Under Armour (NYSE:UAA) Price Target Raised to $7.00

Under Armour (NYSE:UAA) had its price objective boosted by Robert W. Baird from $6.00 to $7.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also weighed in on UAA. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research note on Wednesday. UBS Group boosted their price objective on shares of Under Armour from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Stifel Nicolaus lowered their price objective on shares of Under Armour from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. KGI Securities began coverage on shares of Under Armour in a research note on Friday, March 7th. They set a “neutral” rating and a $7.40 price objective on the stock. Finally, Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of Under Armour in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.33.

Under Armour Trading Up 2.5%

UAA opened at $6.71 on Wednesday. The stock has a market capitalization of $2.88 billion, a P/E ratio of -23.12 and a beta of 1.54. Under Armour has a 12 month low of $4.78 and a 12 month high of $11.89. The firm’s fifty day simple moving average is $6.00 and its 200 day simple moving average is $7.62. 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 (NYSE:UAA) last issued 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 firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. As a group, research analysts anticipate that Under Armour will post 0.3 EPS for the current fiscal year.

Institutional Trading of Under Armour

Hedge funds and other institutional investors have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA bought a new stake in Under Armour in the 4th quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Under Armour in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new stake in Under Armour in the 4th quarter valued at about $40,000. Twin Tree Management LP bought a new stake in Under Armour in the 1st quarter valued at about $44,000. Finally, Harbour Investments Inc. boosted its holdings in Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 34.58% of the company’s stock.

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.