Under Armour (NYSE:UAA) Given New $5.00 Price Target at Wells Fargo & Company

Under Armour (NYSE:UAA) had its price objective boosted by Wells Fargo & Company from $4.00 to $5.00 in a report issued on Wednesday, MarketBeat reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other equities analysts have also recently weighed in on UAA. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research report on Wednesday. UBS Group raised their price objective on Under Armour from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Evercore ISI decreased their target price on Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. KGI Securities began coverage on Under Armour in a report on Friday, March 7th. They issued a “neutral” rating and a $7.40 price target for the company. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 price objective on shares of Under Armour in a report on Tuesday. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.24.

Under Armour Stock Performance

NYSE UAA opened at $6.27 on Wednesday. Under Armour has a 12 month low of $4.78 and a 12 month high of $11.89. The stock has a 50-day simple moving average of $6.03 and a 200 day simple moving average of $7.64. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $2.70 billion, a PE ratio of -21.62 and a beta of 1.54.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. Research analysts forecast that Under Armour will post 0.3 EPS for the current year.

Institutional Investors Weigh In On Under Armour

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantitative Investment Management LLC acquired a new position in shares of Under Armour during the 1st quarter worth about $857,000. Jump Financial LLC bought a new stake in Under Armour during the first quarter worth about $1,034,000. AlphaQuest LLC acquired a new position in Under Armour during the first quarter valued at approximately $254,000. T. Rowe Price Investment Management Inc. boosted its position in Under Armour by 17.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,997,850 shares of the company’s stock valued at $24,987,000 after purchasing an additional 586,183 shares during the last quarter. Finally, GDS Wealth Management bought a new position in Under Armour in the first quarter valued at approximately $315,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.