Truist Financial Raises Under Armour (NYSE:UAA) Price Target to $11.00

Under Armour (NYSE:UAA) had its price objective upped by Truist Financial from $8.00 to $11.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 13.64% from the company’s current price.

A number of other research firms also recently issued reports on UAA. Wedbush lifted 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. Stifel Nicolaus lifted their price objective 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. Morgan Stanley downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $4.00 in a report on Tuesday, July 23rd. UBS Group lifted their price objective on shares of Under Armour from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” 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 given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and an average price target of $8.78.

Under Armour Stock Performance

Shares of UAA stock opened at $9.68 on Friday. The firm has a fifty 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 quick ratio of 1.08 and a current ratio of 1.73. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.11. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.10%. Analysts expect that Under Armour will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Several institutional investors have recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. bought a new stake in shares of Under Armour during the first quarter valued at about $8,944,000. Dimensional Fund Advisors LP increased its position in shares of Under Armour by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after buying an additional 1,051,143 shares during the period. Janus Henderson Group PLC increased its position in shares of Under Armour by 27.2% during the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock valued at $28,712,000 after buying an additional 831,202 shares during the period. Lumbard & Kellner LLC bought a new stake in shares of Under Armour during the first quarter valued at about $3,394,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Under Armour during the first quarter valued at about $1,471,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

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.