Goldman Sachs Group Reiterates $26.00 Price Target for Under Armour (NYSE:UAA)

Goldman Sachs Group set a $26.00 price target on Under Armour (NYSE:UAA) in a research report report published on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Credit Suisse Group reiterated a neutral rating and set a $25.00 price target on shares of Under Armour in a research note on Thursday, October 31st. Sanford C. Bernstein upgraded Under Armour from an underperform rating to a market perform rating and lifted their price target for the company from $16.00 to $17.00 in a research note on Tuesday, September 3rd. Pivotal Research cut their price target on Under Armour from $25.00 to $22.00 and set a hold rating for the company in a research note on Tuesday, October 29th. UBS Group cut their price target on Under Armour from $23.00 to $21.00 and set a neutral rating for the company in a research note on Monday, September 9th. Finally, ValuEngine upgraded Under Armour from a sell rating to a hold rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $22.06.

Shares of UAA traded down $0.03 during trading hours on Tuesday, hitting $17.56. The stock had a trading volume of 4,307,528 shares, compared to its average volume of 4,841,703. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.05 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $19.85 and a 200-day simple moving average of $22.30. The firm has a market capitalization of $7.94 billion, a P/E ratio of 65.04, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. Under Armour has a 1-year low of $16.52 and a 1-year high of $27.72.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. Under Armour had a return on equity of 7.24% and a net margin of 2.14%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. Equities analysts predict that Under Armour will post 0.34 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in UAA. Liberty Wealth Management LLC purchased a new position in shares of Under Armour in the 2nd quarter worth approximately $25,000. Ossiam purchased a new position in shares of Under Armour in the 2nd quarter worth approximately $30,000. Cullen Frost Bankers Inc. purchased a new position in shares of Under Armour in the 3rd quarter worth approximately $31,000. Capital Bank & Trust Co purchased a new position in shares of Under Armour in the 2nd quarter worth approximately $45,000. Finally, Sandy Spring Bank boosted its stake in shares of Under Armour by 25.7% in the 2nd quarter. Sandy Spring Bank now owns 2,835 shares of the company’s stock worth $71,000 after buying an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 38.61% of the company’s stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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