Brokerages Set Under Armour, Inc. (NYSE:UAA) PT at $9.03

Shares of Under Armour, Inc. (NYSE:UAA) have been given a consensus recommendation of “Hold” by the twenty ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $9.03.

A number of analysts have issued reports on UAA shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $8.00 target price on shares of Under Armour in a research note on Monday, November 4th. Stifel Nicolaus raised 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. Argus raised Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Wedbush raised 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. Finally, Morgan Stanley downgraded 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.

Under Armour Stock Down 1.5 %

Shares of UAA opened at $9.80 on Thursday. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The company has a market capitalization of $4.24 billion, a PE ratio of -326.56, a price-to-earnings-growth ratio of 3.71 and a beta of 1.66. The stock has a fifty day simple moving average of $8.65 and a two-hundred day simple moving average of $7.64. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC boosted its stake in shares of Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Under Armour by 11.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after buying an additional 1,409 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Under Armour by 7.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after buying an additional 1,485 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of Under Armour by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock valued at $1,216,000 after buying an additional 1,746 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Under Armour by 10.2% in the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock valued at $127,000 after buying an additional 1,764 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

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.