Under Armour (NYSE:UAA) Reaches New 1-Year High – Here’s Why

Under Armour, Inc. (NYSE:UAA)’s share price hit a new 52-week high on Thursday . The stock traded as high as $11.17 and last traded at $11.11, with a volume of 3230193 shares trading hands. The stock had previously closed at $8.75.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen lifted their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday. Stifel Nicolaus increased their target price on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, August 9th. Morgan Stanley lowered Under Armour from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $8.00 to $4.00 in a research report on Tuesday, July 23rd. Argus raised shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Finally, BMO Capital Markets upped their target price on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.94.

Under Armour Stock Up 32.6 %

The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of -60.28, a PEG ratio of 4.02 and a beta of 1.66. 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 firm’s 50 day simple moving average is $8.37 and its 200-day simple moving average is $7.47.

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

Institutional Investors Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently bought and sold shares of UAA. Jupiter Asset Management Ltd. acquired a new stake in Under Armour in the 1st quarter valued at about $8,944,000. Disciplined Growth Investors Inc. MN grew its stake in shares of Under Armour by 1.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after acquiring an additional 70,731 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in Under Armour by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after purchasing an additional 1,746 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Under Armour by 24.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 89,941 shares of the company’s stock worth $664,000 after acquiring an additional 17,399 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. acquired a new position in Under Armour in the third quarter worth about $576,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.