Under Armour (NYSE:UAA) Given New $12.00 Price Target at Barclays

Under Armour (NYSE:UAA) had its price objective raised by Barclays from $8.00 to $12.00 in a research note released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages also recently commented on UAA. Morgan Stanley downgraded Under Armour from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $8.00 to $4.00 in a research report on Tuesday, July 23rd. TD Cowen lifted their price target on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wedbush upped their price objective on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Friday, August 9th. Argus raised shares of Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, BMO Capital Markets upped their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Under Armour has a consensus rating of “Hold” and an average price target of $9.03.

Under Armour Trading Up 0.5 %

NYSE UAA traded up $0.05 during mid-day trading on Monday, reaching $9.63. 880,089 shares of the stock were exchanged, compared to its average volume of 10,177,760. The stock has a market capitalization of $4.16 billion, a PE ratio of -319.17, a PEG ratio of 4.40 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89. The business’s fifty day simple moving average is $8.51 and its 200 day simple moving average is $7.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Under Armour in the third quarter valued at $56,000. Optas LLC acquired a new position in Under Armour in the 2nd quarter worth $72,000. CWM LLC boosted its position in Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the last quarter. Koss Olinger Consulting LLC acquired a new stake in shares of Under Armour during the second quarter valued at about $79,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Under Armour during the second quarter valued at about $80,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.