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

Shares of Under Armour, Inc. (NYSE:UAAGet Free Report) have been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $9.92.

Several equities analysts recently commented on UAA shares. TheStreet raised shares of Under Armour from a “d+” rating to a “c-” rating in a report on Thursday. Evercore ISI began coverage on shares of Under Armour in a research report on Tuesday, November 7th. They issued an “inline” rating and a $8.00 target price for the company. Piper Sandler dropped their target price on shares of Under Armour from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, November 9th. Truist Financial began coverage on shares of Under Armour in a research report on Friday, November 17th. They issued a “hold” rating and a $8.00 target price for the company. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 price target on shares of Under Armour in a research note on Monday, February 5th.

Read Our Latest Analysis on UAA

Under Armour Stock Performance

Shares of UAA stock opened at $8.34 on Tuesday. The firm’s 50 day moving average is $8.22 and its 200 day moving average is $7.66. The company has a current ratio of 2.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $3.65 billion, a P/E ratio of 9.27, a PEG ratio of 1.56 and a beta of 1.64. Under Armour has a 12 month low of $6.29 and a 12 month high of $10.87.

Under Armour (NYSE:UAAGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. On average, sell-side analysts anticipate that Under Armour will post 0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI grew its stake in Under Armour by 527.6% in the 3rd quarter. National Bank of Canada FI now owns 137,731 shares of the company’s stock valued at $922,000 after acquiring an additional 115,784 shares during the period. Wexford Capital LP acquired a new stake in shares of Under Armour during the 2nd quarter valued at approximately $281,000. Assenagon Asset Management S.A. increased its stake in shares of Under Armour by 16.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,219,796 shares of the company’s stock worth $8,356,000 after purchasing an additional 174,159 shares in the last quarter. Privium Fund Management B.V. grew its stake in Under Armour by 25.4% in the 3rd quarter. Privium Fund Management B.V. now owns 22,200 shares of the company’s stock worth $152,000 after acquiring an additional 4,500 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Under Armour by 132.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 29,584 shares of the company’s stock valued at $214,000 after buying an additional 16,880 shares during the period. 38.45% of the stock is currently owned by institutional investors.

About Under Armour

(Get Free Report

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.

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