Barclays Issues Positive Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its price objective increased by Barclays from $8.00 to $12.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research firms have also weighed in on UAA. Stifel Nicolaus lifted their price objective on shares of Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Truist Financial lifted their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday. TD Cowen increased their price target on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Robert W. Baird raised their price objective on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $8.00 target price on shares of Under Armour in a research report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Under Armour currently has a consensus rating of “Hold” and an average target price of $9.03.

Under Armour Stock Performance

UAA traded up $0.05 on Monday, hitting $9.63. 880,089 shares of the company traded hands, compared to its average volume of 10,177,760. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The company has a 50 day moving average of $8.51 and a 200-day moving average of $7.55. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.16 billion, a PE ratio of -319.17, a PEG ratio of 4.40 and a beta of 1.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UAA. Allspring Global Investments Holdings LLC purchased a new position in Under Armour during the 3rd quarter valued at about $56,000. CWM LLC lifted its holdings in shares of Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares in the last quarter. City State Bank grew its position in shares of Under Armour by 292.6% in the third quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after purchasing an additional 7,500 shares during the last quarter. Baker Avenue Asset Management LP purchased a new position in shares of Under Armour during the 3rd quarter worth approximately $92,000. Finally, KBC Group NV raised its position in shares of Under Armour by 39.6% during the 3rd quarter. KBC Group NV now owns 10,659 shares of the company’s stock worth $95,000 after purchasing an additional 3,024 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

About Under Armour

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.