Under Armour (NYSE:UAA) Price Target Raised to $5.00 at Wells Fargo & Company

Under Armour (NYSE:UAA) had its price objective upped by equities researchers at Wells Fargo & Company from $4.00 to $5.00 in a report issued on Wednesday, MarketBeat.com reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 23.55% from the stock’s current price.

Several other research firms also recently commented on UAA. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 price objective on shares of Under Armour in a report on Tuesday. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research note on Wednesday. Evercore ISI lowered their price target on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research report on Monday, February 10th. StockNews.com raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Finally, KGI Securities assumed coverage on shares of Under Armour in a research report on Friday, March 7th. They set a “neutral” rating and a $7.40 price target on the stock. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.24.

Under Armour Price Performance

NYSE:UAA opened at $6.54 on Wednesday. Under Armour has a one year low of $4.78 and a one year high of $11.89. The company has a market cap of $2.81 billion, a P/E ratio of -22.55 and a beta of 1.54. The firm’s fifty day moving average price is $6.02 and its two-hundred day moving average price is $7.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Equities analysts expect that Under Armour will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Under Armour

A number of large investors have recently bought and sold shares of UAA. Compagnie Lombard Odier SCmA acquired a new stake in Under Armour during the fourth quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Under Armour in the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in shares of Under Armour in the 4th quarter valued at approximately $40,000. Twin Tree Management LP acquired a new stake in shares of Under Armour in the 1st quarter valued at approximately $44,000. Finally, Harbour Investments Inc. boosted its stake in shares of Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after purchasing an additional 5,000 shares in the last quarter. 34.58% of the stock is currently 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.