Under Armour (NYSE:UAA) Reaches New 1-Year High – Here’s Why

Under Armour, Inc. (NYSE:UAA)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $9.50 and last traded at $9.46, with a volume of 11907104 shares changing hands. The stock had previously closed at $9.06.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UAA. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 target price on shares of Under Armour in a research report on Monday, August 5th. Truist Financial lifted their target price on shares of Under Armour from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Argus upgraded Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Barclays lifted their price objective on Under Armour from $6.00 to $8.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus increased their target price on Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.57.

Under Armour Trading Up 3.8 %

The business’s 50 day simple moving average is $8.05 and its 200-day simple moving average is $7.23. The stock has a market capitalization of $4.10 billion, a P/E ratio of 17.31, a PEG ratio of 4.07 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.73 and a quick ratio of 1.08.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS. As a group, analysts forecast that Under Armour, Inc. will post 0.21 EPS for the current year.

Institutional Trading of Under Armour

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its holdings in shares of Under Armour by 20.7% in the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after buying an additional 1,409 shares during the period. Privium Fund Management B.V. lifted its holdings in Under Armour by 0.8% during the first quarter. Privium Fund Management B.V. now owns 222,900 shares of the company’s stock worth $1,645,000 after acquiring an additional 1,700 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Under Armour by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock valued at $1,216,000 after acquiring an additional 1,746 shares during the period. Sei Investments Co. increased its holdings in shares of Under Armour by 10.2% in the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock worth $127,000 after acquiring an additional 1,764 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its position in shares of Under Armour by 101.1% during the first quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock worth $28,000 after purchasing an additional 1,890 shares during the period. 34.58% of the stock is owned by institutional investors.

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.