Under Armour (NYSE:UAA) PT Raised to $12.00 at UBS Group

Under Armour (NYSE:UAA) had its target price upped by equities research analysts at UBS Group from $11.00 to $12.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 37.46% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Wedbush boosted their target price on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus boosted their target price on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Truist Financial boosted their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Argus raised shares of Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Morgan Stanley cut shares of Under Armour from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $4.00 in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.87.

Under Armour Price Performance

Shares of NYSE UAA traded up $0.17 during midday trading on Thursday, reaching $8.73. The company’s stock had a trading volume of 4,503,878 shares, compared to its average volume of 10,041,713. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $9.58. The business’s 50 day moving average price is $8.29 and its two-hundred day moving average price is $7.33. The company has a market cap of $3.77 billion, a P/E ratio of -48.50, a P/E/G 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. 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 firm’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share. On average, analysts forecast that Under Armour will post 0.21 EPS for the current fiscal year.

Institutional Trading of Under Armour

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jupiter Asset Management Ltd. purchased a new stake in shares of Under Armour during the 1st quarter valued at $8,944,000. Disciplined Growth Investors Inc. MN raised its position in shares of Under Armour by 1.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after buying an additional 70,731 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of 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. Texas Permanent School Fund Corp raised its position in shares of Under Armour by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock valued at $1,216,000 after buying an additional 1,746 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Under Armour by 24.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 89,941 shares of the company’s stock valued at $664,000 after buying an additional 17,399 shares in the last quarter. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

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.