Barclays Forecasts Strong Price Appreciation for Under Armour (NYSE:UAA) Stock

Under Armour (NYSE:UAA) had its price objective hoisted by Barclays from $8.00 to $12.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms also recently commented on UAA. Morgan Stanley downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $8.00 to $4.00 in a research report on Tuesday, July 23rd. BMO Capital Markets upped their target price on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Stifel Nicolaus raised their price target on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Robert W. Baird boosted their price target on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Argus raised Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and an average target price of $9.03.

Under Armour Trading Up 0.7 %

UAA opened at $9.87 on Monday. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89. The business’s 50 day moving average is $8.57 and its two-hundred day moving average is $7.58. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of -329.00, a price-to-earnings-growth ratio of 3.59 and a beta of 1.66.

Hedge Funds Weigh In On Under Armour

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in Under Armour during the third quarter worth about $56,000. Optas LLC acquired a new stake in shares of Under Armour during the 2nd quarter valued at approximately $72,000. CWM LLC boosted its stake in shares of Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares in the last quarter. Koss Olinger Consulting LLC purchased a new stake in shares of Under Armour during the 2nd quarter worth approximately $79,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Under Armour in the 2nd quarter worth approximately $80,000. 34.58% of the stock is owned by institutional investors and hedge funds.

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.