Under Armour (NYSE:UAA) Price Target Raised to $16.00

Under Armour (NYSE:UAA - Free Report) had its price target upped by UBS Group from $12.00 to $16.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on UAA. Wedbush lifted their target price on shares of Under Armour from $8.00 to $8.50 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Barclays boosted their target price on Under Armour from $6.00 to $8.00 and gave the stock an "equal weight" rating in a report on Friday, August 9th. Argus upgraded shares of Under Armour to a "strong-buy" rating in a research note on Thursday, August 15th. TD Cowen increased their price objective on Under Armour from $7.00 to $8.00 and gave the company a "hold" rating in a research report on Monday. Finally, Stifel Nicolaus raised their target price on shares of Under Armour from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $8.76.

Under Armour Price Performance

NYSE:UAA traded down $1.46 during trading hours on Friday, hitting $9.68. The stock had a trading volume of 18,482,537 shares, compared to its average volume of 10,217,216. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of -53.75, a P/E/G ratio of 4.06 and a beta of 1.66. Under Armour has a one year low of $6.17 and a one year high of $11.89. The company has a 50 day simple moving average of $8.47 and a two-hundred day simple moving average of $7.52. 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 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. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $0.02 EPS. The firm's revenue was down 10.1% compared to the same quarter last year. Research analysts forecast that Under Armour will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Several institutional investors and hedge funds have recently modified their holdings of the stock. Moors & Cabot Inc. bought a new position in shares of Under Armour during the 3rd quarter valued at approximately $154,000. Ontario Teachers Pension Plan Board bought a new position in shares of Under Armour in the third quarter worth about $1,488,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Under Armour in the third quarter valued at approximately $1,700,000. Caprock Group LLC purchased a new stake in shares of Under Armour in the 3rd quarter worth approximately $106,000. Finally, KBC Group NV boosted its position in Under Armour by 39.6% during the 3rd quarter. KBC Group NV now owns 10,659 shares of the company's stock valued at $95,000 after acquiring an additional 3,024 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.