Under Armour’s (UAA) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Under Armour (NYSE:UAA) in a research report report published on Monday, Benzinga reports. Telsey Advisory Group currently has a $8.00 price target on the stock.

Several other research analysts have also recently issued reports on the stock. Barclays raised their target price on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Truist Financial lifted their price objective on Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Wedbush raised their target price on Under Armour from $8.00 to $8.50 and gave the stock an “outperform” rating in a report on Friday, August 9th. BMO Capital Markets upped their price objective on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Morgan Stanley lowered shares of Under Armour from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $8.00 to $4.00 in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.94.

Under Armour Price Performance

Shares of UAA stock opened at $8.64 on Monday. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $9.58. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08. The stock’s 50-day simple moving average is $8.34 and its 200-day simple moving average is $7.45.

Under Armour (NYSE:UAA) last issued its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Under Armour’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, analysts forecast that Under Armour will post 0.21 EPS for the current year.

Institutional Trading of Under Armour

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Under Armour during the 3rd quarter worth approximately $56,000. CWM LLC lifted its position in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after buying an additional 1,409 shares in the last quarter. City State Bank grew its holdings in Under Armour by 292.6% in the 3rd quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after buying an additional 7,500 shares in the last quarter. Baker Avenue Asset Management LP acquired a new stake in shares of Under Armour in the 3rd quarter worth $92,000. Finally, Optas LLC purchased a new position in shares of Under Armour during the 2nd quarter worth $72,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

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.