The stock of Under Armour Inc (NYSE:UAA) last traded at $7.42, up 2.91% from the previous session.
Data from the available sources indicates that Under Armour Inc (NYSE:UAA) is covered by 28 analysts. 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 $7.00, we find $9.45. Given the previous closing price of $7.21, this indicates a potential upside of 31.07 percent. UAA stock price is now 5.35% away from the 50-day moving average and -9.99% away from the 200-day moving average. The market capitalization of the company currently stands at $3.30B.
In total, 15 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $9.90 as their price target over the next twelve months.
With the price target of $8, Evercore ISI recently initiated with In-line rating for Under Armour Inc (NYSE: UAA).
In other news, Plank Kevin A, Exec. Chair & Brand Chief sold 16,000,000 shares of the company’s stock on May 31. The stock was sold for $98,080,000 at an average price of $6.13. Upon completion of the transaction, the Exec. Chair & Brand Chief now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 10, Chief Administrative Officer Rocker Tchernavia sold 69,823 shares of the business’s stock. A total of $650,689 was realized by selling the stock at an average price of $9.32. This leaves the insider owning 260,291 shares of the company worth $1.93 million. A total of 57.72% of the company’s stock is owned by insiders.
With an opening price of $7.11 on Wednesday morning, Under Armour Inc (NYSE: UAA) set off the trading day. During the past 12 months, Under Armour Inc has had a low of $6.29 and a high of $13.05. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 2.04, and a quick ratio of 1.14. According to the stock market information, the enterprise value for the company is $3.85B, which is based on a 8.76 price-to-earnings ratio, a 0.89 price-to-earnings-growth ratio, and a beta of 1.69. The fifty day moving average price for UAA is $7.04 and a two-hundred day moving average price translates $8.24 for the stock.
The latest earnings results from Under Armour Inc (NYSE: UAA) was released for Jun, 2023. According to the Apparel Manufacturing Company, earnings per share came in at $0.02, beating analysts’ expectations of -$0.02 by 0.04. This compares to $0.02 EPS in the same period last year. The net profit margin was 6.65% and return on equity was 20.76% for UAA. The company reported revenue of $1.32 billion for the quarter, compared to $1.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.38 percent. For the current quarter, analysts expect UAA to generate $1.57B in revenue.
