Under Armour (NYSE:UAA) Stock Price Expected to Rise, UBS Group Analyst Says

Under Armour (NYSE:UAA) had its price target hoisted by investment analysts at UBS Group from $12.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 65.12% from the company’s current price.

Other research analysts have also issued research reports about the stock. Robert W. Baird upped 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. Wells Fargo & Company lifted their price objective on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday. BMO Capital Markets upped their price target on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Barclays upped their price target on shares of Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Finally, 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 research report on Monday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.76.

Under Armour Trading Down 12.9 %

Shares of UAA traded down $1.44 during trading on Friday, reaching $9.69. 10,138,250 shares of the company traded hands, compared to its average volume of 10,178,770. The stock has a market cap of $4.19 billion, a PE ratio of -53.61, a price-to-earnings-growth ratio of 4.06 and a beta of 1.66. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The stock has a 50-day simple moving average of $8.43 and a 200-day simple moving average of $7.50.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share 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 business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.02 EPS. The company’s revenue was down 10.1% compared to the same quarter last year. On average, analysts anticipate that Under Armour will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC grew its holdings in Under Armour by 20.7% during 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 during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock worth $123,000 after buying an additional 1,409 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Under Armour by 7.0% in the third quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after buying an additional 1,485 shares during the period. Texas Permanent School Fund Corp lifted 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. Finally, Sei Investments Co. increased its holdings in Under Armour by 10.2% during the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after buying an additional 1,764 shares during the last quarter. 34.58% of the stock is currently 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.