Truist Financial Issues Positive Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its price target lifted by Truist Financial from $8.00 to $11.00 in a report issued on Friday,Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages have also recently issued reports on UAA. Wedbush increased their target price on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a report on Friday, August 9th. UBS Group increased their price objective on Under Armour from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their price objective on Under Armour from $9.00 to $10.00 and gave the company a “buy” 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 company an “outperform” rating in a research report on Monday, September 16th. Finally, Robert W. Baird lifted their target price on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.76.

Under Armour Stock Down 13.0 %

NYSE:UAA traded down $1.45 during trading hours on Friday, hitting $9.68. 18,487,233 shares of the company’s stock traded hands, compared to its average volume of 10,217,216. The firm has a market cap of $4.18 billion, a P/E ratio of -53.75, a P/E/G ratio of 4.06 and a beta of 1.66. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. The stock’s fifty day moving average price is $8.47 and its two-hundred day moving average price is $7.52.

Under Armour (NYSE:UAA) last announced its earnings results 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 firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $0.02 EPS. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. On average, research analysts expect that Under Armour will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Under Armour during the third quarter valued at $56,000. CWM LLC boosted its position 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 purchasing an additional 1,409 shares in the last quarter. City State Bank boosted its position in shares of Under Armour by 292.6% during the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after purchasing an additional 7,500 shares in the last quarter. Baker Avenue Asset Management LP bought a new position in shares of Under Armour during the 3rd quarter worth about $92,000. Finally, KBC Group NV boosted 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 worth $95,000 after purchasing an additional 3,024 shares in 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.