Under Armour (NYSE:UAA) Upgraded by Zacks Research to “Strong-Buy” Rating

Under Armour (NYSE:UAA) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Barclays set a $8.00 price objective on shares of Under Armour and gave the company an “equal weight” rating in a report on Monday, February 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Under Armour in a report on Monday, December 29th. Citigroup lowered shares of Under Armour from a “neutral” rating to a “sell” rating and set a $6.20 price objective for the company. in a report on Tuesday, February 10th. Robert W. Baird set a $8.00 price objective on shares of Under Armour in a report on Monday, February 9th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $7.00 price objective (up from $5.50) on shares of Under Armour in a report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and an average target price of $6.91.

Under Armour Price Performance

Under Armour stock opened at $6.31 on Monday. Under Armour has a 52-week low of $4.13 and a 52-week high of $8.15. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -5.17, a PEG ratio of 2.39 and a beta of 1.81. The company has a fifty day simple moving average of $6.64 and a 200-day simple moving average of $5.55. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.27.

Under Armour (NYSE:UAA) last released its earnings results on Friday, February 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.11. Under Armour had a negative net margin of 10.44% and a positive return on equity of 1.48%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. Under Armour has set its FY 2026 guidance at 0.100-0.110 EPS. On average, equities analysts anticipate that Under Armour will post 0.3 EPS for the current fiscal year.

Insider Activity

In other Under Armour news, major shareholder V Prem Et Al Watsa purchased 1,112,119 shares of Under Armour stock in a transaction dated Wednesday, January 28th. The shares were acquired at an average price of $6.21 per share, with a total value of $6,906,258.99. Following the completion of the transaction, the insider owned 43,000,872 shares of the company’s stock, valued at $267,035,415.12. This trade represents a 2.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought a total of 13,583,722 shares of company stock worth $80,555,375 over the last 90 days. 15.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Under Armour

Hedge funds have recently made changes to their positions in the business. Uhlmann Price Securities LLC acquired a new stake in shares of Under Armour during the third quarter worth about $46,000. Blair William & Co. IL lifted its position in shares of Under Armour by 40.0% during the fourth quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock worth $26,000 after purchasing an additional 1,476 shares in the last quarter. State of Wyoming acquired a new stake in shares of Under Armour during the second quarter worth about $44,000. Hantz Financial Services Inc. lifted its position in shares of Under Armour by 202.7% during the fourth quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock worth $42,000 after purchasing an additional 5,662 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Under Armour during the third quarter worth about $50,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.

Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.