Under Armour (NYSE:UAA) Price Target Raised to $5.00

Under Armour (NYSE:UAA) had its target price hoisted by Wells Fargo & Company from $4.00 to $5.00 in a research note released on Wednesday morning, MarketBeat reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a report on Wednesday. Citigroup lowered their price objective on shares of Under Armour from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Robert W. Baird increased their price objective on shares of Under Armour from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays lowered their price objective on shares of 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. Finally, Evercore ISI lowered their price objective on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research report on Monday, February 10th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.33.

Under Armour Trading Up 2.5%

NYSE:UAA opened at $6.71 on Wednesday. The company’s 50 day moving average price is $6.00 and its 200-day moving average price is $7.62. Under Armour has a 52 week low of $4.78 and a 52 week high of $11.89. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of -23.12 and a beta of 1.54.

Under Armour (NYSE:UAA) last posted 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 negative net margin of 2.39% and a positive return on equity of 11.03%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. On average, equities research analysts forecast that Under Armour will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. MCF Advisors LLC increased its holdings 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 acquiring an additional 1,419 shares during the last quarter. Optas LLC increased its holdings in shares of Under Armour by 5.5% in the 4th quarter. Optas LLC now owns 28,519 shares of the company’s stock worth $236,000 after buying an additional 1,484 shares during the last quarter. Mariner LLC increased its holdings in shares of Under Armour by 10.0% in the 4th quarter. Mariner LLC now owns 17,006 shares of the company’s stock worth $141,000 after buying an additional 1,552 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Under Armour by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 435,307 shares of the company’s stock worth $2,721,000 after buying an additional 1,888 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Under Armour by 2.4% in the 4th quarter. Amalgamated Bank now owns 87,534 shares of the company’s stock worth $725,000 after buying an additional 2,014 shares during the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

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.