Under Armour, Inc. (NYSE:UAA) Stock Has Average Target Price of $5.84

Shares of Under Armour, Inc. (NYSE:UAA) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.80.

Several research firms have commented on UAA. Weiss Ratings reissued a “sell (d)” rating on shares of Under Armour in a research report on Wednesday, November 4th. Telsey Advisory Group dropped their target price on Under Armour from $5.50 to $5.00 and set a “market perform” rating on the stock in a research report on Monday. Truist Financial increased their price objective on shares of Under Armour from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. UBS Group reissued a “buy” rating and set a $8.00 target price (down from $9.00) on shares of Under Armour in a report on Wednesday, October 28th. Finally, Barclays downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a research report on Tuesday, August 11th.

Hedge Funds Weigh In On Under Armour

Several institutional investors and hedge funds have recently modified their holdings of UAA. Dimensional Fund Advisors LP grew its position in shares of Under Armour by 17.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,531,173 shares of the company’s stock valued at $50,416,000 after acquiring an additional 1,285,384 shares during the period. State Street Corp lifted its position in shares of Under Armour by 27.8% during the second quarter. State Street Corp now owns 7,682,658 shares of the company’s stock worth $49,092,000 after purchasing an additional 1,669,312 shares in the last quarter. Group One Trading LLC purchased a new stake in Under Armour during the 3rd quarter worth about $9,310,000. Quantinno Capital Management LP increased its position in shares of Under Armour by 100.9% in the 1st quarter. Quantinno Capital Management LP now owns 1,226,299 shares of the company’s stock valued at $7,247,000 after purchasing an additional 615,828 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Under Armour by 13.2% in the third quarter. Public Sector Pension Investment Board now owns 1,198,296 shares of the company’s stock valued at $5,872,000 after buying an additional 139,739 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Down 2.6%

Shares of UAA opened at $5.03 on Monday. Under Armour has a 52-week low of $4.13 and a 52-week high of $8.15. The business has a fifty day moving average of $4.90 and a 200 day moving average of $5.91. The company has a market cap of $2.16 billion, a PE ratio of -4.53, a P/E/G ratio of 2.03 and a beta of 1.58. The company has a quick ratio of 1.01, a current ratio of 1.95 and a debt-to-equity ratio of 0.40.

About Under Armour

Under Armour, Inc. develops, markets and sells performance apparel, footwear and accessories. Its products are designed for athletic training, competition and everyday use, and include technical apparel, running and training shoes, sports accessories and connected fitness offerings. Founded in 1996 by Kevin Plank, the company built its early business around moisture-wicking performance apparel. Under Armour sells products through wholesale partners and its own direct-to-consumer channels, including retail stores and e-commerce.