Under Armour (NYSE:UAA) Cut to "Hold" at Rothschild Redb

Key Points

• Under Armour was downgraded from a "strong-buy" to a "hold" rating by Rothschild Redb, amid a series of mixed ratings from other analysts, highlighting a consensus rating of "Hold" with an average target price of $6.70.
• The company's stock price has seen a decline of 0.6%, with recent figures showing a 12-month low of $4.76 and a high of $11.89.
• Insiders have recently increased their holdings in Under Armour, with significant purchases made by directors, indicating a potential confidence in the company's future performance.

Rothschild Redb downgraded shares of Under Armour (NYSE:UAA - Free Report) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Cfra Research raised Under Armour from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 12th. Citigroup decreased their price target on shares of Under Armour from $6.00 to $5.50 and set a "neutral" rating for the company in a report on Monday, August 11th. The Goldman Sachs Group began coverage on shares of Under Armour in a research report on Wednesday, July 2nd. They set a "neutral" rating and a $7.00 price target on the stock. Rothschild & Co Redburn reaffirmed a "neutral" rating and issued a $6.00 target price (down from $7.00) on shares of Under Armour in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. lowered their price target 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. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Under Armour presently has an average rating of "Hold" and an average price target of $6.70.

Under Armour Stock Down 2.2%

Shares of UAA traded down $0.11 during midday trading on Monday, reaching $4.84. 16,194,616 shares of the company were exchanged, compared to its average volume of 11,554,308. Under Armour has a 1-year low of $4.76 and a 1-year high of $11.89. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 4.06 and a beta of 1.67. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $5.75 and a 200-day moving average price of $6.16.

Under Armour (NYSE:UAA - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the company posted $0.01 earnings per share. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. Research analysts expect that Under Armour will post 0.3 earnings per share for the current year.

Insider Activity at Under Armour

In other Under Armour news, Director Dawn N. Fitzpatrick bought 100,000 shares of Under Armour stock in a transaction on Wednesday, August 13th. The stock was acquired at an average cost of $4.93 per share, with a total value of $493,000.00. Following the completion of the acquisition, the director owned 133,696 shares in the company, valued at approximately $659,121.28. This represents a 296.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert John Sweeney bought 100,000 shares of Under Armour stock in a transaction on Thursday, August 21st. The shares were acquired at an average cost of $4.88 per share, with a total value of $488,000.00. Following the completion of the acquisition, the director owned 133,696 shares of the company's stock, valued at $652,436.48. The trade was a 296.77% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 202,045 shares of company stock valued at $991,000 over the last 90 days. 15.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Under Armour

Hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners purchased a new stake in shares of Under Armour in the first quarter valued at $17,745,000. Jupiter Asset Management Ltd. boosted its stake in Under Armour by 249.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,379,513 shares of the company's stock worth $16,252,000 after purchasing an additional 1,698,467 shares in the last quarter. Marshall Wace LLP lifted its stake in Under Armour by 109.3% during the 2nd quarter. Marshall Wace LLP now owns 2,944,567 shares of the company's stock valued at $20,111,000 after acquiring an additional 1,537,713 shares during the period. American Century Companies Inc. increased its holdings in shares of Under Armour by 36.2% during the 1st quarter. American Century Companies Inc. now owns 5,465,814 shares of the company's stock valued at $34,161,000 after purchasing an additional 1,452,143 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Under Armour during the 2nd quarter valued at approximately $9,918,000. 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.