Under Armour (NYSE:UAA) Given New $6.00 Price Target at Robert W. Baird

Under Armour (NYSE:UAA) had its price target trimmed by Robert W. Baird from $7.00 to $6.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

UAA has been the subject of a number of other reports. Truist Financial decreased their price objective on Under Armour from $9.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, May 14th. JPMorgan Chase & Co. cut their target price on Under Armour from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Friday. Wall Street Zen downgraded Under Armour from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Citigroup cut their target price on Under Armour from $6.00 to $5.50 and set a “neutral” rating for the company in a research report on Monday. Finally, UBS Group upped their target price on Under Armour from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.74.

Under Armour Stock Performance

Shares of UAA stock opened at $5.13 on Monday. Under Armour has a 12-month low of $4.78 and a 12-month high of $11.89. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 0.76 and a beta of 1.61. The business has a 50 day simple moving average of $6.78 and a 200 day simple moving average of $6.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Under Armour had a return on equity of 7.24% and a net margin of 1.99%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the company earned $0.01 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that Under Armour will post 0.3 EPS for the current year.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the sale, the insider directly owned 191,796 shares of the company’s stock, valued at $1,177,627.44. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 15.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Under Armour

A number of hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. lifted its holdings in shares of Under Armour by 430.6% in the second quarter. TD Waterhouse Canada Inc. now owns 69,101 shares of the company’s stock valued at $489,000 after purchasing an additional 56,079 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Under Armour in the second quarter valued at $1,897,000. Creative Planning increased its stake in shares of Under Armour by 70.8% in the second quarter. Creative Planning now owns 30,457 shares of the company’s stock worth $208,000 after acquiring an additional 12,620 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Under Armour by 92.5% in the second quarter. SG Americas Securities LLC now owns 150,836 shares of the company’s stock worth $1,030,000 after acquiring an additional 72,486 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Under Armour by 13.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,514 shares of the company’s stock worth $195,000 after acquiring an additional 3,378 shares during the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Company Profile

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.