Evercore ISI Issues Pessimistic Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its price target trimmed by Evercore ISI from $8.00 to $7.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an underperform rating on the stock.

A number of other analysts also recently commented on the stock. Guggenheim reiterated a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a report on Thursday, February 6th. Truist Financial boosted their target price on shares of Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Robert W. Baird boosted their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, TD Cowen boosted their target price on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.09.

Under Armour Trading Down 1.4 %

Shares of NYSE:UAA opened at $7.13 on Monday. The company has a 50 day moving average of $8.45 and a 200-day moving average of $8.48. The firm has a market cap of $3.08 billion, a P/E ratio of -24.59 and a beta of 1.69. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period last year, the company posted $0.19 earnings per share. As a group, analysts anticipate that Under Armour will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the sale, the insider now directly owns 172,899 shares of the company’s stock, valued at $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by company insiders.

Institutional Trading of Under Armour

Several large investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB boosted its holdings in shares of Under Armour by 21.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 52,700 shares of the company’s stock worth $470,000 after buying an additional 9,200 shares during the period. CWM LLC boosted its holdings in shares of Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after buying an additional 1,409 shares during the period. City State Bank boosted its holdings in shares of Under Armour by 292.6% during the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock worth $90,000 after buying an additional 7,500 shares during the period. Creative Planning boosted its holdings in shares of Under Armour by 28.0% during the 3rd quarter. Creative Planning now owns 21,457 shares of the company’s stock worth $191,000 after buying an additional 4,695 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Under Armour during the 3rd quarter worth $276,000. 34.58% of the stock is owned by institutional investors.

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.