Under Armour (NYSE:UAA) Posts Earnings Results, Beats Estimates By $0.11 EPS

Under Armour (NYSE:UAA) released its earnings results on Thursday. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.11, reports. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.10%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Under Armour updated its FY25 guidance to $0.24-0.27 EPS.

Under Armour Price Performance

UAA stock opened at $9.68 on Friday. The business has a fifty day moving average price of $8.47 and a 200 day moving average price of $7.52. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89.

Hedge Funds Weigh In On Under Armour

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jupiter Asset Management Ltd. bought a new position in shares of Under Armour in the first quarter valued at about $8,944,000. Disciplined Growth Investors Inc. MN raised its stake in shares of Under Armour by 1.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock worth $36,102,000 after acquiring an additional 70,731 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in shares of Under Armour by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock worth $1,216,000 after purchasing an additional 1,746 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Under Armour by 24.0% during the first quarter. Commonwealth Equity Services LLC now owns 89,941 shares of the company’s stock worth $664,000 after purchasing an additional 17,399 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. bought a new stake in shares of Under Armour during the third quarter valued at approximately $576,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Wall Street Analysts Forecast Growth

UAA has been the subject of a number of research reports. TD Cowen raised their price objective on Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. UBS Group raised their target price on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company boosted their price target on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday. BMO Capital Markets increased their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Barclays lifted their target price on shares of Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.78.

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.