In yesterday’s Wall Street session, Under Armour Inc (NYSE:UAA) shares traded at $8.38, up 1.58% from the previous session.
As of this writing, 29 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 $9.00. Given the previous closing price of $8.25, this indicates a potential upside of 9.09 percent. UAA stock price is now 15.87% away from the 50-day moving average and 6.33% away from the 200-day moving average. The market capitalization of the company currently stands at $3.67B.
There are 16 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $9.67 as their price target over the next twelve months.
With the price target of $8, Truist recently initiated with Hold 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 $2.18 million. A total of 57.00% of the company’s stock is owned by insiders.
Wednesday morning saw Under Armour Inc (NYSE: UAA) opened at $8.33. 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 0.70, a current ratio of 2.24, and a quick ratio of 1.35. According to the stock market information, the enterprise value for the company is $4.38B, which is based on a 9.30 price-to-earnings ratio, a 1.09 price-to-earnings-growth ratio, and a beta of 1.67. The fifty day moving average price for UAA is $7.23 and a two-hundred day moving average price translates $7.88 for the stock.
The latest earnings results from Under Armour Inc (NYSE: UAA) was released for Sep, 2023. The net profit margin was 7.03% and return on equity was 21.01% for UAA. The company reported revenue of $1.57 billion for the quarter, compared to $1.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.46 percent.
