Under Armour (NYSE:UAA) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Under Armour (NYSE:UAA) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

UAA has been the topic of a number of other research reports. UBS Group restated a “buy” rating and issued a $11.00 target price on shares of Under Armour in a research report on Monday, February 9th. Wall Street Zen upgraded Under Armour from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Robert W. Baird set a $8.00 target price on Under Armour in a research report on Monday, February 9th. Barclays set a $8.00 price objective on Under Armour and gave the company an “equal weight” rating in a report on Monday, February 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Under Armour in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.91.

Under Armour Trading Up 1.8%

NYSE UAA traded up $0.12 on Monday, reaching $6.43. 357,878 shares of the company were exchanged, compared to its average volume of 10,897,877. The business’s fifty day moving average price is $6.64 and its 200 day moving average price is $5.55. The stock has a market capitalization of $2.74 billion, a P/E ratio of -5.26, a price-to-earnings-growth ratio of 2.39 and a beta of 1.81. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. Under Armour has a fifty-two week low of $4.13 and a fifty-two week high of $8.15.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Friday, February 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.11. Under Armour had a positive return on equity of 1.48% and a negative net margin of 10.44%.The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted $0.08 earnings per share. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. Under Armour has set its FY 2026 guidance at 0.100-0.110 EPS. Analysts forecast that Under Armour will post 0.3 earnings per share for the current year.

Insiders Place Their Bets

In other Under Armour news, major shareholder V Prem Et Al Watsa acquired 1,112,119 shares of the stock in a transaction dated Wednesday, January 28th. The stock was acquired at an average cost of $6.21 per share, with a total value of $6,906,258.99. Following the transaction, the insider owned 43,000,872 shares in the company, valued at $267,035,415.12. The trade was a 2.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders bought 13,583,722 shares of company stock worth $80,555,375. 15.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UAA. Fairfax Financial Holdings Ltd. Can boosted its position in shares of Under Armour by 564.8% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 41,958,923 shares of the company’s stock worth $208,536,000 after acquiring an additional 35,647,123 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Under Armour by 113.8% during the 3rd quarter. Marshall Wace LLP now owns 6,296,543 shares of the company’s stock worth $31,420,000 after acquiring an additional 3,351,976 shares in the last quarter. Whitebox Advisors LLC acquired a new position in shares of Under Armour during the 3rd quarter worth about $11,237,000. Deltroit Asset Management UK LLP acquired a new position in shares of Under Armour during the 4th quarter worth about $9,909,000. Finally, Vanguard Group Inc. boosted its position in shares of Under Armour by 11.3% during the 4th quarter. Vanguard Group Inc. now owns 17,168,819 shares of the company’s stock worth $85,329,000 after acquiring an additional 1,747,120 shares in the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

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.