Analysts’ Weekly Ratings Changes for Under Armour (UAA)

Several analysts have recently updated their ratings and price targets for Under Armour (NYSE: UAA):

• 5/18/2023 – Under Armour is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/10/2023 – Under Armour had its price target raised by analysts at Robert W. Baird from $9.00 to $10.00.
• 5/10/2023 – Under Armour had its price target lowered by analysts at Morgan Stanley from $10.00 to $8.00.
• 5/10/2023 – Under Armour had its price target lowered by analysts at Barclays PLC from $9.00 to $8.00.
• 5/5/2023 – Under Armour had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $14.00 to $12.00.
• 5/2/2023 – Under Armour was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating.
• 3/29/2023 – Under Armour had its price target lowered by analysts at UBS Group AG from $16.00 to $15.00. They now have a “buy” rating on the stock.

Under Armour Stock Performance

NYSE UAA traded up $0.06 on Friday, hitting $7.11. 5,540,572 shares of the stock traded hands, compared to its average volume of 7,435,995. Under Armour, Inc. has a 12 month low of $6.38 and a 12 month high of $13.05. The business’s fifty day moving average is $8.55 and its two-hundred day moving average is $9.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.30 and a current ratio of 2.18. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 7.18 and a beta of 1.62.

Under Armour (NYSE:UAA – Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. Under Armour had a return on equity of 14.44% and a net margin of 6.55%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) earnings per share. As a group, equities analysts anticipate that Under Armour, Inc. will post 0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Under Armour by 5.1% during the first quarter. Vanguard Group Inc. now owns 20,911,825 shares of the company’s stock valued at $355,918,000 after acquiring an additional 1,017,211 shares in the last quarter. BlackRock Inc. lifted its position in Under Armour by 3.1% during the third quarter. BlackRock Inc. now owns 16,901,026 shares of the company’s stock valued at $112,390,000 after purchasing an additional 511,664 shares during the period. State Street Corp lifted its position in Under Armour by 29.7% during the third quarter. State Street Corp now owns 9,284,969 shares of the company’s stock valued at $61,745,000 after purchasing an additional 2,128,406 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Under Armour by 141.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,084,024 shares of the company’s stock worth $61,814,000 after acquiring an additional 3,565,281 shares during the period. Finally, Balyasny Asset Management LLC increased its stake in shares of Under Armour by 36.4% during the third quarter. Balyasny Asset Management LLC now owns 4,158,618 shares of the company’s stock worth $27,655,000 after purchasing an additional 1,109,408 shares in the last quarter. Institutional investors own 33.04% of the company’s stock.

Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, and Endomondo applications.