Under Armour (NYSE:UAA) Price Target Raised to $11.00

Under Armour (NYSE:UAA) had its price target upped by equities researchers at Truist Financial from $8.00 to $11.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 13.64% from the company’s current price.

UAA has been the topic of several other reports. Morgan Stanley cut shares of Under Armour from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $8.00 to $4.00 in a research report on Tuesday, July 23rd. Wedbush upped their target price on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. BMO Capital Markets upped their target price on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Barclays upped their target price on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Robert W. Baird upped their target price on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and a consensus target price of $8.78.

Under Armour Price Performance

UAA stock opened at $9.68 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. The company’s 50 day moving average is $8.47 and its 200 day moving average is $7.52. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.11. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.10%. Analysts expect that Under Armour will post 0.26 EPS for the current fiscal year.

Institutional Trading of Under Armour

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. purchased a new stake in Under Armour in the first quarter worth $8,944,000. Disciplined Growth Investors Inc. MN lifted its stake in Under Armour by 1.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after acquiring an additional 70,731 shares during the period. Texas Permanent School Fund Corp lifted its stake in Under Armour by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after acquiring an additional 1,746 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in Under Armour in the third quarter worth $576,000. Finally, Blair William & Co. IL lifted its stake in Under Armour by 40.3% in the first quarter. Blair William & Co. IL now owns 31,158 shares of the company’s stock worth $230,000 after acquiring an additional 8,950 shares during the period. Hedge funds and other institutional investors 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.