Wall Street Zen Upgrades Under Armour (NYSE:UAA) to Hold

Key Points

• Under Armour has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen, indicating a more cautious outlook on the stock.
• Wells Fargo increased their price target for Under Armour from $4.00 to $5.00, while BMO Capital Markets and Robert W. Baird lowered their targets to $9.00 and $6.00, respectively.
• Under Armour's shares opened at $5.18 and have a consensus rating of "Hold" with an average target price of $6.74 among analysts.

Wall Street Zen upgraded shares of Under Armour (NYSE:UAA - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.

Other analysts have also recently issued research reports about the company. BMO Capital Markets reduced their price target on Under Armour from $12.00 to $9.00 and set an "outperform" rating for the company in a research report on Wednesday, May 14th. UBS Group cut their target price on Under Armour from $8.00 to $7.50 and set a "buy" rating for the company in a research report on Monday, August 11th. Citigroup cut their target price on Under Armour from $6.00 to $5.50 and set a "neutral" rating for the company in a research report on Monday, August 11th. Barclays cut their target price on Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a research report on Wednesday, May 14th. Three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Under Armour presently has a consensus rating of "Hold" and an average target price of $6.74.

Under Armour Stock Performance

UAA traded up $0.0450 during midday trading on Friday, reaching $5.1250. The company had a trading volume of 13,434,235 shares, compared to its average volume of 16,196,971. 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 business has a 50-day moving average of $6.55 and a two-hundred day moving average of $6.51. The company has a market cap of $2.20 billion, a P/E ratio of 23.30, a P/E/G ratio of 2.37 and a beta of 1.61. Under Armour has a 1 year low of $4.78 and a 1 year high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The business's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 EPS. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. As a group, equities research analysts predict that Under Armour will post 0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the transaction, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dawn N. Fitzpatrick purchased 100,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $4.93 per share, with a total value of $493,000.00. Following the completion of the purchase, the director owned 133,696 shares of the company's stock, valued at $659,121.28. The trade was a 296.77% increase in their position. The disclosure for this purchase can be found here. 15.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mariner LLC increased its holdings in shares of Under Armour by 10.0% in the 4th quarter. Mariner LLC now owns 17,006 shares of the company's stock valued at $141,000 after acquiring an additional 1,552 shares during the period. Principal Financial Group Inc. boosted its position in shares of Under Armour by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 435,307 shares of the company's stock worth $2,721,000 after purchasing an additional 1,888 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in shares of Under Armour by 10.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 21,470 shares of the company's stock worth $178,000 after purchasing an additional 2,080 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Under Armour by 133.8% in the 2nd quarter. UMB Bank n.a. now owns 4,203 shares of the company's stock worth $29,000 after purchasing an additional 2,405 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of Under Armour by 11.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 23,973 shares of the company's stock worth $164,000 after purchasing an additional 2,440 shares in the last quarter. 34.58% of the stock is owned by institutional investors.

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.