Under Armour (NYSE:UAA) Price Target Raised to $11.00 at Truist Financial

Under Armour (NYSE:UAA) had its price objective hoisted by Truist Financial from $8.00 to $11.00 in a report issued on Friday,Benzinga reports. They currently have a hold rating on the stock.

A number of other research analysts have also commented on the stock. Morgan Stanley lowered shares of Under Armour from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $8.00 to $4.00 in a research report on Tuesday, July 23rd. BMO Capital Markets increased their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Barclays increased their price target on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Argus raised shares of Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $8.00 price target on shares of Under Armour in a research report on Monday, November 4th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.03.

Under Armour Trading Down 1.1 %

Shares of NYSE:UAA opened at $9.58 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89. The firm has a fifty day moving average price of $8.51 and a 200 day moving average price of $7.55. The stock has a market capitalization of $4.14 billion, a PE ratio of -319.17, a P/E/G ratio of 4.40 and a beta of 1.66.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Under Armour during the third quarter worth $56,000. Optas LLC acquired a new stake in shares of Under Armour during the second quarter worth $72,000. CWM LLC raised its holdings in shares of Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares during the period. Koss Olinger Consulting LLC acquired a new stake in shares of Under Armour during the second quarter worth $79,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Under Armour during the second quarter worth $80,000. 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.