Under Armour, Inc. (NYSE:UAA) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Under Armour, Inc. has received an average recommendation of "Hold" from 20 brokerages, with three analysts advising sell, fourteen advising hold, and three advising buy.
• The company's most recent 12-month price target from analysts is approximately $6.74, reflecting recent adjustments from several firms.
• Insider activity showed Director Dawn N. Fitzpatrick acquired 100,000 shares at $4.93 each, representing a substantial 296.77% increase in their position.

Under Armour, Inc. (NYSE:UAA - Get Free Report) has earned an average recommendation of "Hold" from the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $6.7438.

UAA has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Under Armour from a "sell" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. decreased their price objective on shares of Under Armour from $6.00 to $5.00 and set an "underweight" rating on the stock in a report on Friday, August 8th. Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a research report on Wednesday, May 14th. Truist Financial cut their price objective on shares of Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, May 14th. Finally, Barclays lowered their target price on Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th.

Under Armour Trading Up 5.3%

NYSE:UAA traded up $0.26 during trading hours on Friday, reaching $5.18. 30,513,277 shares of the company were exchanged, compared to its average volume of 15,465,376. The stock has a 50 day simple moving average of $6.65 and a 200 day simple moving average of $6.55. Under Armour has a 52-week low of $4.78 and a 52-week high of $11.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 2.41 and a beta of 1.61.

Under Armour (NYSE:UAA - Get Free Report) last posted its earnings results 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 net margin of 1.99% and a return on equity of 7.24%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the firm earned $0.01 earnings per share. The company's revenue for the quarter was down 4.2% on a year-over-year basis. As a group, analysts predict that Under Armour will post 0.3 EPS for the current year.

Insider Activity at Under Armour

In other news, Director Dawn N. Fitzpatrick purchased 100,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average cost of $4.93 per share, for a total transaction of $493,000.00. Following the completion of the transaction, the director directly owned 133,696 shares in the company, valued at approximately $659,121.28. This represents a 296.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $100,002.18. Following the transaction, the insider owned 191,796 shares of the company's stock, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.60% of the company's stock.

Institutional Trading of Under Armour

Several hedge funds have recently modified their holdings of UAA. Alyeska Investment Group L.P. boosted its stake in shares of Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock valued at $81,057,000 after buying an additional 3,503,006 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in shares of Under Armour in the 4th quarter valued at about $28,249,000. Boston Partners purchased a new position in shares of Under Armour in the 1st quarter valued at about $17,745,000. Jupiter Asset Management Ltd. boosted its stake in shares of Under Armour by 249.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,379,513 shares of the company's stock valued at $16,252,000 after buying an additional 1,698,467 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Under Armour by 109.3% in the 2nd quarter. Marshall Wace LLP now owns 2,944,567 shares of the company's stock valued at $20,111,000 after buying an additional 1,537,713 shares during the period. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.