Analysts Set Under Armour, Inc. (NYSE:UAA) Price Target at $9.12

Shares of Under Armour, Inc. (NYSE:UAA) have received an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $9.12.

UAA has been the subject of a number of recent research reports. KGI Securities started coverage on Under Armour in a research report on Friday, March 7th. They issued a “neutral” rating and a $7.40 target price for the company. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research note on Thursday, February 6th. StockNews.com raised shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Finally, Barclays lowered their price target on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th.

Under Armour Price Performance

Shares of NYSE:UAA opened at $5.84 on Friday. The company’s fifty day moving average price is $6.44 and its 200-day moving average price is $8.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -20.12 and a beta of 1.49. Under Armour has a one year low of $4.78 and a one year high of $11.89.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the firm earned $0.19 EPS. On average, equities research analysts anticipate that Under Armour will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Several institutional investors and hedge funds have recently modified their holdings of UAA. Compagnie Lombard Odier SCmA purchased a new stake in Under Armour in the fourth quarter worth about $25,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour in the fourth quarter worth $27,000. SBI Securities Co. Ltd. purchased a new position in Under Armour during the fourth quarter valued at $40,000. Finally, Harbour Investments Inc. boosted its holdings in shares of Under Armour by 438.2% during the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after buying an additional 5,000 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

About Under Armour

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.