Telsey Advisory Group Cuts Under Armour (NYSE:UAA) Price Target to $5.00

Key Points

• Telsey Advisory Group has cut its price target for Under Armour from $7.00 to $5.00, indicating a potential downside of 7.92% from the company's previous close.
• Multiple analysts have adjusted their price targets, with most maintaining a "hold" rating and a consensus average target price of $6.87.
• Under Armour's recent earnings results showed a miss in EPS at $0.02 compared to the consensus estimate of $0.03, alongside a 4.2% year-over-year revenue decline.

Under Armour (NYSE:UAA - Get Free Report) had its price target dropped by stock analysts at Telsey Advisory Group from $7.00 to $5.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a "market perform" rating on the stock. Telsey Advisory Group's price objective suggests a potential upside of 1.52% from the stock's current price. Telsey Advisory Group also issued estimates for Under Armour's Q2 2026 earnings at $0.02 EPS, Q3 2026 earnings at $0.04 EPS, Q4 2026 earnings at ($0.02) EPS, FY2026 earnings at $0.06 EPS, Q1 2027 earnings at $0.02 EPS, Q2 2027 earnings at $0.13 EPS, Q3 2027 earnings at $0.13 EPS, Q4 2027 earnings at ($0.02) EPS and FY2027 earnings at $0.26 EPS.

A number of other research analysts also recently issued reports on UAA. Robert W. Baird lifted their price target on shares of Under Armour from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Needham & Company LLC restated a "hold" rating on shares of Under Armour in a research report on Wednesday, May 14th. Bank of America reduced their price objective on shares of Under Armour from $8.00 to $6.50 and set a "neutral" rating for the company in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Under Armour from $6.00 to $5.00 and set an "underweight" rating for the company in a research report on Friday, August 8th. Finally, Truist Financial reduced 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. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Under Armour currently has a consensus rating of "Hold" and a consensus target price of $6.74.

Under Armour Stock Down 2.7%

Under Armour stock traded down $0.14 during trading on Monday, reaching $4.93. The stock had a trading volume of 20,801,690 shares, compared to its average volume of 13,133,479. Under Armour has a 52-week low of $4.78 and a 52-week high of $11.89. The business has a 50 day moving average price of $6.72 and a 200 day moving average price of $6.62. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.12 billion, a PE ratio of 22.39, a P/E/G ratio of 1.85 and a beta of 1.61.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly 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 return on equity of 7.24% and a net margin of 1.99%. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the prior year, the firm earned $0.01 EPS. The firm's revenue was down 4.2% compared to the same quarter last year. On average, analysts predict 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 company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the transaction, the insider directly owned 191,796 shares of the company's stock, valued at $1,177,627.44. This represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Under Armour

A number of institutional investors and hedge funds have recently made changes to their positions in UAA. Bayesian Capital Management LP boosted its position in shares of Under Armour by 51.5% in the 2nd quarter. Bayesian Capital Management LP now owns 221,800 shares of the company's stock worth $1,515,000 after buying an additional 75,400 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of Under Armour in the 2nd quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Under Armour by 30.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,738 shares of the company's stock worth $408,000 after buying an additional 14,066 shares in the last quarter. Caption Management LLC purchased a new stake in shares of Under Armour in the 2nd quarter worth about $389,000. Finally, HUB Investment Partners LLC boosted its position in shares of Under Armour by 12.9% in the 2nd quarter. HUB Investment Partners LLC now owns 21,810 shares of the company's stock worth $149,000 after buying an additional 2,489 shares in the last quarter. 34.58% of the stock is 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.