UBS Group Issues Positive Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its price target raised by UBS Group from $12.00 to $16.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Barclays boosted their price objective on Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Telsey Advisory Group restated a “market perform” rating and issued a $8.00 price objective on shares of Under Armour in a research note on Monday, November 4th. Morgan Stanley downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $8.00 to $4.00 in a report on Tuesday, July 23rd. BMO Capital Markets increased their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Robert W. Baird increased their price target on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.76.

Under Armour Stock Performance

Shares of NYSE:UAA traded down $1.45 during midday trading on Friday, reaching $9.68. The company had a trading volume of 18,487,233 shares, compared to its average volume of 10,217,216. The company’s 50 day moving average price is $8.47 and its 200 day moving average price is $7.52. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The stock has a market cap 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. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted $0.02 EPS. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Under Armour will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Several large investors have recently bought and sold shares of UAA. Texas Permanent School Fund Corp grew its stake in shares of Under Armour by 1.1% during 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 during the period. Duality Advisers LP raised its holdings in shares of Under Armour by 386.0% during the 1st quarter. Duality Advisers LP now owns 100,280 shares of the company’s stock worth $740,000 after acquiring an additional 79,646 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Under Armour by 1,334.2% during the 1st quarter. SG Americas Securities LLC now owns 181,616 shares of the company’s stock worth $1,340,000 after acquiring an additional 168,953 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Under Armour during the 1st quarter worth approximately $153,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Under Armour by 3,262.0% during the 1st quarter. Russell Investments Group Ltd. now owns 33,317 shares of the company’s stock worth $246,000 after acquiring an additional 32,326 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors.

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.