Under Armour, Inc. (NYSE:UAA) Receives $7.57 Average PT from Brokerages

Under Armour, Inc. (NYSE:UAA) has been given an average recommendation of “Hold” by the eighteen analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $7.57.

UAA has been the subject of several analyst reports. Wedbush raised their price target on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research report on Friday, August 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 target price on shares of Under Armour in a report on Monday, August 5th. Morgan Stanley downgraded Under Armour from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Argus raised Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, Barclays boosted their target price on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th.

Under Armour Trading Up 2.3 %

Under Armour stock opened at $8.94 on Wednesday. Under Armour has a 12 month low of $6.17 and a 12 month high of $9.50. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 3.86 and a beta of 1.65. The business’s fifty day simple moving average is $7.63 and its two-hundred day simple moving average is $7.14. 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 (NYSE:UAA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $0.02 EPS. Under Armour’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, equities analysts predict that Under Armour will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Under Armour

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hexagon Capital Partners LLC boosted its position in shares of Under Armour by 101.1% in the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after purchasing an additional 1,890 shares during the period. Optas LLC bought a new position in Under Armour in the 2nd quarter worth $72,000. Koss Olinger Consulting LLC purchased a new stake in Under Armour in the 2nd quarter worth $79,000. DekaBank Deutsche Girozentrale bought a new stake in Under Armour during the second quarter valued at about $80,000. Finally, Qsemble Capital Management LP purchased a new position in shares of Under Armour in the second quarter valued at about $93,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.