Analysts Set Under Armour, Inc. (NYSE:UAA) Target Price at $7.99

Shares of Under Armour, Inc. (NYSE:UAA) have received an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.24.

A number of equities research analysts have issued reports on the company. UBS Group raised their target price on Under Armour from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. BMO Capital Markets lowered their price target on Under Armour from $12.00 to $9.00 and set an “outperform” rating on the stock in a report on Wednesday. Wells Fargo & Company raised their price target on Under Armour from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Wednesday. KGI Securities initiated coverage on Under Armour in a report on Friday, March 7th. They set a “neutral” rating and a $7.40 price target on the stock. Finally, Guggenheim reissued a “neutral” rating on shares of Under Armour in a report on Friday, February 7th.

Under Armour Stock Performance

Shares of UAA opened at $6.27 on Thursday. The business’s fifty day moving average price is $6.03 and its 200 day moving average price is $7.64. Under Armour has a 12-month low of $4.78 and a 12-month high of $11.89. The stock has a market capitalization of $2.70 billion, a PE ratio of -21.62 and a beta of 1.54. 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 announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. Equities research analysts forecast that Under Armour will post 0.3 EPS for the current year.

Institutional Investors Weigh In On Under Armour

A number of institutional investors have recently bought and sold shares of the business. Quantitative Investment Management LLC acquired a new stake in Under Armour during the 1st quarter worth about $857,000. Jump Financial LLC acquired a new stake in shares of Under Armour during the 1st quarter valued at about $1,034,000. AlphaQuest LLC acquired a new stake in shares of Under Armour during the 1st quarter valued at about $254,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Under Armour by 17.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,997,850 shares of the company’s stock valued at $24,987,000 after buying an additional 586,183 shares during the last quarter. Finally, GDS Wealth Management acquired a new stake in shares of Under Armour during the 1st quarter valued at about $315,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.