Truist Financial Cuts Under Armour (NYSE:UAA) Price Target to $7.00

Under Armour (NYSE:UAA) had its price objective reduced by Truist Financial from $9.00 to $7.00 in a report published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Several other equities analysts have also weighed in on UAA. UBS Group raised their target price on Under Armour from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Robert W. Baird increased their price objective on Under Armour from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 target price on shares of Under Armour in a report on Tuesday. Evercore ISI lowered their price target on Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Monday, February 10th. Finally, Wells Fargo & Company lifted their price target on shares of Under Armour from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued 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 $7.24.

Under Armour Stock Performance

NYSE:UAA opened at $6.27 on Wednesday. The company has a market capitalization of $2.70 billion, a P/E ratio of -21.62 and a beta of 1.54. The stock’s 50 day moving average price is $6.03 and its 200 day moving average price is $7.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. Under Armour has a 52 week low of $4.78 and a 52 week high of $11.89.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. On average, research analysts forecast that Under Armour will post 0.3 EPS for the current fiscal year.

Institutional Trading of Under Armour

Institutional investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company’s stock valued at $234,473,000 after buying an additional 18,658,128 shares in the last quarter. Vanguard Group Inc. raised its position in Under Armour by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after purchasing an additional 263,988 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in Under Armour by 55.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after purchasing an additional 3,503,006 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Under Armour by 17.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,494,339 shares of the company’s stock worth $40,590,000 after purchasing an additional 965,404 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Under Armour by 36.2% during the first quarter. American Century Companies Inc. now owns 5,465,814 shares of the company’s stock valued at $34,161,000 after purchasing an additional 1,452,143 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.