Under Armour, Inc. (NYSE:UAA) Receives $7.57 Consensus Target Price from Analysts

Shares of Under Armour, Inc. (NYSE:UAA) have earned a consensus rating of “Hold” from the eighteen analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $7.57.

Several equities analysts have weighed in on UAA shares. Wedbush lifted their price objective on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Argus upgraded shares of Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Morgan Stanley lowered shares of Under Armour from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. BMO Capital Markets upped their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Barclays lifted their price objective on shares of Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th.

Under Armour Price Performance

Under Armour stock opened at $8.86 on Wednesday. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 4.32 and a beta of 1.65. The stock’s 50 day moving average is $7.67 and its 200-day moving average is $7.13. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Under Armour has a 12 month low of $6.17 and a 12 month high of $9.50.

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

Institutional Investors Weigh In On Under Armour

A number of institutional investors and hedge funds have recently bought and sold shares of UAA. Teacher Retirement System of Texas raised its stake in Under Armour by 39.3% in the 4th quarter. Teacher Retirement System of Texas now owns 27,524 shares of the company’s stock valued at $242,000 after acquiring an additional 7,771 shares during the period. Norges Bank purchased a new position in Under Armour during the fourth quarter worth about $10,348,000. Commerce Bank increased its position in shares of Under Armour by 101.2% in the fourth quarter. Commerce Bank now owns 51,912 shares of the company’s stock worth $456,000 after purchasing an additional 26,107 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Under Armour in the 4th quarter worth $100,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Under Armour during the fourth quarter valued at about $1,204,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

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.