Under Armour (NYSE:UAA) PT Lowered to $6.00 at Barclays

Under Armour (NYSE:UAAFree Report) had its price target decreased by Barclays from $9.00 to $6.00 in a research note published on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Citigroup decreased their target price on shares of Under Armour from $8.00 to $7.00 and set a neutral rating for the company in a research note on Tuesday, May 7th. Evercore ISI decreased their target price on shares of Under Armour from $7.00 to $6.00 and set an underperform rating for the company in a research note on Friday, May 17th. Wells Fargo & Company decreased their target price on shares of Under Armour from $7.00 to $6.00 and set an equal weight rating for the company in a research note on Friday, May 17th. BMO Capital Markets reduced their price objective on shares of Under Armour from $12.00 to $10.00 and set an outperform rating for the company in a research report on Friday, May 17th. Finally, Truist Financial reduced their price objective on shares of Under Armour from $8.00 to $7.00 and set a hold rating for the company in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $7.32.

Get Our Latest Stock Analysis on Under Armour

Under Armour Stock Performance

Shares of UAA stock opened at $6.95 on Monday. Under Armour has a 1 year low of $6.18 and a 1 year high of $9.50. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 2.91 and a beta of 1.63. The stock’s 50-day moving average is $6.88 and its two-hundred day moving average is $7.71. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.46.

Under Armour (NYSE:UAAGet Free Report) last announced its earnings results on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts predict that Under Armour will post 0.23 earnings per share for the current year.

Under Armour declared that its Board of Directors has initiated a share buyback plan on Thursday, May 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 16.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Under Armour by 65.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,943,745 shares of the company’s stock worth $27,015,000 after purchasing an additional 1,555,856 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Under Armour by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 18,196,402 shares of the company’s stock worth $124,645,000 after purchasing an additional 1,269,037 shares in the last quarter. OPTIMAS CAPITAL Ltd purchased a new position in shares of Under Armour during the 4th quarter worth approximately $3,158,000. Trexquant Investment LP increased its stake in shares of Under Armour by 289.9% during the 3rd quarter. Trexquant Investment LP now owns 1,229,130 shares of the company’s stock worth $8,420,000 after purchasing an additional 913,876 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Under Armour during the 4th quarter worth approximately $1,901,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

About Under Armour

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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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