Under Armour (NYSE:UAA – Get Free Report) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.080-0.120 for the period, compared to the consensus estimate of 0.230. The company issued revenue guidance of -, compared to the consensus revenue estimate of $5.0 billion.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Argus upgraded Under Armour to a “hold” rating in a research report on Friday, January 16th. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price target (up from $5.00) on shares of Under Armour in a research report on Friday, February 6th. The Goldman Sachs Group restated a “neutral” rating and issued a $7.00 price target (up from $5.50) on shares of Under Armour in a research report on Monday, February 9th. Wall Street Zen upgraded Under Armour from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Truist Financial set a $6.00 price target on Under Armour in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and a consensus price target of $6.91.
Read Our Latest Research Report on Under Armour
Under Armour Stock Performance
Under Armour (NYSE:UAA – Get Free Report) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.11. Under Armour had a positive return on equity of 1.48% and a negative net margin of 10.44%.The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business posted $0.08 earnings per share. The business’s quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts expect that Under Armour will post 0.12 EPS for the current year.
Institutional Trading of Under Armour
Several institutional investors have recently made changes to their positions in UAA. Marshall Wace LLP grew its position in shares of Under Armour by 113.8% during the third quarter. Marshall Wace LLP now owns 6,296,543 shares of the company’s stock worth $31,420,000 after purchasing an additional 3,351,976 shares in the last quarter. Whitebox Advisors LLC bought a new position in Under Armour during the third quarter valued at approximately $11,237,000. Fort Baker Capital Management LP bought a new position in Under Armour during the third quarter valued at approximately $8,624,000. AQR Capital Management LLC boosted its stake in Under Armour by 2,164.6% during the fourth quarter. AQR Capital Management LLC now owns 1,635,997 shares of the company’s stock valued at $8,131,000 after buying an additional 1,563,754 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in Under Armour during the fourth quarter valued at approximately $6,177,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.
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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