Under Armour, Inc. (NYSE:UAA) Receives $7.57 Consensus Price Target from Brokerages

Shares of Under Armour, Inc. (NYSE:UAA) have been given an average recommendation of “Hold” by the nineteen ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.87.

Several research firms have recently commented on UAA. Truist Financial lifted their price objective on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Stifel Nicolaus lifted their price objective on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 target price on shares of Under Armour in a research note on Monday, August 5th. Wedbush raised their target price on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, UBS Group raised their target price on Under Armour from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday.

Institutional Trading of Under Armour

Large investors have recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its position in Under Armour by 101.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after acquiring an additional 1,890 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Under Armour in the 3rd quarter worth approximately $56,000. CWM LLC boosted its position in shares of Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after purchasing an additional 1,409 shares in the last quarter. City State Bank boosted its position in shares of Under Armour by 292.6% in the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Optas LLC bought a new stake in shares of Under Armour in the 2nd quarter worth approximately $72,000. 34.58% of the stock is owned by institutional investors.

Under Armour Trading Up 0.2 %

NYSE UAA opened at $8.58 on Friday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -47.66, a PEG ratio of 4.36 and a beta of 1.66. The stock’s 50-day simple moving average is $8.30 and its two-hundred day simple moving average is $7.34. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. Under Armour has a twelve month low of $6.17 and a twelve month high of $9.58.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The company’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 earnings per share. Research analysts forecast that Under Armour will post 0.21 EPS for the current fiscal year.

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.