Under Armour (NYSE:UAA) Given New $7.50 Price Target at UBS Group

Under Armour (NYSE:UAA) had its target price decreased by UBS Group from $8.00 to $7.50 in a note issued to investors on Monday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 47.49% from the stock’s current price.

A number of other research analysts have also issued reports on UAA. Truist Financial decreased their target price on Under Armour from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, May 14th. JPMorgan Chase & Co. decreased their price objective on Under Armour from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Friday, August 8th. Telsey Advisory Group reduced their price objective on Under Armour from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Monday. Robert W. Baird lowered their target price on Under Armour from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Barclays reduced their price objective on Under Armour from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and a consensus target price of $6.74.

Under Armour Price Performance

Shares of NYSE:UAA traded up $0.06 during trading on Monday, reaching $5.09. The company had a trading volume of 3,411,939 shares, compared to its average volume of 12,946,470. Under Armour has a 12 month low of $4.78 and a 12 month high of $11.89. The stock has a market capitalization of $2.19 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 0.77 and a beta of 1.61. The company has a fifty day moving average of $6.75 and a two-hundred day moving average of $6.63. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. Under Armour’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. Equities research analysts forecast that Under Armour will post 0.3 earnings per share for the current year.

Insider Buying and Selling at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 191,796 shares of the company’s stock, valued at $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

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