Under Armour (NYSE:UAA) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Under Armour (NYSE:UAA) in a research note released on Monday, Benzinga reports. They currently have a $8.00 price objective on the stock.

Other analysts have also issued reports about the company. UBS Group lifted their price target on Under Armour from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays lifted their target price on Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. BMO Capital Markets increased their price target on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Stifel Nicolaus boosted their target price on shares of Under Armour from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Truist Financial increased their target price on shares of Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Under Armour presently has a consensus rating of “Hold” and an average price target of $7.94.

Under Armour Stock Down 1.2 %

Shares of NYSE UAA opened at $8.75 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. The company has a 50-day moving average price of $8.37 and a 200-day moving average price of $7.47. The stock has a market capitalization of $3.78 billion, a P/E ratio of -48.61, a P/E/G ratio of 4.02 and a beta of 1.66. Under Armour has a 1 year low of $6.17 and a 1 year high of $9.58.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $0.02 EPS. Under Armour’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Under Armour will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Under Armour

Institutional investors and hedge funds have recently made changes to their positions in the business. Jupiter Asset Management Ltd. purchased a new stake in Under Armour during the first quarter valued at about $8,944,000. Dimensional Fund Advisors LP boosted its holdings in Under Armour by 12.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after acquiring an additional 1,051,143 shares during the period. Janus Henderson Group PLC grew its position in Under Armour by 27.2% during the 1st quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock worth $28,712,000 after acquiring an additional 831,202 shares during the last quarter. Lumbard & Kellner LLC purchased a new position in Under Armour in the 1st quarter worth approximately $3,394,000. Finally, Quadrature Capital Ltd bought a new stake in Under Armour in the first quarter valued at approximately $1,471,000. 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.