Seaport Res Ptn Predicts Under Armour FY2028 Earnings

Under Armour, Inc. (NYSE:UAA) – Seaport Res Ptn issued their FY2028 earnings estimates for Under Armour in a report issued on Tuesday, May 6th. Seaport Res Ptn analyst M. Kummetz forecasts that the company will post earnings of $0.38 per share for the year. The consensus estimate for Under Armour’s current full-year earnings is $0.30 per share.

A number of other equities analysts have also recently commented on the stock. StockNews.com raised shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. Barclays lowered their price objective on Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. UBS Group increased their price target on Under Armour from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Wells Fargo & Company dropped their price objective on shares of Under Armour from $7.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Finally, Evercore ISI reduced their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Under Armour presently has an average rating of “Hold” and a consensus price target of $7.99.

Under Armour Price Performance

NYSE:UAA opened at $5.84 on Thursday. The company has a market capitalization of $2.51 billion, a P/E ratio of -20.14 and a beta of 1.54. The business’s 50-day moving average is $6.08 and its 200 day moving average is $7.69. 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 $4.78 and a 12 month high of $11.89.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (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 period in the prior year, the company posted $0.19 EPS.

Institutional Trading of Under Armour

A number of institutional investors have recently made changes to their positions in UAA. Charles Schwab Investment Management Inc. increased its stake in Under Armour by 4.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,047,630 shares of the company’s stock valued at $31,548,000 after purchasing an additional 231,990 shares in the last quarter. ABC Arbitrage SA purchased a new position in Under Armour in the 1st quarter worth $3,233,000. Encompass More Asset Management acquired a new stake in Under Armour during the 1st quarter worth about $88,000. PNC Financial Services Group Inc. grew its stake in Under Armour by 12.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 26,694 shares of the company’s stock valued at $167,000 after purchasing an additional 2,868 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of Under Armour in the first quarter valued at about $165,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.