Under Armour, Inc. (NYSE:UAA) Receives Average Rating of “Hold” from Brokerages

Under Armour, Inc. (NYSE:UAA) has received a consensus rating of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $7.87.

Several analysts have recently commented on the stock. Truist Financial increased their target price on shares of Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a report on Friday, August 9th. UBS Group increased their target price on shares of Under Armour from $11.00 to $12.00 and gave the company a “buy” rating in a report on Thursday. Wedbush increased their target price on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Morgan Stanley downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Finally, BMO Capital Markets increased their target price on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, September 16th.

Hedge Funds Weigh In On Under Armour

Several large investors have recently modified their holdings of the business. China Universal Asset Management Co. Ltd. purchased a new position in shares of Under Armour in the third quarter worth about $576,000. State of Alaska Department of Revenue boosted its position in shares of Under Armour by 7.0% in the third quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock valued at $203,000 after acquiring an additional 1,485 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Under Armour by 11.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock valued at $123,000 after purchasing an additional 1,409 shares during the last quarter. International Assets Investment Management LLC lifted its position in Under Armour by 2,413.5% during the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after purchasing an additional 68,786 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Under Armour during the third quarter valued at approximately $56,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Stock Up 0.6 %

Shares of NYSE UAA opened at $8.63 on Friday. The firm has a market cap of $3.77 billion, a PE ratio of 15.98, a P/E/G ratio of 4.36 and a beta of 1.66. Under Armour has a 12-month low of $6.17 and a 12-month high of $9.58. The company’s fifty day simple moving average is $8.31 and its 200 day simple moving average is $7.36. 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 (NYSE:UAA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Under Armour will post 0.21 earnings per share 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.