Under Armour (NYSE:UAA - Get Free Report) had its price target boosted by stock analysts at Robert W. Baird from $6.00 to $7.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Robert W. Baird's target price indicates a potential upside of 6.79% from the stock's current price.
UAA has been the subject of several other reports. UBS Group upped their target price on shares of Under Armour from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company lowered their price objective on Under Armour from $7.00 to $4.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Barclays cut their target price on Under Armour from $8.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a report on Wednesday, May 14th. Finally, Guggenheim reiterated a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $7.33.
Read Our Latest Stock Report on UAA
Under Armour Price Performance
Shares of NYSE:UAA traded down $0.16 on Wednesday, reaching $6.56. 5,378,291 shares of the company were exchanged, compared to its average volume of 12,610,381. 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 has a 1-year low of $4.78 and a 1-year high of $11.89. The company has a 50-day moving average of $6.00 and a 200-day moving average of $7.60. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -22.64 and a beta of 1.54.
Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The company's revenue for the quarter was down 11.4% compared to the same quarter last year. Equities analysts forecast that Under Armour will post 0.3 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA bought a new position in shares of Under Armour in the fourth quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Under Armour in the fourth quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in shares of Under Armour in the 4th quarter valued at $40,000. Harbour Investments Inc. boosted its stake in shares of Under Armour by 438.2% during the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock worth $51,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in shares of Under Armour in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 34.58% of the company's stock.
About Under Armour
(
Get Free Report)
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.
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