Under Armour (NYSE:UAA) Given New $16.00 Price Target at UBS Group

Under Armour (NYSE:UAA) had its price objective hoisted by stock analysts at UBS Group from $12.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 65.12% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $8.00 price target on shares of Under Armour in a report on Monday. Robert W. Baird boosted their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday. Argus upgraded Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Wedbush boosted their target price on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, BMO Capital Markets upped their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.76.

Under Armour Trading Down 12.9 %

UAA stock traded down $1.44 during mid-day trading on Friday, reaching $9.69. The company’s stock had a trading volume of 10,138,250 shares, compared to its average volume of 10,178,770. The company has a market cap of $4.19 billion, a price-to-earnings ratio of -53.61, a price-to-earnings-growth ratio of 4.06 and a beta of 1.66. The business’s 50 day moving average price is $8.43 and its 200 day moving average price is $7.50. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. 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 (NYSE:UAA) last announced its quarterly 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. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm earned $0.02 EPS. The business’s quarterly revenue was down 10.1% on a year-over-year basis. On average, equities research analysts predict that Under Armour will post 0.22 EPS for the current year.

Institutional Trading of Under Armour

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp grew its position in Under Armour by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after buying an additional 1,746 shares in the last quarter. Duality Advisers LP grew its position in shares of Under Armour by 386.0% in the first quarter. Duality Advisers LP now owns 100,280 shares of the company’s stock valued at $740,000 after purchasing an additional 79,646 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Under Armour by 1,334.2% during the 1st quarter. SG Americas Securities LLC now owns 181,616 shares of the company’s stock valued at $1,340,000 after acquiring an additional 168,953 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Under Armour in the first quarter worth about $153,000. Finally, Russell Investments Group Ltd. boosted its position in Under Armour by 3,262.0% during the 1st quarter. Russell Investments Group Ltd. now owns 33,317 shares of the company’s stock valued at $246,000 after acquiring an additional 32,326 shares in the last quarter. 34.58% of the stock is owned by institutional investors.

Under Armour Company Profile

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.