Under Armour (NYSE:UAA - Free Report) had its target price cut by Evercore ISI from $8.00 to $7.00 in a research report released on Monday morning,Benzinga reports. They currently have an underperform rating on the stock.
Other analysts have also issued research reports about the stock. Truist Financial increased their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Morgan Stanley reiterated an "underweight" rating and set a $4.00 price objective on shares of Under Armour in a research note on Friday, December 13th. Argus cut Under Armour from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. UBS Group dropped their target price on Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Finally, Guggenheim reissued a "neutral" rating on shares of Under Armour in a report on Friday, February 7th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $9.09.
Read Our Latest Report on UAA
Under Armour Stock Performance
UAA traded up $0.11 on Monday, reaching $7.25. 7,594,100 shares of the stock were exchanged, compared to its average volume of 10,258,127. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.24. The company's 50-day moving average price is $8.45 and its 200 day moving average price is $8.48. The firm has a market capitalization of $3.13 billion, a PE ratio of -24.98 and a beta of 1.69. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89.
Under Armour (NYSE:UAA - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the prior year, the business earned $0.19 earnings per share. As a group, sell-side analysts forecast that Under Armour will post 0.29 EPS for the current fiscal year.
Insider Activity at Under Armour
In other news, CFO David Bergman sold 30,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mehri Shadman sold 17,240 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the transaction, the insider now owns 182,538 shares in the company, valued at $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is owned by corporate insiders.
Institutional Trading of Under Armour
A number of hedge funds have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA purchased a new stake in shares of Under Armour in the fourth quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. boosted its stake in Under Armour by 163.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company's stock worth $26,000 after buying an additional 1,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Under Armour during the 4th quarter worth $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Under Armour during the 4th quarter valued at about $40,000. Finally, Harbour Investments Inc. grew its holdings in shares of Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.
About Under Armour
(
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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.
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