Under Armour, Inc. (NYSE:UAA) shares gapped up before the market opened on Friday . The stock had previously closed at $12.49, but opened at $12.76. Under Armour shares last traded at $13.08, with a volume of 8047277 shares changing hands.

Several research analysts have recently weighed in on UAA shares. Piper Jaffray Companies decreased their price objective on shares of Under Armour from $17.00 to $14.00 and set an “average” rating for the company in a report on Wednesday, October 11th. Jefferies Group LLC reissued a “buy” rating and set a $28.00 price objective on shares of Under Armour in a report on Friday, August 11th. Morgan Stanley cut their target price on shares of Under Armour from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, August 7th. Canaccord Genuity cut their target price on shares of Under Armour from $21.00 to $18.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Seventeen research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and four have given a buy rating to the stock. Under Armour presently has a consensus rating of “Hold” and an average target price of $17.04.

The firm has a market cap of $5,768.11, a P/E ratio of 31.90, a P/E/G ratio of 3.87 and a beta of -0.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.49 billion. The company’s quarterly revenue was down 4.5% on a year-over-year basis. research analysts forecast that Under Armour, Inc. will post 0.2 EPS for the current year.

Large investors have recently made changes to their positions in the business. Baillie Gifford & Co. purchased a new position in shares of Under Armour in the second quarter valued at about $532,573,000. Vanguard Group Inc. purchased a new stake in Under Armour during the second quarter valued at approximately $393,172,000. BlackRock Inc. bought a new position in shares of Under Armour in the second quarter worth approximately $238,861,000. Bamco Inc. NY boosted its position in shares of Under Armour by 10.8% during the third quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock worth $126,978,000 after acquiring an additional 750,325 shares during the last quarter. Finally, State Street Corp bought a new position in Under Armour during the second quarter valued at $157,325,000. 30.35% of the stock is owned by hedge funds and other institutional investors.

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Under Armour Company Profile

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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