Under Armour’s (UAA) “Buy” Rating Reaffirmed at UBS Group

Under Armour (NYSE:UAA)‘s stock had its “buy” rating reiterated by UBS Group in a research note issued to investors on Monday, Marketbeat reports. They presently have a $7.50 price target on the stock, down from their previous price target of $8.00. UBS Group’s target price indicates a potential upside of 48.51% from the company’s current price.

UAA has been the topic of several other research reports. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a report on Wednesday, May 14th. Truist Financial cut their price target on shares of Under Armour from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, May 14th. Evercore ISI cut their price target on shares of Under Armour from $7.00 to $6.00 and set an “underperform” rating on the stock in a report on Wednesday, May 14th. Wells Fargo & Company lifted their price target on shares of Under Armour from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Finally, Citigroup cut their price target on shares of Under Armour from $6.00 to $5.50 and set a “neutral” rating on the stock in a report on Monday. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Under Armour currently has a consensus rating of “Hold” and an average price target of $6.74.

Under Armour Trading Up 0.4%

Shares of Under Armour stock traded up $0.02 on Monday, hitting $5.05. The stock had a trading volume of 23,246,915 shares, compared to its average volume of 13,082,807. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. Under Armour has a one year low of $4.78 and a one year high of $11.89. The stock 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 stock’s 50-day simple moving average is $6.75 and its two-hundred day simple moving average is $6.63.

Under Armour (NYSE:UAA) last issued its earnings results on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.13 billion. During the same quarter in the prior year, the business posted $0.01 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, sell-side analysts predict that Under Armour will post 0.3 EPS for the current year.

Insider Activity at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the business’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 sale, the insider owned 191,796 shares in the company, valued at approximately $1,177,627.44. The trade was a 7.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

Large investors have recently modified their holdings of the stock. Northern Trust Corp raised its position in shares of Under Armour by 18.9% in the 4th quarter. Northern Trust Corp now owns 1,729,796 shares of the company’s stock worth $14,323,000 after purchasing an additional 275,131 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Under Armour by 36.5% in the 4th quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company’s stock worth $4,591,000 after purchasing an additional 148,280 shares during the last quarter. Eisler Capital Management Ltd. purchased a new position in shares of Under Armour in the 4th quarter worth about $2,514,000. Alyeska Investment Group L.P. raised its position in shares of Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after purchasing an additional 3,503,006 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in shares of Under Armour in the 1st quarter worth about $623,000. Hedge funds and other 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.