UBS Group Cuts Under Armour (NYSE:UAA) Price Target to $7.50

Under Armour (NYSE:UAA) had its target price cut by UBS Group from $8.00 to $7.50 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 48.51% from the stock’s current price.

UAA has been the subject of several other reports. Truist Financial decreased their target price 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. Robert W. Baird decreased their target price on shares of Under Armour from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday. Telsey Advisory Group decreased their target price on shares of Under Armour from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Monday. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. decreased their target price 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. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.74.

Under Armour Stock Up 0.4%

UAA traded up $0.02 on Monday, reaching $5.05. 23,246,915 shares of the company traded hands, compared to its average volume of 13,082,807. The stock’s 50 day moving average price is $6.72 and its 200-day moving average price is $6.62. Under Armour has a 52-week low of $4.78 and a 52-week high of $11.89. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 0.77 and a beta of 1.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.13 billion. During the same period in the previous year, the firm posted $0.01 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, sell-side analysts expect that Under Armour will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the sale, the insider 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in shares of Under Armour by 620.7% in the 2nd quarter. Parallel Advisors LLC now owns 3,892 shares of the company’s stock valued at $27,000 after purchasing an additional 3,352 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in Under Armour by 583.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,098 shares of the company’s stock worth $28,000 after acquiring an additional 3,498 shares during the last quarter. UMB Bank n.a. boosted its stake in Under Armour by 133.8% during the 2nd quarter. UMB Bank n.a. now owns 4,203 shares of the company’s stock worth $29,000 after acquiring an additional 2,405 shares during the last quarter. Twin Tree Management LP bought a new position in Under Armour during the 1st quarter worth approximately $44,000. Finally, Neo Ivy Capital Management bought a new position in Under Armour during the 2nd quarter worth approximately $44,000. 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.