The stock had a trading volume of 18,482,537 shares, compared to its average volume of 10,217,216. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The business has a fifty day moving average price of $8.43 and a 200-day moving average price of $7.50. The stock has a market cap of $4.18 billion, a P/E ratio of -53.61, a PEG ratio of 4.06 and a beta of 1.66. 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 issued its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.09. The company had revenue of $1.18 billion for 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 business'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 company posted $0.02 EPS. As a group, analysts anticipate 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 institutional investors have recently made changes to their positions in the company. Jupiter Asset Management Ltd. acquired a new position in Under Armour in the first quarter worth $8,944,000. Disciplined Growth Investors Inc. MN raised its stake in 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 worth $36,102,000 after acquiring an additional 70,731 shares during the period. Texas Permanent School Fund Corp boosted its stake in Under Armour by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company's stock valued at $1,216,000 after acquiring an additional 1,746 shares during the period. China Universal Asset Management Co. Ltd. bought a new position in shares of Under Armour during the third quarter valued at approximately $576,000. Finally, Blair William & Co. IL grew its holdings in shares of 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 purchasing an additional 8,950 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors.
Under Armour Company Profile
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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.
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