Under Armour (NYSE:UAA) Price Target Cut to $4.00 by Analysts at Evercore ISI

Under Armour (NYSE:UAA) had its price target lowered by Evercore ISI from $5.00 to $4.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an underperform rating on the stock.

UAA has been the topic of several other reports. Wall Street Zen upgraded Under Armour from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Rothschild Redb lowered shares of Under Armour from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Robert W. Baird lowered their target price on shares of Under Armour from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, August 11th. Bank of America cut their target price on shares of Under Armour from $8.00 to $6.50 and set a “neutral” rating for the company in a research note on Monday, August 11th. Finally, Citigroup decreased their price target on shares of Under Armour from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $6.58.

Under Armour Price Performance

NYSE:UAA traded up $0.12 during trading hours on Friday, hitting $4.67. 15,486,144 shares of the stock traded hands, compared to its average volume of 12,711,639. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 3.85 and a beta of 1.86. Under Armour has a 1 year low of $4.35 and a 1 year high of $11.08. The stock has a 50 day moving average price of $4.86 and a 200 day moving average price of $5.83. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Under Armour has set its Q3 2026 guidance at 0.030-0.050 EPS. Sell-side analysts forecast that Under Armour will post 0.3 EPS for the current fiscal year.

Insider Transactions at Under Armour

In other Under Armour news, Director Robert John Sweeney bought 100,000 shares of Under Armour stock in a transaction dated Thursday, August 21st. The shares were purchased at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director directly owned 133,696 shares in the company, valued at approximately $652,436.48. This represents a 296.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dawn N. Fitzpatrick purchased 100,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average cost of $4.93 per share, with a total value of $493,000.00. Following the acquisition, the director owned 133,696 shares in the company, valued at $659,121.28. The trade was a 296.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 202,045 shares of company stock worth $991,000. Insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

Large investors have recently modified their holdings of the stock. Boston Partners purchased a new stake in Under Armour during the 1st quarter valued at $17,745,000. Jupiter Asset Management Ltd. grew its position 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 valued at $16,252,000 after acquiring an additional 1,698,467 shares during the last quarter. Marshall Wace LLP increased its stake in Under Armour by 109.3% in the second quarter. Marshall Wace LLP now owns 2,944,567 shares of the company’s stock worth $20,111,000 after purchasing an additional 1,537,713 shares during the period. American Century Companies Inc. increased its stake in 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 bought a new stake in shares of Under Armour during the second quarter worth $9,918,000. Institutional investors own 34.58% of the company’s stock.

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.