Barclays Issues Pessimistic Forecast for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its price target reduced by Barclays from $11.00 to $8.00 in a research report released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also recently weighed in on UAA. Guggenheim reissued a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Truist Financial raised their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Morgan Stanley reissued an “underweight” rating and issued a $4.00 target price on shares of Under Armour in a research note on Friday, December 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 target price on shares of Under Armour in a research note on Thursday, February 6th. Finally, Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Under Armour has a consensus rating of “Hold” and an average target price of $9.09.

Under Armour Price Performance

NYSE UAA opened at $7.13 on Monday. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The company has a market capitalization of $3.08 billion, a PE ratio of -24.59 and a beta of 1.69. The firm’s 50 day moving average is $8.45 and its 200-day moving average is $8.48.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the prior year, the firm earned $0.19 EPS. Equities research analysts anticipate that Under Armour will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Mehri Shadman sold 17,240 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total value of $151,022.40. Following the completion of the sale, the insider now owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Under Armour

A number of large investors have recently bought and sold shares of UAA. Quantbot Technologies LP boosted its position in shares of Under Armour by 288.1% during the 3rd quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock worth $3,772,000 after acquiring an additional 314,226 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Under Armour during the 3rd quarter worth $576,000. International Assets Investment Management LLC boosted its stake in Under Armour by 2,413.5% in the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock valued at $638,000 after buying an additional 68,786 shares in the last quarter. BNP Paribas Financial Markets grew its position in Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock valued at $5,470,000 after acquiring an additional 199,348 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Under Armour by 37.4% during the fourth quarter. SG Americas Securities LLC now owns 158,541 shares of the company’s stock worth $1,313,000 after acquiring an additional 43,158 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.