Under Armour, Inc. (NYSE:UAA) Receives $7.33 Average Target Price from Analysts

Under Armour, Inc. (NYSE:UAA - Get Free Report) has been given a consensus rating of "Hold" by the eighteen analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $7.33.

Several analysts have commented on UAA shares. Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a report on Wednesday, May 14th. Robert W. Baird lifted their price target on Under Armour from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Telsey Advisory Group restated a "market perform" rating and issued a $7.00 price objective on shares of Under Armour in a report on Tuesday, May 13th. Truist Financial decreased their price objective on Under Armour from $9.00 to $7.00 and set a "hold" rating on the stock in a report on Wednesday, May 14th. Finally, Evercore ISI reduced their price objective on Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 14th.

Under Armour Stock Performance

Under Armour stock traded down $0.08 during midday trading on Monday, hitting $6.53. 472,971 shares of the company were exchanged, compared to its average volume of 12,607,929. The firm has a market capitalization of $2.80 billion, a PE ratio of -22.57 and a beta of 1.63. Under Armour has a fifty-two week low of $4.78 and a fifty-two week high of $11.89. The business has a fifty day simple moving average of $6.02 and a two-hundred day simple moving average of $7.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $0.11 earnings per share. Under Armour's quarterly revenue was down 11.4% compared to the same quarter last year. On average, sell-side analysts forecast that Under Armour will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Under Armour

A number of institutional investors have recently modified their holdings of UAA. Rhumbline Advisers grew its stake in Under Armour by 1.3% during the 1st quarter. Rhumbline Advisers now owns 501,147 shares of the company's stock worth $3,132,000 after purchasing an additional 6,607 shares in the last quarter. Strs Ohio acquired a new position in shares of Under Armour during the 1st quarter worth about $1,175,000. Belpointe Asset Management LLC acquired a new position in shares of Under Armour during the 1st quarter worth about $96,000. SCS Capital Management LLC acquired a new position in shares of Under Armour during the 1st quarter worth about $828,000. Finally, United Services Automobile Association acquired a new position in shares of Under Armour during the 1st quarter worth about $83,000. 34.58% of the stock is owned by institutional investors and hedge funds.

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.