Under Armour (NYSE:UAA) Given New $7.00 Price Target at Robert W. Baird

Under Armour (NYSE:UAA - Get Free Report) had its target price raised by stock analysts at Robert W. Baird from $6.00 to $7.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Robert W. Baird's target price suggests a potential upside of 11.46% from the company's current price.

A number of other equities analysts also recently weighed in on the stock. Guggenheim reissued a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. Argus downgraded Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Wells Fargo & Company cut their target price on shares of Under Armour from $7.00 to $4.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a report on Wednesday. Finally, Stifel Nicolaus cut their price objective on shares of Under Armour from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $7.68.

Under Armour Stock Up 1.1%

Shares of NYSE UAA opened at $6.28 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The company has a 50-day moving average price of $6.05 and a 200-day moving average price of $7.65. The stock has a market capitalization of $2.70 billion, a P/E ratio of -21.66 and a beta of 1.54. Under Armour has a 1 year low of $4.78 and a 1 year high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. On average, equities research analysts forecast that Under Armour will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Under Armour

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company's stock worth $234,473,000 after buying an additional 18,658,128 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Under Armour by 55.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock valued at $81,057,000 after purchasing an additional 3,503,006 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in shares of Under Armour in the 4th quarter worth $28,249,000. Boston Partners purchased a new position in Under Armour in the first quarter worth about $17,745,000. Finally, American Century Companies Inc. boosted its holdings in shares of Under Armour by 160.5% in the fourth quarter. American Century Companies Inc. now owns 4,013,671 shares of the company's stock worth $33,233,000 after buying an additional 2,472,813 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

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.

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