Under Armour (NYSE:UAA) Stock Price Expected to Rise, Truist Financial Analyst Says

Under Armour (NYSE:UAA) had its target price raised by stock analysts at Truist Financial from $5.00 to $6.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential upside of 5.91% from the company’s previous close.

A number of other brokerages have also issued reports on UAA. Wall Street Zen raised Under Armour from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. The Goldman Sachs Group reissued a “neutral” rating and issued a $6.00 price target on shares of Under Armour in a report on Wednesday, May 13th. BNP Paribas Exane lowered their price objective on Under Armour from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Citigroup restated a “sell” rating and set a $4.75 price objective (down from $6.20) on shares of Under Armour in a report on Wednesday, May 13th. Finally, Telsey Advisory Group cut their target price on Under Armour from $6.00 to $5.50 and set a “market perform” rating on the stock in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and an average price target of $5.98.

Under Armour Stock Down 7.3%

Shares of UAA stock traded down $0.45 on Monday, hitting $5.67. The stock had a trading volume of 9,320,509 shares, compared to its average volume of 9,653,761. The stock’s 50 day moving average is $6.41 and its 200-day moving average is $6.37. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -4.92, a P/E/G ratio of 2.12 and a beta of 1.67. Under Armour has a 52-week low of $4.13 and a 52-week high of $8.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.81.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Under Armour had a negative net margin of 9.99% and a positive return on equity of 4.04%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030–0.010 EPS. As a group, research analysts expect that Under Armour will post 0.11 earnings per share for the current year.

Insider Activity

In related news, major shareholder V Prem Et Al Watsa purchased 739,521 shares of Under Armour stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $4.97 per share, with a total value of $3,675,419.37. Following the completion of the transaction, the insider owned 44,179,116 shares of the company’s stock, valued at approximately $219,570,206.52. This trade represents a 1.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have bought 1,178,344 shares of company stock valued at $5,865,147. Corporate insiders own 15.70% of the company’s stock.

Institutional Trading of Under Armour

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blair William & Co. IL lifted its holdings in Under Armour by 40.0% during the 4th quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock worth $26,000 after buying an additional 1,476 shares during the last quarter. State of Wyoming bought a new stake in shares of Under Armour in the 2nd quarter valued at approximately $44,000. Hantz Financial Services Inc. increased its holdings in shares of Under Armour by 202.7% in the 4th quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock valued at $42,000 after acquiring an additional 5,662 shares during the last quarter. Equitable Holdings Inc. acquired a new stake in shares of Under Armour during the 4th quarter valued at approximately $51,000. Finally, Florida Financial Advisors LLC acquired a new stake in shares of Under Armour during the 2nd quarter valued at approximately $72,000. 34.58% of the stock is owned by institutional investors.

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.