Robert W. Baird Issues Positive Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its price target boosted by Robert W. Baird from $8.00 to $10.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also commented on UAA. TD Cowen raised 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 Monday, November 4th. Telsey Advisory Group reissued a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a report on Monday, November 4th. UBS Group lifted their target price on shares of Under Armour from $11.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus lifted their price objective on shares of Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Barclays boosted their target price on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.76.

Under Armour Stock Performance

NYSE UAA traded down $1.45 during mid-day trading on Friday, reaching $9.68. 18,487,233 shares of the stock were exchanged, compared to its average volume of 10,217,216. The business’s 50 day moving average is $8.47 and its 200-day moving average is $7.52. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89. The company has a market capitalization of $4.18 billion, a P/E ratio of -53.75, a P/E/G ratio of 4.06 and a beta of 1.66. 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 (NYSE:UAA) last issued its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the business earned $0.02 earnings per share. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Under Armour will post 0.22 EPS for the current fiscal year.

Institutional Trading of Under Armour

A number of hedge funds have recently modified their holdings of the stock. Jupiter Asset Management Ltd. bought a new stake in Under Armour during the 1st quarter worth approximately $8,944,000. Disciplined Growth Investors Inc. MN grew its stake in shares of Under Armour by 1.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after acquiring an additional 70,731 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Under Armour by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after acquiring an additional 1,746 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Under Armour in the 3rd quarter worth $576,000. Finally, Blair William & Co. IL grew its position in Under Armour by 40.3% during the first quarter. Blair William & Co. IL now owns 31,158 shares of the company’s stock valued at $230,000 after buying an additional 8,950 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.