UBS Group Issues Positive Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its target price upped by UBS Group from $12.00 to $16.00 in a research report released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a research note on Monday, November 4th. Wells Fargo & Company increased their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday. BMO Capital Markets increased their target price on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Stifel Nicolaus increased their target price on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, TD Cowen increased their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.03.

Under Armour Trading Down 1.1 %

NYSE UAA opened at $9.58 on Friday. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of -319.17, a price-to-earnings-growth ratio of 4.40 and a beta of 1.66. The company’s fifty day moving average price is $8.51 and its two-hundred day moving average price is $7.55.

Institutional Trading of Under Armour

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Under Armour during the 3rd quarter valued at about $56,000. CWM LLC increased its stake in Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the period. City State Bank increased its stake in Under Armour by 292.6% during the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after buying an additional 7,500 shares during the period. Baker Avenue Asset Management LP acquired a new position in Under Armour during the 3rd quarter valued at about $92,000. Finally, KBC Group NV increased its stake in Under Armour by 39.6% during the 3rd quarter. KBC Group NV now owns 10,659 shares of the company’s stock valued at $95,000 after buying an additional 3,024 shares during the period. Institutional investors and hedge funds 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.