Under Armour, Inc. (NYSE:UAA) Receives $7.57 Consensus Target Price from Brokerages

Shares of Under Armour, Inc. (NYSE:UAA) have been given a consensus recommendation of “Hold” by the eighteen research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $7.57.

Several research analysts recently weighed in on UAA shares. Barclays boosted their target price 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. Stifel Nicolaus upped their price target on shares of Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Argus upgraded shares of Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. BMO Capital Markets upped their target price on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Wedbush raised their target price on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th.

Institutional Investors Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently made changes to their positions in UAA. Teacher Retirement System of Texas boosted its holdings in Under Armour by 39.3% during the fourth quarter. Teacher Retirement System of Texas now owns 27,524 shares of the company’s stock worth $242,000 after buying an additional 7,771 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Under Armour in the first quarter worth about $8,944,000. Virtu Financial LLC purchased a new stake in shares of Under Armour during the 4th quarter worth about $440,000. Hexagon Capital Partners LLC grew its position in shares of Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after acquiring an additional 1,890 shares during the period. Finally, Texas Permanent School Fund Corp increased 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 valued at $1,216,000 after purchasing an additional 1,746 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Performance

UAA stock opened at $8.94 on Wednesday. Under Armour has a one year low of $6.17 and a one year high of $9.50. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 3.86 and a beta of 1.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. The firm has a 50-day simple moving average of $7.63 and a two-hundred day simple moving average of $7.12.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.09. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. Under Armour’s revenue was down 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share. On average, equities analysts forecast that Under Armour will post 0.21 EPS for the current fiscal year.

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.