Under Armour (NYSE:UAA) Issues Quarterly Earnings Results

Under Armour (NYSE:UAA) released its earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.11, reports. Under Armour had a positive return on equity of 13.10% and a negative net margin of 0.27%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. Under Armour updated its FY25 guidance to $0.24-0.27 EPS.

Under Armour Stock Performance

Shares of UAA stock opened at $9.68 on Friday. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $8.47 and its two-hundred day moving average is $7.52.

Institutional Trading of Under Armour

Several large investors have recently modified their holdings of UAA. Allspring Global Investments Holdings LLC acquired a new position in Under Armour during the 3rd quarter worth $56,000. Optas LLC acquired a new position in shares of Under Armour during the 2nd quarter worth about $72,000. CWM LLC boosted its stake in Under Armour by 20.7% during the 3rd quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares during the period. Koss Olinger Consulting LLC bought a new stake in Under Armour during the 2nd quarter valued at approximately $79,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Under Armour in the 2nd quarter valued at approximately $80,000. 34.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UAA. Wells Fargo & Company upped their target price on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday. Truist Financial upped their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday. UBS Group lifted their target price on shares of Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Friday. Wedbush boosted their price target on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, BMO Capital Markets increased their price objective on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and a consensus target price of $8.78.

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.