BMO Capital Markets Boosts Under Armour (NYSE:UAA) Price Target to $11.00

Under Armour (NYSE:UAA) had its target price lifted by BMO Capital Markets from $10.00 to $11.00 in a research note released on Monday, Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages also recently commented on UAA. Morgan Stanley downgraded Under Armour from an equal weight rating to an underweight rating and dropped their target price for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Truist Financial lifted their price objective 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. Barclays upped their target price 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. Stifel Nicolaus raised their price target on shares of Under Armour from $9.00 to $10.00 and gave the company a buy rating in a report on Friday, August 9th. Finally, Argus upgraded shares of Under Armour to a strong-buy rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $7.57.

Under Armour Price Performance

Under Armour stock opened at $7.93 on Monday. The firm has a fifty day moving average of $7.44 and a 200-day moving average of $7.15. Under Armour has a 52-week low of $6.17 and a 52-week high of $9.50. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.46 billion, a P/E ratio of 14.68, a PEG ratio of 3.83 and a beta of 1.65.

Under Armour (NYSE:UAA) last announced its quarterly 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. 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 period in the prior year, the firm earned $0.02 EPS. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, analysts predict that Under Armour will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of 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 acquiring an additional 1,636,634 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Under Armour during the first quarter valued at $8,944,000. Norges Bank bought a new stake in Under Armour during the fourth quarter valued at $10,348,000. Janus Henderson Group PLC raised its holdings in shares of Under Armour by 27.2% during the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after purchasing an additional 831,202 shares during the period. Finally, Lumbard & Kellner LLC bought a new position in shares of Under Armour in the 1st quarter worth about $3,394,000. 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.