Under Armour (NYSE:UAA) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Under Armour (NYSE:UAA) had its price objective hoisted by Wells Fargo & Company from $8.00 to $11.00 in a report issued on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

UAA has been the subject of several other reports. Wedbush lifted their price objective on shares of Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus lifted their price objective on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Argus upgraded shares of Under Armour to a “strong-buy” rating in a research note on Thursday, August 15th. Morgan Stanley downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $8.00 to $4.00 in a research note on Tuesday, July 23rd. Finally, BMO Capital Markets boosted their target price on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.03.

Under Armour Trading Down 1.1 %

NYSE:UAA opened at $9.58 on Friday. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The firm has a fifty day simple moving average of $8.51 and a 200-day simple moving average of $7.55. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $4.14 billion, a P/E ratio of -319.17, a PEG ratio of 4.40 and a beta of 1.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAA. Allspring Global Investments Holdings LLC purchased a new position in Under Armour in the third quarter valued at $56,000. Optas LLC purchased a new position in Under Armour in the second quarter valued at $72,000. CWM LLC increased its stake in shares of Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares in the last quarter. Koss Olinger Consulting LLC purchased a new stake in shares of Under Armour during the second quarter worth about $79,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Under Armour during the second quarter worth about $80,000. Hedge funds and other institutional investors 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.