Telsey Advisory Group lifts Under Armour Inc. [UAA] price estimate. Who else is bullish?

Under Armour Inc. [NYSE: UAA] loss -0.84% or -0.09 points to close at $10.66 with a heavy trading volume of 7146922 shares. The company report on December 21, 2022 that UNDER ARMOUR ANNOUNCES STEPHANIE LINNARTZ AS PRESIDENT AND CEO.

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— Under Armour, Inc. (NYSE: UA, UAA) today announced that Stephanie Linnartz will join the company as President, Chief Executive Officer, and member of its Board of Directors, effective February 27, 2023. Her appointment follows a thorough and deliberate search led by a committee of independent members of Under Armour’s Board of Directors.

Linnartz currently serves as the president of Marriott International, Inc. (NASDAQ: MAR), the world’s largest hospitality company, with a portfolio of nearly 8,200 properties across 138 countries and territories and 30 brands, including The Ritz-Carlton®, St. Regis®, Marriott Hotels®, W® Hotels, and Westin® as well as the industry’s most extensive customer-loyalty program, Marriott Bonvoy®, which has 173 million members.

It opened the trading session at $10.65, the shares rose to $10.94 and dropped to $10.44, the range by which the price of stock traded the whole day. The daily chart for UAA points out that the company has recorded 23.67% gains over the past six months. However, it is still -67.08% lower than its most recent low trading price.

If we look at the average trading volume of 8.70M shares, UAA reached to a volume of 7146922 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Under Armour Inc. [UAA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UAA shares is $10.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UAA stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for Under Armour Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on December 22, 2022. While these analysts kept the previous recommendation, Stifel dropped their target price from $9 to $12. The new note on the price target was released on December 12, 2022, representing the official price target for Under Armour Inc. stock. Previously, the target price had yet another raise to $8, while BofA Securities analysts kept a Neutral rating on UAA stock. On October 21, 2022, analysts decreased their price target for UAA shares from 12 to 8.

The Average True Range (ATR) for Under Armour Inc. is set at 0.46, with the Price to Sales ratio for UAA stock in the period of the last 12 months amounting to 0.76. The Price to Book ratio for the last quarter was 2.66, with the Price to Cash per share for the same quarter was set at 2.08.

Trading performance analysis for UAA stock

Under Armour Inc. [UAA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.92. With this latest performance, UAA shares gained by 13.04% in over the last four-week period, additionally plugging by 23.67% over the last 6 months – not to mention a drop of -48.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UAA stock in for the last two-week period is set at 60.14, with the RSI for the last a single of trading hit 61.59, and the three-weeks RSI is set at 59.30 for Under Armour Inc. [UAA]. The present Moving Average for the last 50 days of trading for this stock 9.39, while it was recorded at 10.50 for the last single week of trading, and 10.11 for the last 200 days.

Under Armour Inc. [UAA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Under Armour Inc. [UAA] shares currently have an operating margin of +9.62 and a Gross Margin at +50.58. Under Armour Inc.’s Net Margin is presently recorded at +6.33.

Return on Equity for this stock inclined to 19.13, with Return on Assets sitting at 7.19.

Under Armour Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 2.10.

Under Armour Inc. [UAA]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UAA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Under Armour Inc. go to 4.38%.

An analysis of insider ownership at Under Armour Inc. [UAA]

There are presently around $1,618 million, or 81.40% of UAA stock, in the hands of institutional investors. The top three institutional holders of UAA stocks are: BLACKROCK INC. with ownership of 16,901,026, which is approximately 3.122% of the company’s market cap and around 0.28% of the total institutional ownership; VANGUARD GROUP INC, holding 16,347,918 shares of the stock with an approximate value of $174.27 million in UAA stocks shares; and STATE STREET CORP, currently with $98.98 million in UAA stock with ownership of nearly 29.741% of the company’s market capitalization.

Positions in Under Armour Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 148 institutional holders increased their position in Under Armour Inc. [NYSE:UAA] by around 31,830,514 shares. Additionally, 202 investors decreased positions by around 37,941,584 shares, while 109 investors held positions by with 81,973,903 shares. The mentioned changes placed institutional holdings at 151,746,001 shares, according to the latest SEC report filing. UAA stock had 48 new institutional investments in for a total of 9,143,835 shares, while 74 institutional investors sold positions of 11,924,936 shares during the same period.


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