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

Under Armour (NYSE:UAA) had its price target lifted by equities research analysts at Robert W. Baird from $8.00 to $10.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 3.31% from the company’s previous close.

A number of other analysts have also commented on UAA. Argus raised shares of Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Telsey Advisory Group reissued a “market perform” rating and issued a $8.00 price objective on shares of Under Armour in a research report on Monday, November 4th. Truist Financial boosted their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Morgan Stanley downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $8.00 to $4.00 in a report 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 stock an “outperform” rating in a report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.78.

Under Armour Trading Down 13.0 %

Shares of UAA opened at $9.68 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The firm’s 50 day moving average price is $8.47 and its two-hundred day moving average price is $7.52.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.11. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.10%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. As a group, research analysts forecast that Under Armour will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Under Armour

Institutional investors and hedge funds have recently modified their holdings of the business. Jupiter Asset Management Ltd. acquired a new position in shares of Under Armour in the first quarter valued at about $8,944,000. Disciplined Growth Investors Inc. MN lifted its position in 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. Texas Permanent School Fund Corp lifted its position in Under Armour by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after purchasing an additional 1,746 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in Under Armour during the third quarter worth about $576,000. Finally, Blair William & Co. IL lifted its position in Under Armour by 40.3% during the first quarter. Blair William & Co. IL now owns 31,158 shares of the company’s stock worth $230,000 after purchasing an additional 8,950 shares during the period. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile

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.