Brokerages Set Under Armour, Inc. (NYSE:UAA) Target Price at $5.91

Under Armour, Inc. (NYSE:UAA) has earned a consensus recommendation of “Reduce” from the twenty ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $5.9107.

A number of brokerages recently weighed in on UAA. Weiss Ratings restated a “sell (d-)” rating on shares of Under Armour in a report on Friday, April 24th. UBS Group restated a “buy” rating and set a $10.00 target price (down from $11.00) on shares of Under Armour in a report on Thursday, May 14th. Citigroup restated a “sell” rating and set a $4.75 target price (down from $6.20) on shares of Under Armour in a report on Wednesday, May 13th. Truist Financial lowered their target price on shares of Under Armour from $8.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $6.00 target price on shares of Under Armour and gave the stock a “hold” rating in a report on Tuesday, May 12th.

Insider Buying and Selling

In related news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of Under Armour stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $4.97 per share, with a total value of $3,675,419.37. Following the completion of the transaction, the insider directly owned 44,179,116 shares in the company, valued at $219,570,206.52. This trade represents a 1.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 1,178,344 shares of company stock worth $5,865,147 over the last three months. Insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

A number of institutional investors have recently modified their holdings of the business. Jupiter Asset Management Ltd. lifted its position in Under Armour by 21.1% during the third quarter. Jupiter Asset Management Ltd. now owns 2,881,040 shares of the company’s stock worth $14,376,000 after purchasing an additional 501,527 shares during the period. Maven Securities LTD lifted its position in Under Armour by 207.5% during the third quarter. Maven Securities LTD now owns 453,831 shares of the company’s stock worth $2,265,000 after purchasing an additional 306,254 shares during the period. Capula Management Ltd bought a new stake in Under Armour during the third quarter worth about $3,887,000. Ovata Capital Management Ltd bought a new stake in Under Armour during the third quarter worth about $6,980,000. Finally, Intech Investment Management LLC lifted its position in Under Armour by 133.6% during the third quarter. Intech Investment Management LLC now owns 648,896 shares of the company’s stock worth $3,238,000 after purchasing an additional 371,166 shares during the period. Institutional investors own 34.58% of the company’s stock.

Under Armour Stock Performance

Shares of UAA opened at $6.07 on Friday. Under Armour has a 12 month low of $4.13 and a 12 month high of $8.15. The firm has a fifty day simple moving average of $5.89 and a 200 day simple moving average of $5.93. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -5.23, a PEG ratio of 1.81 and a beta of 1.69. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. Under Armour had a negative net margin of 9.98% and a positive return on equity of 3.01%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) earnings per share. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q1 2027 guidance at 0.000-0.020 EPS. Research analysts forecast that Under Armour will post 0.12 EPS for the current fiscal year.

About Under Armour

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.