Evercore ISI Cuts Under Armour (NYSE:UAA) Price Target to $4.00

Under Armour (NYSE:UAA) had its price target cut by Evercore ISI from $5.00 to $4.00 in a research report released on Friday,Benzinga reports. They currently have an underperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Cfra Research upgraded Under Armour from a “moderate sell” rating to a “hold” rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Rothschild & Co Redburn restated a “neutral” rating and issued a $6.00 price objective (down from $7.00) on shares of Under Armour in a report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Under Armour in a research note on Wednesday, October 8th. Finally, Rothschild Redb cut shares of Under Armour from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Three research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $6.58.

Under Armour Trading Down 3.3%

Shares of Under Armour stock opened at $4.51 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. Under Armour has a 1 year low of $4.35 and a 1 year high of $10.53. The firm has a market cap of $1.93 billion, a PE ratio of 20.66, a PEG ratio of 3.85 and a beta of 1.86. The company has a 50 day simple moving average of $4.86 and a two-hundred day simple moving average of $5.83.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the company posted $0.39 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. Under Armour has set its Q3 2026 guidance at 0.030-0.050 EPS. Analysts expect that Under Armour will post 0.3 earnings per share for the current fiscal year.

Insider Transactions at Under Armour

In other Under Armour news, Director Dawn N. Fitzpatrick acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average price of $4.93 per share, with a total value of $493,000.00. Following the completion of the purchase, the director directly owned 133,696 shares of the company’s stock, valued at approximately $659,121.28. The trade was a 296.77% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert John Sweeney bought 100,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was bought at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the completion of the purchase, the director owned 133,696 shares of the company’s stock, valued at approximately $652,436.48. The trade was a 296.77% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 202,045 shares of company stock worth $991,000 over the last ninety days. Insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

A number of institutional investors and hedge funds have recently modified their holdings of the company. Boston Partners bought a new position in Under Armour in the 1st quarter worth $17,745,000. Jupiter Asset Management Ltd. increased its holdings in Under Armour by 249.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,379,513 shares of the company’s stock worth $16,252,000 after acquiring an additional 1,698,467 shares in the last quarter. Marshall Wace LLP raised its stake in Under Armour by 109.3% during the 2nd quarter. Marshall Wace LLP now owns 2,944,567 shares of the company’s stock worth $20,111,000 after acquiring an additional 1,537,713 shares during the period. American Century Companies Inc. boosted its position in shares of Under Armour by 36.2% in the first quarter. American Century Companies Inc. now owns 5,465,814 shares of the company’s stock worth $34,161,000 after purchasing an additional 1,452,143 shares during the period. Finally, Norges Bank purchased a new stake in shares of Under Armour in the second quarter worth $9,918,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

About Under Armour

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.