Telsey Advisory Group Has Lowered Expectations for Under Armour (NYSE:UAA) Stock Price

Under Armour (NYSE:UAA) had its target price reduced by investment analysts at Telsey Advisory Group from $5.50 to $5.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group‘s price objective indicates a potential downside of 8.51% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. UBS Group reissued a “buy” rating and issued a $8.00 price objective (down from $9.00) on shares of Under Armour in a research report on Wednesday, October 28th. Morgan Stanley set a $4.00 price target on Under Armour and gave the company an “equal weight” rating in a report on Thursday, September 10th. Truist Financial boosted their price objective on Under Armour from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Barclays lowered shares of Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Under Armour currently has a consensus rating of “Hold” and an average target price of $5.80.

Under Armour Price Performance

Under Armour stock traded up $0.18 during midday trading on Monday, reaching $5.46. 9,257,074 shares of the company were exchanged, compared to its average volume of 9,509,227. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of -4.92, a P/E/G ratio of 1.98 and a beta of 1.58. The firm’s 50-day simple moving average is $4.89 and its 200-day simple moving average is $5.93. Under Armour has a 1 year low of $4.13 and a 1 year high of $8.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.95.

Under Armour (NYSE:UAA) last announced its earnings results on Friday, August 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Under Armour had a positive return on equity of 3.12% and a negative net margin of 9.80%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. On average, analysts anticipate that Under Armour will post 0.10 EPS for the current year.

Insider Transactions at Under Armour

In related news, CFO Reza Taleghani purchased 18,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $5.37 per share, for a total transaction of $100,182.72. Following the completion of the acquisition, the chief financial officer directly owned 87,621 shares in the company, valued at approximately $470,524.77. The trade was a 27.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 15.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Under Armour

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Under Armour by 17.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,531,173 shares of the company’s stock worth $50,416,000 after purchasing an additional 1,285,384 shares during the period. State Street Corp lifted its stake in Under Armour by 27.8% during the 2nd quarter. State Street Corp now owns 7,682,658 shares of the company’s stock worth $49,092,000 after acquiring an additional 1,669,312 shares in the last quarter. Group One Trading LLC boosted its holdings in Under Armour by 378.3% in the first quarter. Group One Trading LLC now owns 1,568,227 shares of the company’s stock valued at $9,268,000 after purchasing an additional 2,131,642 shares during the period. Quantinno Capital Management LP grew its holdings in Under Armour by 100.9% during the 1st quarter. Quantinno Capital Management LP now owns 1,226,299 shares of the company’s stock worth $7,247,000 after acquiring an additional 615,828 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Under Armour by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 915,640 shares of the company’s stock valued at $5,411,000 after acquiring an additional 18,599 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

Under Armour Company Profile

Under Armour, Inc develops, markets and sells performance apparel, footwear and accessories. Its products are designed for athletic training, competition and everyday use, and include technical apparel, running and training shoes, sports accessories and connected fitness offerings.

Founded in 1996 by Kevin Plank, the company built its early business around moisture-wicking performance apparel. Under Armour sells products through wholesale partners and its own direct-to-consumer channels, including retail stores and e-commerce.

Under Armour serves customers in North America and international markets, including Europe, the Middle East and Africa, Asia-Pacific, and Latin America.