Under Armour (NYSE:UAA) Price Target Raised to $10.00 at Robert W. Baird

Under Armour (NYSE:UAA) had its target price increased by Robert W. Baird from $8.00 to $10.00 in a report released on Friday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus raised their price objective on Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 9th. UBS Group lifted their target price on Under Armour from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. TD Cowen lifted their target price on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Monday, November 4th. BMO Capital Markets lifted their target price on Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Wedbush lifted their target price on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Under Armour has an average rating of “Hold” and an average target price of $9.03.

Under Armour Trading Down 1.1 %

Shares of Under Armour stock opened at $9.58 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. The stock has a 50 day moving average price of $8.51 and a two-hundred day moving average price of $7.55. The stock has a market capitalization 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.

Institutional Trading of Under Armour

Several hedge funds have recently made changes to their positions in the company. CWM LLC raised its stake in shares of Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of 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 during the period. State of Alaska Department of Revenue raised its stake in shares of Under Armour by 7.0% in the third quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after buying an additional 1,485 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of Under Armour by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock valued at $1,216,000 after buying an additional 1,746 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Under Armour by 10.2% in the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock valued at $127,000 after buying an additional 1,764 shares during the period. 34.58% of the stock is currently owned by institutional investors.

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.