Under Armour (NYSE:UAA - Get Free Report) had its price objective hoisted by equities research analysts at Barclays from $8.00 to $12.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target points to a potential upside of 25.33% from the stock's current price.
UAA has been the topic of several other reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $8.00 target price on shares of Under Armour in a research note on Monday, November 4th. Morgan Stanley downgraded Under Armour from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $8.00 to $4.00 in a research note on Tuesday, July 23rd. Robert W. Baird lifted their price target on Under Armour from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday. TD Cowen lifted their price target on Under Armour from $7.00 to $8.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus lifted their price target on Under Armour from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $9.03.
Check Out Our Latest Stock Report on UAA
Under Armour Stock Performance
Shares of UAA stock traded down $0.11 during midday trading on Monday, hitting $9.58. The company had a trading volume of 10,882,463 shares, compared to its average volume of 10,220,295. The company's 50 day simple moving average is $8.51 and its 200 day simple moving average is $7.55. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of -319.17, a PEG ratio of 4.40 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 (NYSE:UAA - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.09. Under Armour had a positive return on equity of 13.10% and a negative net margin of 0.27%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $0.02 EPS. The company's revenue was down 10.1% on a year-over-year basis. Research analysts anticipate that Under Armour will post 0.26 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Under Armour
A number of institutional investors have recently made changes to their positions in UAA. Jupiter Asset Management Ltd. acquired a new position in Under Armour in the first quarter valued at $8,944,000. Disciplined Growth Investors Inc. MN increased its stake in Under Armour by 1.3% in 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 purchasing an additional 70,731 shares during the last quarter. Texas Permanent School Fund Corp increased 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 purchasing an additional 1,746 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in Under Armour in the third quarter valued at $576,000. Finally, Blair William & Co. IL increased its stake in Under Armour by 40.3% in 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 owned by institutional investors and hedge funds.
Under Armour Company Profile
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Get Free Report)
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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