Under Armour (NYSE:UAA) Stock Price Up 5.9%

Under Armour, Inc. (NYSE:UAA)’s share price rose 5.9% during mid-day trading on Monday . The stock traded as high as $6.82 and last traded at $6.78. Approximately 8,510,249 shares were traded during trading, an increase of 7% from the average daily volume of 7,976,403 shares. The stock had previously closed at $6.40.

Wall Street Analysts Forecast Growth

UAA has been the subject of a number of recent analyst reports. Barclays reduced their price objective on Under Armour from $9.00 to $6.00 and set an “equal weight” rating for the company in a research note on Monday, May 20th. BNP Paribas restated a “neutral” rating on shares of Under Armour in a research note on Thursday, March 14th. Truist Financial reduced their price objective on Under Armour from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Friday, May 17th. William Blair downgraded Under Armour from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 16th. Finally, BMO Capital Markets reduced their price objective on Under Armour from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.32.

Under Armour Price Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.46. The stock has a market capitalization of $3.01 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 3.45 and a beta of 1.67. The firm has a 50-day moving average price of $6.80 and a 200 day moving average price of $7.40.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS. On average, analysts expect that Under Armour, Inc. will post 0.2 EPS for the current year.

Under Armour declared that its board has approved a share buyback plan on Thursday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 16.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Under Armour by 1.0% during the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock valued at $134,665,000 after buying an additional 173,817 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Under Armour by 29.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock worth $62,893,000 after purchasing an additional 1,636,634 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Under Armour by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,411 shares of the company’s stock valued at $36,456,000 after acquiring an additional 203,666 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Under Armour by 27.2% in the 1st quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock valued at $28,712,000 after acquiring an additional 831,202 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Under Armour by 25.7% in the 4th quarter. BNP Paribas Financial Markets now owns 1,329,188 shares of the company’s stock valued at $11,684,000 after acquiring an additional 271,779 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.