Under Armour (UAA) Price Target Raised to $26.00 at Credit Suisse Group

Share on StockTwits

Under Armour (NYSE:UAA) had its price objective upped by Credit Suisse Group from $23.00 to $26.00 in a report issued on Wednesday. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 13.34% from the company’s current price.

Several other brokerages have also weighed in on UAA. Pivotal Research lifted their price target on Under Armour from $20.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday. Wedbush boosted their price objective on Under Armour from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, July 20th. ValuEngine upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Morgan Stanley started coverage on Under Armour in a research note on Wednesday, August 1st. They set an “equal weight” rating and a $20.00 price objective for the company. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $22.00 price objective on shares of Under Armour in a research note on Wednesday, October 24th. Nine analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.40.

Shares of Under Armour stock traded down $0.29 on Wednesday, hitting $22.94. The company’s stock had a trading volume of 655,576 shares, compared to its average volume of 4,532,576. The company has a quick ratio of 0.94, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. Under Armour has a 1 year low of $11.40 and a 1 year high of $24.69. The firm has a market cap of $8.00 billion, a PE ratio of 120.68, a P/E/G ratio of 5.17 and a beta of -0.42.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.13. Under Armour had a positive return on equity of 3.32% and a negative net margin of 3.11%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business earned $0.22 EPS. Under Armour’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, sell-side analysts expect that Under Armour will post 0.17 EPS for the current year.

Several institutional investors have recently modified their holdings of UAA. Dimensional Fund Advisors LP boosted its holdings in shares of Under Armour by 10.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 972,972 shares of the company’s stock worth $15,908,000 after purchasing an additional 91,063 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Under Armour by 9.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 31,305 shares of the company’s stock worth $512,000 after purchasing an additional 2,740 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $171,000. DnB Asset Management AS acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $419,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of Under Armour during the 2nd quarter worth approximately $230,000. Institutional investors and hedge funds own 36.87% of the company’s stock.

About Under Armour

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, cold, and in between the extremes.

Featured Story: Asset Allocation and Your Retirement

Analyst Recommendations for Under Armour (NYSE:UAA)

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply