Under Armour (UAA) Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Under Armour in the last year. There are currently 13 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" UAA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UAA, but not buy additional shares or sell existing shares.
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21 analysts have issued 12 month price targets for Under Armour's shares. Their UAA share price forecasts range from $6.50 to $15.00. On average, they anticipate the company's share price to reach $10.80 in the next year. This suggests a possible upside of 49.7% from the stock's current price.
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Under Armour's stock was trading at $10.16 at the beginning of 2023. Since then, UAA shares have decreased by 29.0% and is now trading at $7.21.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Under Armour, Inc. (NYSE:UAA) announced its earnings results on Tuesday, May, 9th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.03. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. Under Armour had a trailing twelve-month return on equity of 14.44% and a net margin of 6.55%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) EPS.
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ETFs with the largest weight of Under Armour (NYSE:UAA) stock in their portfolio include IQ Engender Equality ETF (EQUL), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Global X Health & Wellness ETF (BFIT), Natixis U.S. Equity Opportunities ETF (EQOP), IQ Healthy Hearts ETF (HART), Cultivar ETF (CVAR), Invesco S&P MidCap Quality ETF (XMHQ) and Avantis U.S. Small Cap Value ETF (AVUV).

Under Armour shares split on Tuesday, April 15th 2014. The 2-1 split was announced on Monday, March 17th 2014. The newly issued shares were distributed to shareholders after the market closes on Monday, April 14th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Under Armour announced that its board has approved a share buyback plan on Wednesday, February 23rd 2022, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Under Armour issued an update on its FY24 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $0.47-$0.51 for the period, compared to the consensus estimate of $0.61.

Based on aggregate information from My MarketBeat watchlists, some companies that other Under Armour investors own include Netflix (NFLX), Gilead Sciences (GILD), Walt Disney (DIS), Tesla (TSLA), Starbucks (SBUX), NIKE (NKE), NVIDIA (NVDA), Twitter (TWTR), Alibaba Group (BABA) and Intel (INTC).

Under Armour trades on the New York Stock Exchange (NYSE) under the ticker symbol "UAA."

Under Armour's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.63%), State Street Corp (2.01%), Two Sigma Investments LP (0.89%), Two Sigma Advisers LP (0.85%), ExodusPoint Capital Management LP (0.76%) and Dimensional Fund Advisors LP (0.62%). Insiders that own company stock include David W Gibbs and Tchernavia Rocker.
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Shares of UAA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UAA stock can currently be purchased for approximately $7.21.

Under Armour (NYSE:UAA) has a market capitalization of $3.20 billion and generates $5.90 billion in revenue each year. The company earns $386.77 million in net income (profit) each year or $0.86 on an earnings per share basis.

The company employs 3,548 workers across the globe.

Under Armour's mailing address is 1020 HULL STREET, BALTIMORE MD, 21230. The official website for the company is www.underarmour.com. The company can be reached via phone at (410) 468-2512, via email at svcinvestorrelations@underarmour.com, or via fax at 410-367-2400.