Truist Financial Issues Positive Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its price target lifted by Truist Financial from $8.00 to $11.00 in a report released on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Several other analysts also recently commented on UAA. BMO Capital Markets lifted their target price on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Argus raised shares of Under Armour to a “strong-buy” rating in a report on Thursday, August 15th. Robert W. Baird boosted their price objective on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen boosted their price objective on shares of Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $8.00 price objective on shares of Under Armour in a report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Under Armour currently has a consensus rating of “Hold” and an average target price of $9.03.

Under Armour Stock Performance

Shares of UAA opened at $9.58 on Friday. The firm has a 50-day moving average of $8.51 and a 200-day moving average of $7.55. Under Armour has a one year low of $6.17 and a one year high of $11.89. The company has a market cap of $4.14 billion, a PE ratio of -319.17, a price-to-earnings-growth ratio of 4.40 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08.

Hedge Funds Weigh In On Under Armour

Institutional investors have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. bought a new stake in shares of Under Armour in the 3rd quarter valued at $154,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Under Armour in the 3rd quarter valued at $1,488,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Under Armour in the 3rd quarter valued at $1,700,000. Caprock Group LLC bought a new stake in shares of Under Armour in the 3rd quarter valued at $106,000. Finally, KBC Group NV boosted its stake in shares of Under Armour by 39.6% in the 3rd quarter. KBC Group NV now owns 10,659 shares of the company’s stock valued at $95,000 after purchasing an additional 3,024 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.