UBS Group Raises Under Armour (NYSE:UAA) Price Target to $12.00

Under Armour (NYSE:UAA) had its price target raised by UBS Group from $11.00 to $12.00 in a report released on Thursday, Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus lifted their price objective on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 9th. Barclays upped their price target 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. BMO Capital Markets increased their price objective on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Argus raised shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Finally, Morgan Stanley downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Under Armour has an average rating of “Hold” and an average price target of $7.87.

Under Armour Stock Up 0.8 %

Shares of UAA stock opened at $8.65 on Thursday. Under Armour has a one year low of $6.17 and a one year high of $9.58. 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 fifty day moving average price of $8.30 and a 200 day moving average price of $7.34. The stock has a market cap of $3.74 billion, a P/E ratio of -47.66, a price-to-earnings-growth ratio of 4.36 and a beta of 1.66.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) 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 company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the company posted $0.02 EPS. The business’s revenue was down 10.1% on a year-over-year basis. Analysts predict that Under Armour will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. CWM LLC lifted its stake in shares of 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 acquiring an additional 1,409 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after purchasing an additional 1,409 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Under Armour by 7.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after purchasing an additional 1,485 shares during the last quarter. Privium Fund Management B.V. grew its position in shares of Under Armour by 0.8% during the 1st quarter. Privium Fund Management B.V. now owns 222,900 shares of the company’s stock worth $1,645,000 after buying an additional 1,700 shares during the period. Finally, Texas Permanent School Fund Corp raised its stake in shares of Under Armour by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after buying an additional 1,746 shares during the last quarter. 34.58% of the stock is currently owned by 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.