Under Armour (NYSE:UAA) Given New $11.00 Price Target at BMO Capital Markets

Under Armour (NYSE:UAA) had its price objective lifted by analysts at BMO Capital Markets from $10.00 to $11.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 42.86% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Truist Financial upped their target price on shares of Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Oppenheimer cut shares of Under Armour from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 23rd. Wedbush upped their target price on shares of 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 price objective on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Morgan Stanley cut shares of Under Armour from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $8.00 to $4.00 in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.57.

Under Armour Stock Performance

Shares of UAA stock opened at $7.70 on Monday. 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 company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 3.53 and a beta of 1.65. The company’s 50-day moving average is $7.36 and its 200 day moving average is $7.15. Under Armour has a one year low of $6.17 and a one year high of $9.50.

Under Armour (NYSE:UAA) last posted its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS. Sell-side analysts expect that Under Armour will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its stake in Under Armour by 39.3% during the 4th quarter. Teacher Retirement System of Texas now owns 27,524 shares of the company’s stock worth $242,000 after acquiring an additional 7,771 shares during the period. Dimensional Fund Advisors LP grew its holdings in Under Armour by 29.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock valued at $62,893,000 after buying an additional 1,636,634 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Under Armour during the 1st quarter valued at approximately $8,944,000. Virtu Financial LLC purchased a new stake in Under Armour during the 4th quarter valued at approximately $440,000. Finally, Hexagon Capital Partners LLC grew its holdings in Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after buying an additional 1,890 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.