Telsey Advisory Group Reaffirms "Market Perform" Rating for Under Armour (NYSE:UAA)

Under Armour (NYSE:UAA - Get Free Report)'s stock had its "market perform" rating restated by research analysts at Telsey Advisory Group in a report issued on Monday, Benzinga reports. They presently have a $8.00 price objective on the stock. Telsey Advisory Group's price objective would suggest a potential downside of 7.41% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Truist Financial upped their price target on Under Armour from $7.00 to $8.00 and gave the stock a "hold" rating in a research report on Friday, August 9th. UBS Group upped their price objective on Under Armour from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Argus raised shares of Under Armour to a "strong-buy" rating in a report on Thursday, August 15th. BMO Capital Markets boosted their target price on shares of Under Armour from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Finally, Wedbush upped their target price on shares of Under Armour from $8.00 to $8.50 and gave the company an "outperform" rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Under Armour currently has a consensus rating of "Hold" and an average price target of $7.94.

Under Armour Stock Up 1.4 %

Shares of Under Armour stock traded up $0.12 during midday trading on Monday, hitting $8.64. The company had a trading volume of 11,080,428 shares, compared to its average volume of 10,028,905. The company has a 50 day moving average of $8.33 and a 200 day moving average of $7.44. The stock has a market capitalization of $3.73 billion, a P/E ratio of -48.00, a P/E/G ratio of 4.16 and a beta of 1.66. Under Armour has a 52-week low of $6.17 and a 52-week high of $9.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73.

Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The business's quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS. On average, equities analysts predict that Under Armour will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC lifted its stake in Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company's stock worth $73,000 after acquiring an additional 1,409 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Under Armour by 11.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company's stock worth $123,000 after purchasing an additional 1,409 shares during the period. State of Alaska Department of Revenue boosted its position in Under Armour by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company's stock valued at $203,000 after acquiring an additional 1,485 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Under Armour by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company's stock valued at $1,216,000 after purchasing an additional 1,746 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Under Armour by 10.2% in the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company's stock worth $127,000 after buying an additional 1,764 shares during the last quarter. 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.