Under Armour, Inc. (NYSE:UAA – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $9.50 and last traded at $9.46, with a volume of 11907104 shares trading hands. The stock had previously closed at $9.06.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on UAA shares. Argus upgraded shares of Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. BMO Capital Markets increased their price objective on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wedbush boosted their target price on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus raised their price target on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price target on shares of Under Armour in a research note on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.57.
Under Armour Price Performance
The company has a market capitalization of $4.10 billion, a P/E ratio of 17.31, a PEG ratio of 4.07 and a beta of 1.66. The stock’s fifty day simple moving average is $8.05 and its 200-day simple moving average is $7.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08.
Under Armour (NYSE:UAA – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 EPS. On average, equities analysts forecast that Under Armour, Inc. will post 0.21 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hexagon Capital Partners LLC grew its position in Under Armour by 101.1% during the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after buying an additional 1,890 shares in the last quarter. CWM LLC lifted its position in shares of Under Armour by 20.7% in 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 during the period. City State Bank grew its holdings in shares of Under Armour by 292.6% during the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after purchasing an additional 7,500 shares in the last quarter. Optas LLC bought a new stake in shares of Under Armour during the second quarter valued at approximately $72,000. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Under Armour in the second quarter valued at $79,000. Institutional investors own 34.58% of the company’s stock.
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.