Under Armour, Inc. (NYSE:UAA) Receives $9.06 Consensus Price Target from Analysts

Under Armour, Inc. (NYSE:UAA) has been given an average recommendation of “Hold” by the twenty-one brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research 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 target price among brokers that have covered the stock in the last year is $9.06.

UAA has been the topic of a number of recent research reports. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Barclays decreased their price target on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research note on Thursday, February 6th. UBS Group decreased their price target on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Finally, Evercore ISI reduced their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th.

Under Armour Trading Down 0.9 %

Shares of UAA stock opened at $6.42 on Wednesday. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89. The firm’s fifty day simple moving average is $7.48 and its 200 day simple moving average is $8.34. The firm has a market capitalization of $2.76 billion, a P/E ratio of -22.12 and a beta of 1.63. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the prior year, the company earned $0.19 EPS. As a group, sell-side analysts predict that Under Armour will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MCF Advisors LLC raised its holdings in Under Armour by 7.6% during the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock worth $167,000 after purchasing an additional 1,419 shares during the last quarter. Optas LLC increased its stake in shares of Under Armour by 5.5% in the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock valued at $236,000 after acquiring an additional 1,484 shares during the last quarter. Mariner LLC increased its stake in shares of Under Armour by 10.0% in the 4th quarter. Mariner LLC now owns 17,006 shares of the company’s stock valued at $141,000 after acquiring an additional 1,552 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Amalgamated Bank increased its stake in shares of Under Armour by 2.4% in the 4th quarter. Amalgamated Bank now owns 87,534 shares of the company’s stock valued at $725,000 after acquiring an additional 2,014 shares during the last quarter. 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.