Analysts Set Under Armour, Inc. (NYSE:UAA) Price Target at $9.09

Shares of Under Armour, Inc. (NYSE:UAA) have earned an average recommendation of “Hold” from the twenty-two brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $9.09.

UAA has been the subject of several recent research reports. Truist Financial boosted their price target 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. Evercore ISI lowered their target price on Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Monday, February 10th. Guggenheim restated a “neutral” rating on shares of Under Armour in a report on Friday, February 7th. Wells Fargo & Company lifted their price target on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Finally, Robert W. Baird increased their price objective on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

Insider Buying and Selling

In other Under Armour news, CFO David Bergman sold 30,000 shares of the company’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 transaction, the chief financial officer now owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its position 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 valued at $26,000 after buying an additional 1,800 shares during the period. Compagnie Lombard Odier SCmA bought a new position in shares of Under Armour in the 4th quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Under Armour during the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new stake in Under Armour during the fourth quarter worth about $40,000. Finally, Harbour Investments Inc. grew its holdings in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after purchasing an additional 5,000 shares during the period. 34.58% of the stock is currently owned by institutional investors.

Under Armour Price Performance

Shares of Under Armour stock opened at $6.96 on Friday. The firm has a market capitalization of $2.99 billion, a PE ratio of -23.98 and a beta of 1.69. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The business’s 50-day moving average price is $7.98 and its 200-day moving average price is $8.49.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.08 EPS for the quarter, beating 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 quarter in the previous year, the company earned $0.19 EPS. Sell-side analysts forecast that Under Armour will post 0.3 EPS for the current fiscal year.

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.