Telsey Advisory Group Equities Analysts Decrease Earnings Estimates for Under Armour, Inc. (NYSE:UAA)

Posted by MarketBeat News on Aug 6th, 2022

Under Armour, Inc. (NYSE:UAA – Get Rating) – Equities researchers at Telsey Advisory Group reduced their Q2 2023 earnings estimates for Under Armour in a research report issued on Thursday, August 4th. Telsey Advisory Group analyst J. Feldman now expects that the company will earn $0.16 per share for the quarter, down from their previous estimate of $0.21. Telsey Advisory Group has a “Outperform” rating and a $12.00 price target on the stock. The consensus estimate for Under Armour’s current full-year earnings is $0.50 per share. Telsey Advisory Group also issued estimates for Under Armour’s FY2023 earnings at $0.50 EPS, Q1 2024 earnings at $0.07 EPS, Q2 2024 earnings at $0.25 EPS, Q3 2024 earnings at $0.19 EPS, Q4 2024 earnings at $0.09 EPS and FY2024 earnings at $0.60 EPS.

Under Armour (NYSE:UAA – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Under Armour had a return on equity of 11.61% and a net margin of 2.99%. During the same quarter last year, the business posted $0.24 EPS.

Several other research firms have also issued reports on UAA. Morgan Stanley dropped their price objective on shares of Under Armour from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday. Williams Trading lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Friday. Cowen lowered shares of Under Armour from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from $13.00 to $10.00 in a research report on Tuesday, June 21st. B. Riley set a $9.00 price objective on shares of Under Armour in a research report on Tuesday, July 19th. Finally, Piper Sandler reissued a “neutral” rating and issued a $10.00 price objective on shares of Under Armour in a research report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.54.

Under Armour Stock Performance

Shares of UAA stock opened at $9.33 on Friday. Under Armour has a one year low of $8.10 and a one year high of $27.28. The company has a 50 day moving average price of $9.26 and a 200 day moving average price of $13.54. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 25.92 and a beta of 1.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.74 and a current ratio of 2.06.

Insider Activity

In related news, Director David W. Gibbs purchased 25,000 shares of the company’s stock in a transaction on Friday, May 27th. The shares were bought at an average price of $9.39 per share, with a total value of $234,750.00. Following the completion of the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $234,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently modified their holdings of the stock. Washington Trust Advisors Inc. raised its holdings in Under Armour by 102.5% during the 1st quarter. Washington Trust Advisors Inc. now owns 1,472 shares of the company’s stock worth $25,000 after buying an additional 745 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Under Armour by 52.4% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,735 shares of the company’s stock worth $31,000 after acquiring an additional 1,285 shares in the last quarter. CWM LLC acquired a new stake in shares of Under Armour during the fourth quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Under Armour by 48.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,142 shares of the company’s stock valued at $35,000 after acquiring an additional 1,353 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Under Armour by 44.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,753 shares of the company’s stock worth $37,000 after purchasing an additional 537 shares during the period. 38.72% of the stock is owned by hedge funds and other institutional investors.

Under Armour Company Profile

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Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.