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

Under Armour (NYSE:UAA) had its target price lifted by BMO Capital Markets from $10.00 to $11.00 in a research report released on Monday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on UAA. Barclays raised their price target on Under Armour from $6.00 to $8.00 and gave the stock an equal weight rating in a research report on Friday, August 9th. Oppenheimer lowered Under Armour from an outperform rating to a market perform rating in a research report on Thursday, May 23rd. Argus upgraded Under Armour to a strong-buy rating in a research report on Thursday, August 15th. Morgan Stanley lowered Under Armour from an equal weight rating to an underweight rating and cut their price objective for the stock from $8.00 to $4.00 in a research report on Tuesday, July 23rd. Finally, Truist Financial upped their target price on Under Armour from $7.00 to $8.00 and gave the company a hold rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Under Armour has a consensus rating of Hold and an average target price of $7.57.

Under Armour Price Performance

Shares of Under Armour stock opened at $7.69 on Monday. The business’s 50-day moving average price is $7.42 and its 200-day moving average price is $7.14. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Under Armour has a 12 month low of $6.17 and a 12 month high of $9.50. The firm has a market capitalization of $3.36 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 3.83 and a beta of 1.65.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $0.02 EPS. Under Armour’s revenue for the quarter was down 10.1% compared to the same quarter last year. Sell-side analysts forecast that Under Armour will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Hedge funds and other institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas boosted its position in shares of Under Armour by 39.3% in the 4th quarter. Teacher Retirement System of Texas now owns 27,524 shares of the company’s stock worth $242,000 after purchasing an additional 7,771 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Under Armour by 29.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock valued at $62,893,000 after buying an additional 1,636,634 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in Under Armour in the first quarter worth $8,944,000. Virtu Financial LLC purchased a new stake in shares of Under Armour in the fourth quarter worth $440,000. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Under Armour by 101.1% during the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after acquiring an additional 1,890 shares in the last quarter. Hedge funds and other 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.