Under Armour, Inc. (NYSE:UAA) Receives $9.06 Consensus Target Price from Analysts

Under Armour, Inc. (NYSE:UAA) has received a consensus rating of “Hold” from the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $9.06.

UAA has been the topic of a number of recent research reports. StockNews.com upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday. Barclays cut their price objective on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Morgan Stanley reaffirmed an “underweight” rating and issued a $4.00 price target on shares of Under Armour in a research note on Friday, December 13th. Finally, Evercore ISI dropped their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Monday, February 10th.

Hedge Funds Weigh In On Under Armour

A number of hedge funds have recently added to or reduced their stakes in UAA. Compagnie Lombard Odier SCmA acquired a new stake in Under Armour in the fourth quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. raised its position in shares of Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Under Armour in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. bought a new position in shares of Under Armour in the fourth quarter valued at approximately $40,000. Finally, Harbour Investments Inc. raised its position in shares of Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Price Performance

UAA opened at $6.42 on Wednesday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of -22.12 and a beta of 1.63. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The company has a fifty day simple moving average of $7.48 and a 200 day simple moving average of $8.34.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter last year, the company posted $0.19 earnings per share. Equities research analysts expect that Under Armour will post 0.3 EPS for the current fiscal year.

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.