Under Armour, Inc. (NYSE:UAA) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• Under Armour has a consensus “Reduce” rating from 16 brokerages, with four sell ratings, ten holds, and two buys. The average 12-month price target is $5.77.
• Shares opened at $4.88 and have traded between $4.13 and $8.15 over the past year. The latest quarter beat EPS expectations, but revenue declined 3.2% year over year to $1.10 billion.
• CFO Reza Taleghani purchased 18,656 shares worth approximately $100,183, increasing his stake by 27.05%. Institutional investors own 34.58% of the company.

Shares of Under Armour, Inc. (NYSE:UAA - Get Free Report) have earned a consensus rating of "Reduce" from the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.7708.

UAA has been the subject of several recent analyst reports. Truist Financial raised their price target on Under Armour from $5.00 to $6.00 and gave the company a "hold" rating in a report on Monday, August 10th. Weiss Ratings raised shares of Under Armour from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th. Morgan Stanley set a $4.00 price objective on Under Armour and gave the stock an "equal weight" rating in a research report on Thursday, September 10th. Wall Street Zen raised Under Armour from a "sell" rating to a "hold" rating in a report on Sunday, May 24th. Finally, UBS Group set a $9.00 price objective on Under Armour and gave the company a "buy" rating in a research report on Monday, August 10th.

Under Armour Trading Down 1.7%

Shares of Under Armour stock opened at $4.88 on Friday. The company has a market capitalization of $2.10 billion, a P/E ratio of -4.25, a PEG ratio of 1.80 and a beta of 1.62. Under Armour has a 1 year low of $4.13 and a 1 year high of $8.15. The company's fifty day moving average is $5.86 and its two-hundred day moving average is $6.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.81.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%.The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the firm earned $0.02 EPS. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030--0.010 EPS. Analysts forecast that Under Armour will post 0.11 earnings per share for the current year.

Insider Activity at Under Armour

In other Under Armour news, CFO Reza Taleghani bought 18,656 shares of Under Armour stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $5.37 per share, for a total transaction of $100,182.72. Following the completion of the transaction, the chief financial officer owned 87,621 shares of the company's stock, valued at $470,524.77. This represents a 27.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Under Armour

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UAA. Fairfax Financial Holdings Ltd. Can lifted its holdings in shares of Under Armour by 564.8% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 41,958,923 shares of the company's stock worth $208,536,000 after acquiring an additional 35,647,123 shares during the period. Dimensional Fund Advisors LP grew its holdings in Under Armour by 17.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,531,173 shares of the company's stock valued at $50,416,000 after purchasing an additional 1,285,384 shares during the period. Jupiter Asset Management Ltd. increased its holdings in shares of Under Armour by 51.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 4,374,367 shares of the company's stock worth $21,741,000 after buying an additional 1,493,327 shares during the last quarter. Deltroit Asset Management UK LLP purchased a new position in shares of Under Armour in the 4th quarter worth $9,909,000. Finally, Group One Trading LLC raised its position in shares of Under Armour by 378.3% in the 1st quarter. Group One Trading LLC now owns 1,568,227 shares of the company's stock worth $9,268,000 after buying an additional 2,131,642 shares during the period. Hedge funds and other institutional investors own 34.58% of the company's stock.

Under Armour Company Profile

Under Armour, Inc develops, markets and distributes performance apparel, footwear and accessories for athletes and active consumers. Its products are designed for a range of sports and activities and include training and team apparel, athletic shoes, sports bras, outerwear, hats, bags and other accessories. The company markets products under the Under Armour brand, including HeatGear, ColdGear and other performance-oriented product lines.

Founded in 1996 by Kevin Plank, Under Armour initially gained recognition for moisture-wicking performance shirts before expanding into a broader athletic apparel and footwear business.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.