Under Armour (NYSE:UAA) Coverage Initiated by Analysts at KGI Securities

KGI Securities assumed coverage on shares of Under Armour (NYSE:UAA) in a report released on Friday,Benzinga reports. The brokerage issued a neutral rating and a $7.40 price target on the stock.

Other equities analysts have also issued reports about the company. Truist Financial raised their price target on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Morgan Stanley restated an “underweight” rating and set a $4.00 price target on shares of Under Armour in a research report on Friday, December 13th. Robert W. Baird raised their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. UBS Group reduced their price target on Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their price target on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.99.

Under Armour Stock Performance

Shares of NYSE UAA opened at $7.09 on Friday. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of -24.43 and a beta of 1.63. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89. The stock’s 50-day moving average is $7.78 and its 200 day moving average is $8.44.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the previous year, the business posted $0.19 EPS. On average, sell-side analysts anticipate that Under Armour will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company’s stock valued at $234,473,000 after purchasing an additional 18,658,128 shares during the period. Vanguard Group Inc. raised its stake in Under Armour by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock valued at $128,741,000 after buying an additional 263,988 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in Under Armour by 55.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock valued at $81,057,000 after buying an additional 3,503,006 shares during the last quarter. Pacer Advisors Inc. raised its stake in Under Armour by 33,725.1% during the third quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock valued at $85,526,000 after buying an additional 9,570,512 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake in Under Armour by 6.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after buying an additional 327,979 shares during the last quarter. 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, 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.