Analysts Set Under Armour, Inc. (NYSE:UAA) Target Price at $9.09

Shares of Under Armour, Inc. (NYSE:UAA) have received a consensus recommendation of “Hold” from the twenty-two research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $9.09.

Several brokerages recently weighed in on UAA. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a research note on Thursday, February 6th. Evercore ISI cut their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. TD Cowen boosted their target price on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research note on Friday, February 7th. Finally, Barclays cut their target price on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th.

Insiders Place Their Bets

In other Under Armour news, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the transaction, the chief financial officer now owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Under Armour

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in shares of Under Armour in the 4th quarter valued at approximately $412,000. Quantbot Technologies LP raised its position in shares of Under Armour by 288.1% in the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock valued at $3,772,000 after purchasing an additional 314,226 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in shares of Under Armour in the 3rd quarter valued at approximately $576,000. International Assets Investment Management LLC raised its position in shares of Under Armour by 2,413.5% in the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after purchasing an additional 68,786 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Under Armour by 48.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after purchasing an additional 199,348 shares in the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Trading Up 1.5 %

NYSE:UAA opened at $7.20 on Friday. The company has a market capitalization of $3.09 billion, a PE ratio of -24.82 and a beta of 1.69. The company has a quick ratio of 1.19, a current ratio of 2.01 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 stock has a fifty day simple moving average of $8.04 and a 200-day simple moving average of $8.51.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the prior year, the business posted $0.19 earnings per share. On average, equities research analysts expect that Under Armour will post 0.3 earnings per share for the current fiscal year.

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.