Under Armour Inc. (NYSE:UAA) shares traded 2.70% higher at $7.62 on Wall Street last session.
In accordance with the data, 28 analysts cover Under Armour Inc. (NYSE:UAA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $8.00, we find $10.00. Given the previous closing price of $7.42, this indicates a potential upside of 34.77 percent. UAA stock price is now -12.55% away from the 50-day moving average and -17.30% away from the 200-day moving average. The market capitalization of the company currently stands at $3.28B.
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It has been rated a hold by 14 analysts and a buy by 12. Brokers who have rated the stock have averaged $10.38 as their price target over the next twelve months.
On March 16, 2023, Redburn recently initiated its ‘Buy’ rating on the stock quoting a target price of $13.50, while ‘JP Morgan’ rates the stock as ‘Neutral’.
In other news, Rocker Tchernavia, Chief Administrative Officer sold 69,823 shares of the company’s stock on Feb 10. The stock was sold for $650,689 at an average price of $9.32. Upon completion of the transaction, the Chief Administrative Officer now directly owns 260,291 shares in the company, valued at $1.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31, Director Gibbs David W bought 25,000 shares of the business’s stock. A total of $240,085 was incurred on buying the stock at an average price of $9.60. This leaves the insider owning 50,000 shares of the company worth $0.38 million. A total of 0.28% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UAA stock. A new stake in Under Armour Inc. shares was purchased by QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $16,626,000. NINE27 CAPITAL MANAGEMENT, LP invested $15,240,000 in shares of UAA during the first quarter. In the first quarter, HUDSON BAY CAPITAL MANAGEMENT LP acquired a new stake in Under Armour Inc. valued at approximately $4,484,000. GMT CAPITAL CORP acquired a new stake in UAA for approximately $3,321,000. TWIN TREE MANAGEMENT, LP purchased a new stake in UAA valued at around $2,852,000 in the second quarter. In total, there are 501 active investors with 81.40% ownership of the company’s stock.
Under Armour Inc. (NYSE: UAA) opened at $7.46 on Thursday. During the past 12 months, Under Armour Inc. has had a low of $6.38 and a high of $13.05. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 2.10, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $4.04B, which is based on a 22.28 price-to-earnings ratio, a 8.47 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for UAA is $8.68 and a two-hundred day moving average price translates $9.21 for the stock.
The latest earnings results from Under Armour Inc. (NYSE: UAA) was released for Mar, 2023. According to the Apparel Manufacturing Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.15 by 0.03. This compares to -$0.13 EPS in the same period last year. The net profit margin was 2.70% and return on equity was 8.80% for UAA. The company reported revenue of $1.4 billion for the quarter, compared to $1.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.53 percent. For the current quarter, analysts expect UAA to generate $1.3B in revenue.
Under Armour Inc.(UAA) Company Profile
Under Armour, Inc., together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications. In addition, the company offers accessories, which include gloves, bags, headwear, and sports masks; and digital subscription and advertising services under the MapMyRun and MapMyRide platforms. It primarily offers its products under the UNDER ARMOUR, UA, HEATGEAR, COLDGEAR, HOVR, PROTECT THIS HOUSE, I WILL, UA Logo, ARMOUR FLEECE, and ARMOUR BRA brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of 422 brand and factory house stores, as well as through e-commerce websites. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. Under Armour, Inc. was incorporated in 1996 and is headquartered in Baltimore, Maryland.
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