Research Analysts Set Expectations for Under Armour, Inc.’s Q4 2023 Earnings (NYSE:UAA)

Under Armour, Inc. (NYSE:UAAGet Rating) – Equities research analysts at Seaport Res Ptn issued their Q4 2023 earnings estimates for Under Armour in a research report issued on Monday, May 9th. Seaport Res Ptn analyst M. Kummetz anticipates that the company will post earnings per share of $0.14 for the quarter. Seaport Res Ptn has a “Neutral” rating on the stock.

Several other equities research analysts have also recently issued reports on UAA. B. Riley dropped their target price on shares of Under Armour from $18.00 to $11.00 in a report on Monday. Cowen decreased their price target on shares of Under Armour from $27.00 to $17.00 in a research report on Monday. Exane BNP Paribas upgraded shares of Under Armour from an “underperform” rating to a “neutral” rating and set a $18.00 price target on the stock in a research report on Wednesday, January 19th. StockNews.com started coverage on shares of Under Armour in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus decreased their price target on shares of Under Armour from $18.00 to $13.00 in a research report on Friday, May 6th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $22.17.

Shares of UAA stock opened at $9.98 on Thursday. Under Armour has a 12-month low of $9.95 and a 12-month high of $27.28. The company has a current ratio of 2.30, a quick ratio of 1.74 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $15.70 and its 200 day moving average is $19.25. The stock has a market capitalization of $4.75 billion, a P/E ratio of 21.23 and a beta of 1.25.

Under Armour (NYSE:UAAGet Rating) last issued its earnings results on Friday, May 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). Under Armour had a return on equity of 20.66% and a net margin of 6.34%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAA. Washington Trust Advisors Inc. increased its stake in Under Armour by 102.5% during the first quarter. Washington Trust Advisors Inc. now owns 1,472 shares of the company’s stock worth $25,000 after acquiring an additional 745 shares during the last quarter. CastleArk Alternatives LLC bought a new position in shares of Under Armour during the 3rd quarter valued at approximately $27,000. FNY Investment Advisers LLC purchased a new stake in Under Armour during the 4th quarter valued at $27,000. CWM LLC bought a new stake in Under Armour in the fourth quarter worth $35,000. Finally, Daiwa Securities Group Inc. boosted its stake in Under Armour by 44.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,753 shares of the company’s stock worth $37,000 after buying an additional 537 shares during the period. Institutional investors own 38.72% of the company’s stock.

Under Armour announced that its board has initiated a stock buyback program on Wednesday, February 23rd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 6.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

About Under Armour (Get Rating)

Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

Read More

Earnings History and Estimates for Under Armour (NYSE:UAA)

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.