Under Armour (NYSE:UAA) Price Target Raised to $8.00

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

Several other brokerages have also recently weighed in on UAA. Morgan Stanley cut Under Armour from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $8.00 to $4.00 in a report on Tuesday, July 23rd. Wedbush boosted their price target on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Argus raised shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. BMO Capital Markets increased their target price on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Barclays raised their price objective on Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.94.

Under Armour Trading Down 1.2 %

NYSE UAA opened at $8.75 on Monday. Under Armour has a 12 month low of $6.17 and a 12 month high of $9.58. The company’s 50-day moving average price is $8.37 and its 200-day moving average price is $7.47. The stock has a market cap of $3.78 billion, a PE ratio of -48.61, a PEG ratio of 4.02 and a beta of 1.66. 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 issued its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 EPS. Equities research analysts forecast that Under Armour will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of UAA. Allspring Global Investments Holdings LLC purchased a new position in shares of Under Armour during the 3rd quarter valued at approximately $56,000. Optas LLC acquired a new position in shares of Under Armour in the second quarter worth about $72,000. CWM LLC boosted its stake in shares of Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares in the last quarter. Koss Olinger Consulting LLC acquired a new stake in shares of Under Armour during the 2nd quarter valued at about $79,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Under Armour in the 2nd quarter valued at about $80,000. 34.58% of the stock is owned by institutional investors and hedge funds.

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.