Under Armour (NYSE:UAA) Stock Price Expected to Rise, UBS Group Analyst Says

Under Armour (NYSE:UAA) had its target price raised by analysts at UBS Group from $7.00 to $8.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 33.33% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Evercore ISI decreased their price target on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note 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 target price on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Wells Fargo & Company lowered their price objective on Under Armour from $7.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.18.

Under Armour Trading Up 3.4 %

Shares of UAA stock opened at $6.00 on Thursday. Under Armour has a 12-month low of $4.78 and a 12-month high of $11.89. The company has a market capitalization of $2.58 billion, a PE ratio of -20.69 and a beta of 1.49. The firm has a 50 day moving average price of $6.17 and a two-hundred day moving average price of $7.81. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the prior year, the firm posted $0.19 earnings per share. As a group, analysts predict that Under Armour will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC lifted its stake in Under Armour by 7.6% in the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after purchasing an additional 1,419 shares during the last quarter. Optas LLC increased its holdings in shares of Under Armour by 5.5% during the fourth quarter. Optas LLC now owns 28,519 shares of the company’s stock worth $236,000 after buying an additional 1,484 shares in the last quarter. Mariner LLC lifted its stake in shares of Under Armour by 10.0% in the 4th quarter. Mariner LLC now owns 17,006 shares of the company’s stock valued at $141,000 after acquiring an additional 1,552 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Under Armour by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 435,307 shares of the company’s stock valued at $2,721,000 after acquiring an additional 1,888 shares in the last quarter. Finally, Amalgamated Bank grew its position in Under Armour by 2.4% during the 4th quarter. Amalgamated Bank now owns 87,534 shares of the company’s stock worth $725,000 after acquiring an additional 2,014 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.