Under Armour (NYSE:UAA) Given New $8.00 Price Target at TD Cowen

Under Armour (NYSE:UAA) had its target price increased by TD Cowen from $7.00 to $8.00 in a research note published on Monday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Several other research firms have also commented on UAA. Morgan Stanley lowered Under Armour from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Stifel Nicolaus upped their price objective on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Truist Financial raised their target price on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, August 9th. UBS Group upped their price target on shares of Under Armour from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Wedbush increased their price objective on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.94.

Under Armour Stock Performance

UAA stock opened at $11.12 on Monday. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89. The firm has a fifty day moving average price of $8.43 and a two-hundred day moving average price of $7.50. 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 (NYSE:UAA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating 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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $0.02 EPS. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, analysts anticipate that Under Armour will post 0.22 EPS for the current fiscal year.

Institutional Trading of Under Armour

Several institutional investors have recently modified their holdings of the company. Jupiter Asset Management Ltd. acquired a new position in Under Armour during the first quarter worth about $8,944,000. Disciplined Growth Investors Inc. MN grew its stake in shares of Under Armour by 1.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after purchasing an additional 70,731 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Under Armour by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after purchasing an additional 1,746 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Under Armour by 24.0% during the first quarter. Commonwealth Equity Services LLC now owns 89,941 shares of the company’s stock valued at $664,000 after purchasing an additional 17,399 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. bought a new stake in Under Armour during the third quarter worth approximately $576,000. Institutional investors and hedge funds 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.