Under Armour (NYSE:UAA) Stock Price Expected to Rise, TD Cowen Analyst Says

Under Armour (NYSE:UAA) had its price target increased by research analysts at TD Cowen from $7.00 to $8.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential downside of 9.76% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. Argus upgraded Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. BMO Capital Markets lifted their price target on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. UBS Group increased their price objective on Under Armour from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley lowered Under Armour from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus increased their price target on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Three 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 stock. Based on data from MarketBeat, Under Armour has an average rating of “Hold” and a consensus target price of $7.94.

Under Armour Stock Up 2.6 %

UAA opened at $8.87 on Monday. The company’s 50-day moving average price is $8.35 and its two-hundred day moving average price is $7.47. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. Under Armour has a twelve month low of $6.17 and a twelve month high of $9.58. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of -49.25, a PEG ratio of 4.14 and a beta of 1.66.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating 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 business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company earned $0.02 earnings per share. Under Armour’s revenue was down 10.1% compared to the same quarter last year. As a group, equities analysts expect that Under Armour will post 0.21 earnings per share for the current year.

Institutional Trading of Under Armour

Large investors have recently modified their holdings of the business. Jupiter Asset Management Ltd. bought a new position in Under Armour during the 1st quarter valued at approximately $8,944,000. Dimensional Fund Advisors LP grew its position in shares of Under Armour by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after buying an additional 1,051,143 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Under Armour by 27.2% during the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock valued at $28,712,000 after buying an additional 831,202 shares during the period. Lumbard & Kellner LLC bought a new position in shares of Under Armour during the first quarter valued at approximately $3,394,000. Finally, Quadrature Capital Ltd bought a new position in Under Armour in the 1st quarter worth $1,471,000. 34.58% of the stock is 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.