Under Armour, Inc. (NYSE:UAA) Receives $9.06 Average PT from Analysts

Under Armour, Inc. (NYSE:UAA) has earned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $9.06.

Several research analysts have weighed in on UAA shares. UBS Group dropped their target price on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Argus lowered Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Barclays dropped their target price on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Under Armour in a research report on Friday, February 7th.

Under Armour Trading Down 0.9 %

Shares of NYSE UAA opened at $6.42 on Wednesday. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The company has a market cap of $2.76 billion, a price-to-earnings ratio of -22.12 and a beta of 1.63. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $7.48 and a 200-day simple moving average of $8.34.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter last year, the business earned $0.19 EPS. Sell-side analysts predict that Under Armour will post 0.3 EPS for the current year.

Institutional Trading of Under Armour

Institutional investors have recently modified their holdings of the company. 111 Capital acquired a new stake in Under Armour in the 4th quarter valued at $412,000. Wealth Enhancement Advisory Services LLC boosted its stake in Under Armour by 30.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,035 shares of the company’s stock valued at $149,000 after buying an additional 4,175 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Under Armour by 421.4% in the 4th quarter. Mackenzie Financial Corp now owns 53,241 shares of the company’s stock valued at $441,000 after buying an additional 43,029 shares in the last quarter. Vise Technologies Inc. boosted its stake in Under Armour by 13.7% in the 4th quarter. Vise Technologies Inc. now owns 36,365 shares of the company’s stock valued at $301,000 after buying an additional 4,371 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Under Armour by 279.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,901 shares of the company’s stock valued at $14,307,000 after buying an additional 1,273,129 shares in the last quarter. 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.