Under Armour's (UAA) "Market Perform" Rating Reiterated at Telsey Advisory Group

Key Points

• Under Armour's stock rating was reaffirmed as "market perform" by Telsey Advisory Group, with a target price of $7.00, suggesting a potential upside of 6.71% from its previous close.
• Analyst consensus indicates a "Hold" rating for Under Armour, with three analysts rating it as a sell, thirteen as hold, and four as buy, reflecting mixed perspectives on its performance.
• In the last quarter, Under Armour reported a loss of ($0.08) EPS, beating estimates by 1 cent, although the company experienced an 11.4% decline in year-over-year revenue.

Under Armour (NYSE:UAA - Get Free Report)'s stock had its "market perform" rating reaffirmed by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $7.00 target price on the stock. Telsey Advisory Group's price objective would suggest a potential upside of 6.71% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Truist Financial reduced their price objective on Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a report on Wednesday, May 14th. Wall Street Zen downgraded Under Armour from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. UBS Group lifted their price objective on Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Stifel Nicolaus lowered their target price on Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Finally, BMO Capital Markets lowered their target price on Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $7.31.

Under Armour Price Performance

NYSE UAA opened at $6.56 on Monday. Under Armour has a one year low of $4.78 and a one year high of $11.89. The stock has a 50-day moving average of $6.84 and a 200 day moving average of $6.73. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -13.96, a PEG ratio of 0.91 and a beta of 1.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.25 and a current ratio of 2.10.

Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Under Armour had a positive return on equity of 7.04% and a negative net margin of 3.90%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $0.11 EPS. Under Armour's revenue for the quarter was down 11.4% on a year-over-year basis. On average, sell-side analysts forecast that Under Armour will post 0.3 EPS for the current year.

Insider Activity

In related news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 15.60% of the company's stock.

Hedge Funds Weigh In On Under Armour

A number of hedge funds have recently modified their holdings of the company. Northern Trust Corp lifted its stake in shares of Under Armour by 18.9% during the 4th quarter. Northern Trust Corp now owns 1,729,796 shares of the company's stock valued at $14,323,000 after buying an additional 275,131 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Under Armour by 36.5% during the fourth quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company's stock valued at $4,591,000 after acquiring an additional 148,280 shares during the period. Eisler Capital Management Ltd. bought a new stake in Under Armour during the fourth quarter valued at about $2,514,000. Renaissance Technologies LLC lifted its position in shares of Under Armour by 13.7% in the fourth quarter. Renaissance Technologies LLC now owns 4,837,800 shares of the company's stock valued at $40,057,000 after acquiring an additional 581,800 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Under Armour by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company's stock worth $128,741,000 after acquiring an additional 263,988 shares during the period. 34.58% of the stock is currently 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.

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