Under Armour (NYSE:UAA) Given New $10.00 Price Target at Robert W. Baird

Under Armour (NYSE:UAA) had its price target raised by Robert W. Baird from $8.00 to $10.00 in a research report report published on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

UAA has been the subject of a number of other research reports. UBS Group boosted their price objective on Under Armour from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Wedbush increased their price objective on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Friday, August 9th. Barclays increased their target price on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. TD Cowen lifted their price objective on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus boosted their price target on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $8.76.

Under Armour Stock Performance

UAA traded down $1.45 during trading on Friday, reaching $9.68. 18,487,233 shares of the company’s stock were exchanged, compared to its average volume of 10,217,216. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. The stock has a market capitalization of $4.18 billion, a P/E ratio of -53.75, a price-to-earnings-growth ratio of 4.06 and a beta of 1.66. The company’s fifty day simple moving average is $8.47 and its 200-day simple moving average is $7.52.

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. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. As a group, research analysts predict that Under Armour will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Several large investors have recently modified their holdings of the stock. Moors & Cabot Inc. purchased a new position in Under Armour in the third quarter worth $154,000. Ontario Teachers Pension Plan Board purchased a new stake in Under Armour in the third quarter worth about $1,488,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Under Armour in the third quarter worth approximately $1,700,000. Caprock Group LLC bought a new position in Under Armour in the third quarter worth approximately $106,000. 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 valued at $95,000 after purchasing an additional 3,024 shares during the period. Hedge funds and other institutional investors 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.