Under Armour (NYSE:UAA) Stock Price Up 8.7%

Under Armour, Inc. (NYSE:UAA) shares were up 8.7% on Thursday . The company traded as high as $7.40 and last traded at $7.38. Approximately 21,098,264 shares changed hands during mid-day trading, an increase of 121% from the average daily volume of 9,558,500 shares. The stock had previously closed at $6.79.

Analysts Set New Price Targets

A number of research firms have commented on UAA. Stifel Nicolaus boosted their price target 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. Bank of America reduced their price target on shares of Under Armour from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, May 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 target price on shares of Under Armour in a research report on Monday, August 5th. Evercore ISI lowered their target price on Under Armour from $7.00 to $6.00 and set an “underperform” rating for the company in a research note on Friday, May 17th. Finally, Barclays lifted their price target on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.50.

Under Armour Stock Performance

The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $7.36 and its 200-day moving average is $7.18. The company has a market capitalization of $3.34 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 3.28 and a beta of 1.65.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 earnings per share. Equities analysts anticipate that Under Armour, Inc. will post 0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently modified their holdings of UAA. Vanguard Group Inc. raised its position in Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock worth $134,665,000 after acquiring an additional 173,817 shares during the period. Dimensional Fund Advisors LP lifted its position in Under Armour by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after purchasing an additional 1,051,143 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in Under Armour by 1.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after buying an additional 70,731 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Under Armour by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,411 shares of the company’s stock worth $36,456,000 after acquiring an additional 203,666 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Under Armour by 27.2% during the 1st quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock valued at $28,712,000 after purchasing an additional 831,202 shares during the period. 34.58% of the stock is owned by institutional investors.

Under Armour Company Profile

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.