The Vanguard Group, Inc. recently announced the acquisition of new stake in Under Armour Inc. (NYSE:UAA). The institutional investor has increased its shareholding in the Consumer Cyclical company by 2.04% to 16.09 million shares with purchase of 0.32 million shares. This fresh investment now brings its stake to 8.53% valued currently at $163.44 million. In addition, SSgA Funds Management, Inc. raised its holdings by 2.13 million to 9.28 million shares. And Balyasny Asset Management LP has lifted its position by 36.38% or 1.11 million shares – to 4.16 million shares.
With over 10.06 million Under Armour Inc. (UAA) shares trading Monday and a closing price of $12.23 on the day, the dollar volume was approximately $123.0 million. The shares have shown a positive half year performance of 31.08% and its price on 02/06/23 lost nearly -3.40%. Currently, there are 454.32M common shares owned by the public and among those 381.36M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 29 analysts who have offered their price forecasts for UAA have a consensus price objective of $12.02. The analysts have set the share’s price value over the next 12 months at a high of $16.00 and a low of $8.00. The average price target is -2.51% below its recent price level and a downside to the estimated low will see the stock lose -52.88% over that period. But an upside of 23.56% will see the stock hit the forecast high price target while median target price for the stock is $12.45.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Under Armour Inc. are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. iShares Core S&P Mid Cap ETF owns 5.82 million shares of the company’s stock, all valued at over $59.15 million. The company sold 1109.0 shares recently to bring their total holdings to about 3.09% of the shares outstanding. Vanguard Small Cap Index Fund sold 66907.0 shares to bring its total holdings to over 4.85 million shares at a value of $49.25 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.57% of the shares outstanding.
Shares of Under Armour Inc. (NYSE: UAA) opened at $12.52, down -$0.14 from a prior closing price of $12.66. However, the script later moved the day high at 12.60, down -3.40%. The company’s stock has a 5-day price change of 0.82% and 53.84% over the past three months. UAA shares are trading 20.37% year to date (YTD), with the 12-month market performance down to -36.24% lower. It has a 12-month low price of $6.38 and touched a high of $20.65 over the same period. UAA has an average intraday trading volume of 7.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.12%, 15.04%, and 26.33% respectively.
Institutional ownership of Under Armour Inc. (NYSE: UAA) shares accounts for 81.40% of the company’s 454.32M shares outstanding. Mutual fund holders own 36.71%, while other institutional holders and individual stakeholders account for 43.64% and 24.59% respectively.
It has a market capitalization of $5.23B and a beta (3y monthly) value of 1.59. The stock’s trailing 12-month PE ratio is 39.97, while the earnings-per-share (ttm) stands at $0.31. The company has a PEG of 13.02 and a Quick Ratio of 1.40 with the debt-to-equity ratio at 0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.78% over the week and 3.79% over the month.
Analysts forecast that Under Armour Inc. (UAA) will achieve an EPS of $0.16 for the current quarter, $0.14 for the next quarter and $0.67 for 2024. The lowest estimate earnings-per-share for the quarter is $0.12 while analysts give the company a high EPS estimate of $0.21. Comparatively, EPS for the current quarter was $0.31 a year ago. Earnings per share for the fiscal year are expected to decrease by -116.50%, and 40.48% over the next financial year. EPS should grow at an annualized rate of 3.07% over the next five years, compared to -42.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 29 brokerage firm advisors rate Under Armour Inc. (UAA) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 15 of the 29 advise that investors “hold,” and 0 rated it as a “Sell.”
Telsey Advisory Group coverage for the Under Armour Inc. (UAA) stock in a research note released on December 22, 2022 offered a Market Perform rating with a price target of $11. Stifel was of a view on December 12, 2022 that the stock is Buy, while BofA Securities gave the stock Neutral rating on November 01, 2022, issuing a price target of $8. Telsey Advisory Group on their part issued Market Perform rating on October 21, 2022.
