UBS Group Forecasts Strong Price Appreciation for Under Armour (NYSE:UAA) Stock

Under Armour (NYSE:UAA) had its price objective raised by UBS Group from $12.00 to $16.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus upped their price objective on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Truist Financial increased their price target on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday. Barclays increased their price target on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Telsey Advisory Group reissued a “market perform” rating and set a $8.00 price target on shares of Under Armour in a research report on Monday, November 4th. Finally, Wedbush increased their price target on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Under Armour presently has an average rating of “Hold” and an average target price of $8.76.

Under Armour Trading Down 13.0 %

NYSE:UAA traded down $1.45 during midday trading on Friday, hitting $9.68. 18,487,233 shares of the company traded hands, compared to its average volume of 10,217,216. The firm’s fifty day moving average is $8.47 and its 200-day moving average is $7.52. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The firm 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 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 data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. Under Armour’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 EPS. On average, sell-side analysts predict that Under Armour will post 0.22 EPS for the current year.

Institutional Trading of Under Armour

Institutional investors have recently made changes to their positions in the company. Jupiter Asset Management Ltd. acquired a new stake in shares of Under Armour in the first quarter worth approximately $8,944,000. Disciplined Growth Investors Inc. MN raised 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 valued at $36,102,000 after purchasing an additional 70,731 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of Under Armour by 1.1% in the first 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. China Universal Asset Management Co. Ltd. acquired a new position in Under Armour during the 3rd quarter worth $576,000. Finally, Blair William & Co. IL boosted its position in shares of Under Armour by 40.3% during the 1st quarter. Blair William & Co. IL now owns 31,158 shares of the company’s stock worth $230,000 after acquiring an additional 8,950 shares in the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

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.