BMO Capital Markets Increases Under Armour (NYSE:UAA) Price Target to $11.00

Under Armour (NYSE:UAA) had its price objective boosted by equities researchers at BMO Capital Markets from $10.00 to $11.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 41.21% from the company’s current price.

Other research analysts have also recently issued reports about the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price objective on shares of Under Armour in a research report on Monday, August 5th. Wedbush upped their price objective on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Oppenheimer cut Under Armour from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 23rd. Stifel Nicolaus upped their price objective on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Morgan Stanley cut Under Armour from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $8.00 to $4.00 in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.57.

Under Armour Trading Down 1.6 %

NYSE UAA opened at $7.79 on Monday. Under Armour has a 12 month low of $6.17 and a 12 month high of $9.50. 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 $3.37 billion, a PE ratio of 14.43, a P/E/G ratio of 3.53 and a beta of 1.65. The stock has a 50-day simple moving average of $7.40 and a 200 day simple moving average of $7.14.

Under Armour (NYSE:UAA) last posted its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm earned $0.02 earnings per share. The company’s revenue was down 10.1% on a year-over-year basis. Research analysts forecast that Under Armour will post 0.21 EPS for the current year.

Institutional Trading of Under Armour

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Under Armour by 1.0% during the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock worth $134,665,000 after purchasing an additional 173,817 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Under Armour by 12.7% during the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after purchasing an additional 1,051,143 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in shares of Under Armour by 1.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after purchasing an additional 70,731 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Under Armour by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,411 shares of the company’s stock worth $36,456,000 after purchasing an additional 203,666 shares during the period. Finally, 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 worth $28,712,000 after purchasing an additional 831,202 shares during the period. Institutional investors own 34.58% of the company’s stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.