Under Armour, Inc. (NYSE:UAA) Receives $9.03 Consensus Price Target from Analysts

Under Armour, Inc. (NYSE:UAA) has been given an average rating of “Hold” by the twenty ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.03.

A number of analysts have commented on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $8.00 price target on shares of Under Armour in a research report on Monday, November 4th. Morgan Stanley downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $8.00 to $4.00 in a report on Tuesday, July 23rd. Barclays upped their price objective on shares of Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Argus upgraded shares of Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, BMO Capital Markets lifted their price objective on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, September 16th.

Under Armour Stock Up 0.9 %

NYSE:UAA opened at $9.94 on Thursday. The company’s 50 day moving average is $8.65 and its two-hundred day moving average is $7.63. The company has a market cap of $4.30 billion, a PE ratio of -331.22, a P/E/G ratio of 3.66 and a beta of 1.66. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Institutional Investors Weigh In On Under Armour

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after buying an additional 1,409 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Under Armour by 11.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after buying an additional 1,409 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Under Armour by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock worth $203,000 after acquiring an additional 1,485 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Under Armour by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after acquiring an additional 1,746 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Under Armour by 10.2% during the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after acquiring an additional 1,764 shares in 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.