Under Armour (NYSE:UAA) Price Target Raised to $11.00 at Wells Fargo & Company

Under Armour (NYSE:UAA - Get Free Report) had its price target lifted by equities research analysts at Wells Fargo & Company from $8.00 to $11.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 13.70% from the company's current price.

Other equities analysts have also issued research reports about the stock. Morgan Stanley lowered shares of Under Armour from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. TD Cowen raised their price objective on Under Armour from $7.00 to $8.00 and gave the company a "hold" rating in a research note on Monday. Stifel Nicolaus lifted 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. Truist Financial increased their target price on Under Armour from $8.00 to $11.00 and gave the company a "hold" rating in a report on Friday. Finally, UBS Group raised their price target on Under Armour from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Under Armour currently has a consensus rating of "Hold" and a consensus price target of $8.76.

Under Armour Price Performance

Shares of Under Armour stock traded down $1.46 on Friday, hitting $9.68. 18,482,537 shares of the company traded hands, compared to its average volume of 10,217,216. The company has a market cap of $4.18 billion, a P/E ratio of -53.75, a P/E/G ratio of 4.06 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 12-month low of $6.17 and a 12-month high of $11.89. The firm's 50-day simple moving average is $8.47 and its 200 day simple moving average is $7.52.

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, topping analysts' consensus estimates of ($0.08) by $0.09. The firm 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%. The company's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. Analysts expect that Under Armour will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Under Armour

Several institutional investors and hedge funds have recently bought and sold shares of UAA. 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. Wealth Enhancement Advisory Services LLC grew its stake in Under Armour by 11.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company's stock worth $123,000 after purchasing an additional 1,409 shares during the period. State of Alaska Department of Revenue raised its holdings in Under Armour by 7.0% in the third quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company's stock worth $203,000 after purchasing an additional 1,485 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in Under Armour by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company's stock valued at $1,216,000 after buying an additional 1,746 shares during the period. Finally, Sei Investments Co. lifted its position in Under Armour by 10.2% during the second quarter. Sei Investments Co. now owns 18,989 shares of the company's stock valued at $127,000 after buying an additional 1,764 shares during the period. 34.58% of the stock is currently 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.