Under Armour (NYSE:UAA) Upgraded to “Hold” at William Blair

William Blair upgraded shares of Under Armour (NYSE:UAA) to a hold rating in a research note published on Thursday,Zacks.com reports.

A number of other brokerages have also recently weighed in on UAA. UBS Group restated a “buy” rating and set a $8.00 price objective (up from $7.50) on shares of Under Armour in a research note on Friday. Cfra Research raised shares of Under Armour from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, August 12th. Telsey Advisory Group restated a “market perform” rating and set a $5.00 price target on shares of Under Armour in a research report on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Under Armour in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Three equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $6.58.

Under Armour Stock Up 2.5%

NYSE UAA traded up $0.12 during trading hours on Thursday, reaching $4.67. 15,486,144 shares of the company traded hands, compared to its average volume of 12,711,639. Under Armour has a 12 month low of $4.35 and a 12 month high of $11.08. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.00 billion, a PE ratio of 21.21, a PEG ratio of 3.85 and a beta of 1.86. The company has a 50 day moving average of $4.86 and a two-hundred day moving average of $5.83.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, November 6th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Under Armour had a return on equity of 7.24% and a net margin of 1.99%.Under Armour’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. Under Armour has set its Q3 2026 guidance at 0.030-0.050 EPS. As a group, equities analysts expect that Under Armour will post 0.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dawn N. Fitzpatrick purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $4.93 per share, with a total value of $493,000.00. Following the purchase, the director owned 133,696 shares of the company’s stock, valued at $659,121.28. This trade represents a 296.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert John Sweeney acquired 100,000 shares of Under Armour stock in a transaction on Thursday, August 21st. The shares were purchased at an average cost of $4.88 per share, with a total value of $488,000.00. Following the completion of the purchase, the director directly owned 133,696 shares of the company’s stock, valued at approximately $652,436.48. This represents a 296.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 202,045 shares of company stock valued at $991,000 in the last quarter. 15.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Under Armour by 17.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,997,850 shares of the company’s stock worth $24,987,000 after buying an additional 586,183 shares during the period. American Century Companies Inc. lifted its position in Under Armour by 36.2% during the first quarter. American Century Companies Inc. now owns 5,465,814 shares of the company’s stock worth $34,161,000 after acquiring an additional 1,452,143 shares during the last quarter. SCS Capital Management LLC bought a new stake in shares of Under Armour during the first quarter worth approximately $828,000. GDS Wealth Management acquired a new position in shares of Under Armour in the first quarter valued at approximately $315,000. Finally, ABC Arbitrage SA bought a new position in shares of Under Armour during the first quarter worth approximately $3,233,000. 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.