Under Armour’s (UAA) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Under Armour (NYSE:UAA) in a report issued on Thursday morning, Benzinga reports. Telsey Advisory Group currently has a $9.00 target price on the stock.

Other equities analysts also recently issued reports about the company. Truist Financial assumed coverage on Under Armour in a research report on Friday, November 17th. They issued a hold rating and a $8.00 target price for the company. Evercore ISI reaffirmed an underperform rating and issued a $7.00 target price (down previously from $8.00) on shares of Under Armour in a report on Thursday. BNP Paribas reissued a neutral rating on shares of Under Armour in a research report on Thursday. Finally, TheStreet raised shares of Under Armour from a d+ rating to a c- rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $9.23.

Under Armour Trading Up 1.1 %

Under Armour stock traded up $0.08 during midday trading on Thursday, hitting $7.23. 8,688,812 shares of the stock were exchanged, compared to its average volume of 7,502,156. The stock’s 50-day simple moving average is $8.07 and its 200 day simple moving average is $7.77. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.40 and a beta of 1.67. The company has a current ratio of 2.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27. Under Armour has a fifty-two week low of $6.29 and a fifty-two week high of $9.59.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 EPS. On average, equities analysts anticipate that Under Armour will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Under Armour

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Under Armour by 29.7% in the 3rd quarter. State Street Corp now owns 9,284,969 shares of the company’s stock worth $61,745,000 after acquiring an additional 2,128,406 shares during the period. Dimensional Fund Advisors LP lifted its position in Under Armour by 64.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,497,305 shares of the company’s stock valued at $32,470,000 after purchasing an additional 1,768,346 shares during the period. Neuberger Berman Group LLC purchased a new stake in Under Armour in the 1st quarter valued at approximately $29,478,000. Alyeska Investment Group L.P. acquired a new position in Under Armour during the 4th quarter worth approximately $17,169,000. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Under Armour in the 3rd quarter valued at approximately $10,741,000. 38.45% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.