Under Armour (NYSE:UAA) Price Target Raised to $10.00 at Robert W. Baird

Under Armour (NYSE:UAA) had its target price boosted by Robert W. Baird from $8.00 to $10.00 in a report released on Friday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on UAA. TD Cowen increased their price objective on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Morgan Stanley cut Under Armour from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $8.00 to $4.00 in a research report on Tuesday, July 23rd. BMO Capital Markets increased their target price on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Telsey Advisory Group reissued a “market perform” rating and set a $8.00 target price on shares of Under Armour in a report on Monday, November 4th. Finally, Stifel Nicolaus increased their target price on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.03.

Under Armour Stock Down 1.1 %

UAA stock opened at $9.58 on Friday. 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 stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of -319.17, a PEG ratio of 4.40 and a beta of 1.66. The business’s fifty day moving average price is $8.51 and its two-hundred day moving average price is $7.55. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89.

Hedge Funds Weigh In On Under Armour

Several large investors have recently bought and sold shares of the company. Moors & Cabot Inc. bought a new position in shares of Under Armour during the third quarter worth about $154,000. Ontario Teachers Pension Plan Board bought a new position in shares of Under Armour during the third quarter worth about $1,488,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Under Armour during the third quarter worth about $1,700,000. Caprock Group LLC bought a new position in shares of Under Armour during the third quarter worth about $106,000. Finally, KBC Group NV raised its position in shares of Under Armour by 39.6% during the third quarter. KBC Group NV now owns 10,659 shares of the company’s stock worth $95,000 after acquiring an additional 3,024 shares during the last quarter. 34.58% of the stock is currently 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.