Barclays Increases Under Armour (NYSE:UAA) Price Target to $12.00

Under Armour (NYSE:UAA) had its target price lifted by analysts at Barclays from $8.00 to $12.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 25.52% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Robert W. Baird boosted their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Telsey Advisory Group reiterated a “market perform” rating and issued a $8.00 price target on shares of Under Armour in a research report on Monday, November 4th. Argus upgraded Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. UBS Group upped their price objective on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus raised their target price on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.03.

Under Armour Stock Performance

Shares of NYSE UAA opened at $9.56 on Monday. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The stock has a market capitalization of $4.13 billion, a P/E ratio of -318.67, a P/E/G ratio of 4.40 and a beta of 1.66. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $8.54 and its two-hundred day moving average price is $7.57.

Institutional Investors Weigh In On Under Armour

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock valued at $134,665,000 after purchasing an additional 173,817 shares during the period. Pacer Advisors Inc. raised its holdings in Under Armour by 33,725.1% in the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after acquiring an additional 9,570,512 shares during the period. Dimensional Fund Advisors LP lifted its position in Under Armour by 12.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after acquiring an additional 1,051,143 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Under Armour by 1.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after acquiring an additional 70,731 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Under Armour by 27.2% in the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock valued at $28,712,000 after purchasing an additional 831,202 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile

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.