Under Armour (NYSE:UAA) Given New $8.00 Price Target at UBS Group

Under Armour (NYSE:UAA) had its target price raised by UBS Group from $7.00 to $8.00 in a report published on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other research firms also recently weighed in on UAA. Citigroup decreased their price target on Under Armour from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company decreased their target price on shares of Under Armour from $7.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Barclays cut their price target on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. KGI Securities assumed coverage on shares of Under Armour in a report on Friday, March 7th. They set a “neutral” rating and a $7.40 price objective on the stock. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Under Armour presently has a consensus rating of “Hold” and a consensus price target of $8.18.

Under Armour Stock Up 1.5 %

Shares of Under Armour stock opened at $5.81 on Thursday. Under Armour has a one year low of $4.78 and a one year high of $11.89. The company has a market cap of $2.50 billion, a P/E ratio of -20.02 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The firm has a fifty day moving average of $6.19 and a two-hundred day moving average of $7.84.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company earned $0.19 earnings per share. On average, analysts forecast that Under Armour will post 0.3 earnings per share for the current year.

Institutional Trading of Under Armour

A number of hedge funds have recently added to or reduced their stakes in UAA. Versant Capital Management Inc lifted its holdings in shares of Under Armour by 63.2% during the 4th quarter. Versant Capital Management Inc now owns 10,037 shares of the company’s stock worth $83,000 after acquiring an additional 3,885 shares during the period. Everence Capital Management Inc. purchased a new position in Under Armour during the fourth quarter worth approximately $225,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Under Armour by 40.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 66,001 shares of the company’s stock valued at $546,000 after purchasing an additional 18,906 shares during the last quarter. Marcum Wealth LLC purchased a new stake in shares of Under Armour during the 4th quarter valued at $395,000. Finally, Kera Capital Partners Inc. acquired a new stake in shares of Under Armour during the 4th quarter worth $189,000. 34.58% of the stock is owned by institutional investors and hedge funds.

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.