Under Armour (NYSE:UAA) PT Raised to $17.00

Under Armour (NYSE:UAA) had its target price increased by JPMorgan Chase & Co. from $12.00 to $17.00 in a research note released on Monday morning, The Fly reports. They currently have a neutral rating on the stock.

A number of other research firms also recently issued reports on UAA. Raymond James raised their price objective on shares of Under Armour from $15.00 to $20.00 and gave the stock a strong-buy rating in a report on Friday, October 23rd. ValuEngine downgraded shares of Under Armour from a strong-buy rating to a buy rating in a report on Tuesday, September 1st. Citigroup raised their price objective on shares of Under Armour from $10.00 to $13.00 and gave the stock a buy rating in a report on Tuesday, August 4th. Telsey Advisory Group raised their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a market perform rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Under Armour from $12.00 to $13.00 and gave the company a hold rating in a report on Friday, October 23rd. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Under Armour presently has an average rating of Hold and a consensus price target of $12.45.

Shares of UAA stock opened at $13.79 on Monday. The company has a 50 day moving average price of $12.26 and a 200-day moving average price of $10.46. Under Armour has a 52 week low of $7.15 and a 52 week high of $21.96. The firm has a market capitalization of $6.27 billion, a PE ratio of -9.19 and a beta of 1.09. The company has a quick ratio of 1.17, a current ratio of 1.91 and a debt-to-equity ratio of 0.69.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Friday, July 31st. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.09. Under Armour had a negative net margin of 15.21% and a negative return on equity of 8.08%. The firm had revenue of $707.40 million during the quarter, compared to analyst estimates of $538.23 million. During the same period in the previous year, the business posted ($0.04) earnings per share. The business’s revenue for the quarter was down 40.6% on a year-over-year basis. Analysts anticipate that Under Armour will post -0.74 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in UAA. Strategic Wealth Management Group LLC increased its position in Under Armour by 8.6% in the second quarter. Strategic Wealth Management Group LLC now owns 12,838 shares of the company’s stock worth $125,000 after purchasing an additional 1,022 shares during the last quarter. Wealthstreet Investment Advisors LLC increased its position in Under Armour by 4.9% in the third quarter. Wealthstreet Investment Advisors LLC now owns 34,190 shares of the company’s stock worth $384,000 after purchasing an additional 1,600 shares during the last quarter. Natixis Advisors L.P. increased its position in Under Armour by 5.0% in the second quarter. Natixis Advisors L.P. now owns 34,533 shares of the company’s stock worth $336,000 after purchasing an additional 1,656 shares during the last quarter. Mackay Shields LLC increased its position in Under Armour by 6.1% in the second quarter. Mackay Shields LLC now owns 30,254 shares of the company’s stock worth $294,000 after purchasing an additional 1,745 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its position in Under Armour by 14.6% in the third quarter. New Mexico Educational Retirement Board now owns 14,500 shares of the company’s stock worth $289,000 after purchasing an additional 1,850 shares during the last quarter. 32.23% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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