Robert W. Baird Lowers Under Armour (NYSE:UAA) Price Target to $6.00

Under Armour (NYSE:UAA) had its price target reduced by research analysts at Robert W. Baird from $7.00 to $6.00 in a report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 19.52% from the stock’s previous close.

A number of other analysts have also recently weighed in on UAA. Truist Financial decreased their target price on shares of Under Armour from $9.00 to $7.00 and set a “hold” rating on the stock in a research note 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. Bank of America lowered their target price on Under Armour from $8.00 to $6.50 and set a “neutral” rating for the company in a report on Monday. Needham & Company LLC reissued a “hold” rating on shares of Under Armour in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company upped their price objective on Under Armour from $4.00 to $5.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.74.

Under Armour Stock Performance

Under Armour stock opened at $5.02 on Monday. 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 stock has a market cap of $2.16 billion, a PE ratio of 22.82, a P/E/G ratio of 0.77 and a beta of 1.61. Under Armour has a 12-month low of $4.78 and a 12-month high of $11.89. The business’s 50-day moving average price is $6.75 and its two-hundred day moving average price is $6.63.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.02 earnings per share 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 analyst estimates of $1.13 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. As a group, analysts expect that Under Armour will post 0.3 earnings per share for the current fiscal year.

Insider Transactions at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the company’s stock in a transaction 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 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 document filed with the SEC, which is available through the SEC website. Insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. grew its position in shares of Under Armour by 55.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after buying an additional 3,503,006 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Under Armour by 17.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,494,339 shares of the company’s stock worth $40,590,000 after acquiring an additional 965,404 shares in the last quarter. American Century Companies Inc. boosted its stake in Under Armour by 9.2% during the second quarter. American Century Companies Inc. now owns 5,970,726 shares of the company’s stock worth $40,780,000 after acquiring an additional 504,912 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Under Armour by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,047,630 shares of the company’s stock worth $31,548,000 after purchasing an additional 231,990 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its holdings in Under Armour by 17.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,997,850 shares of the company’s stock worth $24,987,000 after purchasing an additional 586,183 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

About Under Armour

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.