Under Armour (NYSE:UAA) Price Target Raised to $6.00

Under Armour (NYSE:UAAFree Report) had its price objective raised by Truist Financial from $5.00 to $6.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other analysts also recently weighed in on the stock. Telsey Advisory Group reduced their target price on shares of Under Armour from $6.00 to $5.50 and set a “market perform” rating on the stock in a report on Wednesday, May 13th. BNP Paribas Exane lowered their price target on shares of Under Armour from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. UBS Group set a $9.00 price target on Under Armour and gave the stock a “buy” rating in a research report on Monday. Zacks Research cut Under Armour from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded Under Armour from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $5.94.

View Our Latest Report on UAA

Under Armour Trading Down 1.9%

UAA stock opened at $5.24 on Monday. The firm has a fifty day moving average price of $6.41 and a 200 day moving average price of $6.35. Under Armour has a fifty-two week low of $4.13 and a fifty-two week high of $8.15. The firm has a market cap of $2.23 billion, a PE ratio of -4.56, a price-to-earnings-growth ratio of 1.86 and a beta of 1.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.81.

Under Armour (NYSE:UAAGet Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Under Armour had a negative net margin of 9.99% and a positive return on equity of 4.04%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Under Armour’s revenue was down 3.2% on a year-over-year basis. 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. Sell-side analysts anticipate that Under Armour will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Under Armour news, CFO Reza Taleghani bought 18,656 shares of Under Armour stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $5.37 per share, for a total transaction of $100,182.72. Following the completion of the purchase, the chief financial officer directly owned 87,621 shares in the company, valued at approximately $470,524.77. This trade represents a 27.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 15.70% of the stock is owned by company insiders.

Institutional Trading of Under Armour

Large investors have recently made changes to their positions in the stock. Fairfax Financial Holdings Ltd. Can increased its position in shares of Under Armour by 564.8% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 41,958,923 shares of the company’s stock worth $208,536,000 after acquiring an additional 35,647,123 shares during the period. Marshall Wace LLP boosted its holdings in shares of Under Armour by 113.8% in the third quarter. Marshall Wace LLP now owns 6,296,543 shares of the company’s stock valued at $31,420,000 after purchasing an additional 3,351,976 shares during the period. Whitebox Advisors LLC purchased a new stake in shares of Under Armour in the third quarter valued at approximately $11,237,000. Group One Trading LLC grew its stake in Under Armour by 378.3% in the first quarter. Group One Trading LLC now owns 1,568,227 shares of the company’s stock worth $9,268,000 after purchasing an additional 2,131,642 shares in the last quarter. Finally, Deltroit Asset Management UK LLP bought a new position in Under Armour in the fourth quarter worth approximately $9,909,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

About Under Armour

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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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