UBS Group Raises Under Armour (NYSE:UAA) Price Target to $12.00

Under Armour (NYSE:UAA) had its price objective lifted by UBS Group from $11.00 to $12.00 in a research report report published on Thursday morning, Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other brokerages have also commented on UAA. Truist Financial increased their price objective on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a report on Friday, August 9th. Barclays raised their target price on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Stifel Nicolaus raised their target price on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Wedbush raised their target price on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets raised their target price on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Under Armour presently has an average rating of “Hold” and a consensus price target of $7.87.

Under Armour Stock Up 0.6 %

Shares of NYSE UAA opened at $8.63 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.77 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 4.36 and a beta of 1.66. The stock’s fifty day simple moving average is $8.31 and its two-hundred day simple moving average is $7.36. Under Armour has a 12-month low of $6.17 and a 12-month high of $9.58.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $0.02 EPS. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, analysts expect that Under Armour will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Under Armour

A number of institutional investors have recently modified their holdings of UAA. Hexagon Capital Partners LLC grew its position in shares of Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after acquiring an additional 1,890 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Under Armour during the 3rd quarter valued at about $56,000. Optas LLC acquired a new stake in shares of Under Armour during the 2nd quarter valued at about $72,000. CWM LLC grew its position in shares of Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after acquiring an additional 1,409 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of Under Armour during the 2nd quarter valued at about $79,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.