First Trust Advisors LP lowered its position in shares of Under Armour, Inc. (NYSE:UAA – Free Report) by 89.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 126,638 shares of the company’s stock after selling 1,116,182 shares during the period. First Trust Advisors LP’s holdings in Under Armour were worth $748,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of UAA. Blair William & Co. IL increased its stake in shares of Under Armour by 40.0% in the 4th quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock worth $26,000 after acquiring an additional 1,476 shares in the last quarter. State of Wyoming bought a new stake in Under Armour during the second quarter worth about $44,000. Hantz Financial Services Inc. grew its holdings in Under Armour by 202.7% in the fourth quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock worth $42,000 after purchasing an additional 5,662 shares during the period. Equitable Holdings Inc. purchased a new stake in Under Armour in the fourth quarter worth about $51,000. Finally, Florida Financial Advisors LLC bought a new position in shares of Under Armour during the second quarter valued at approximately $72,000. Institutional investors own 34.58% of the company’s stock.
Wall Street Analysts Forecast Growth
UAA has been the topic of a number of analyst reports. Barclays cut Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research report on Tuesday. Stifel Nicolaus set a $6.00 price objective on Under Armour and gave the company a “hold” rating in a research note on Tuesday, May 12th. Zacks Research cut Under Armour from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. UBS Group set a $9.00 target price on Under Armour and gave the stock a “buy” rating in a report on Monday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Under Armour in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $5.94.
Under Armour Price Performance
Shares of NYSE UAA opened at $5.34 on Wednesday. The firm has a market cap of $2.28 billion, a P/E ratio of -4.65, a PEG ratio of 1.97 and a beta of 1.67. Under Armour, Inc. has a twelve month low of $4.13 and a twelve month high of $8.15. The company has a quick ratio of 0.96, a current ratio of 1.81 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $6.41 and a 200 day moving average of $6.36.
Under Armour (NYSE:UAA – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%.The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company earned $0.02 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030–0.010 EPS. As a group, research analysts expect that Under Armour, Inc. will post 0.11 EPS for the current fiscal year.
About Under Armour
Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.
Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.
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