BNP Paribas Reaffirms Neutral Rating for Under Armour (NYSE:UAA)

BNP Paribas reiterated their neutral rating on shares of Under Armour (NYSE:UAAFree Report) in a research report report published on Thursday morning, MarketBeat Ratings reports.

UAA has been the topic of a number of other research reports. TheStreet upgraded Under Armour from a d+ rating to a c- rating in a research note on Thursday, February 8th. Telsey Advisory Group restated a market perform rating and issued a $9.00 price target on shares of Under Armour in a research note on Monday, February 5th. Finally, Truist Financial began coverage on Under Armour in a research note on Friday, November 17th. They issued a hold rating and a $8.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Under Armour currently has a consensus rating of Hold and a consensus price target of $9.35.

View Our Latest Stock Analysis on Under Armour

Under Armour Trading Down 1.1 %

Shares of Under Armour stock opened at $7.15 on Thursday. Under Armour has a 12-month low of $6.29 and a 12-month high of $9.59. The stock has a market cap of $3.11 billion, a P/E ratio of 7.94, a P/E/G ratio of 1.57 and a beta of 1.67. The company has a quick ratio of 1.38, a current ratio of 2.13 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $8.07 and its 200-day moving average is $7.77.

Under Armour (NYSE:UAAGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. Under Armour had a return on equity of 13.85% and a net margin of 6.98%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue was down 6.1% compared to the same quarter last year. Equities research analysts predict that Under Armour will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Under Armour

A number of hedge funds have recently added to or reduced their stakes in UAA. Vanguard Group Inc. increased its holdings in shares of Under Armour by 5.1% during the first quarter. Vanguard Group Inc. now owns 20,911,825 shares of the company’s stock valued at $355,918,000 after acquiring an additional 1,017,211 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Under Armour by 3.1% during the third quarter. BlackRock Inc. now owns 16,901,026 shares of the company’s stock valued at $112,390,000 after acquiring an additional 511,664 shares in the last quarter. State Street Corp increased its holdings in shares of Under Armour by 18.9% during the second quarter. State Street Corp now owns 10,622,401 shares of the company’s stock valued at $76,694,000 after acquiring an additional 1,691,535 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Under Armour by 29.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,154,871 shares of the company’s stock worth $62,893,000 after buying an additional 1,636,634 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its holdings in Under Armour by 36.4% during the third quarter. Balyasny Asset Management LLC now owns 4,158,618 shares of the company’s stock worth $27,655,000 after buying an additional 1,109,408 shares in the last quarter. 38.45% of the stock is currently owned by institutional investors.

Under Armour Company Profile

(Get Free Report)

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.

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Analyst Recommendations for Under Armour (NYSE:UAA)

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