Under Armour Inc. [UAA] is 17.22% higher this YTD. Is it still time to buy?

Under Armour Inc. [NYSE: UAA] jumped around 0.42 points on Tuesday, while shares priced at $11.91 at the close of the session, up 3.66%. 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.

Under Armour Inc. stock is now 17.22% up from its year-to-date (YTD) trading value. UAA Stock saw the intraday high of $12.105 and lowest of $11.52 per share. The company’s 52-week high price is 20.65, which means current price is +18.04% above from all time high which was touched on 01/17/23.

Compared to the average trading volume of 8.61M shares, UAA reached a trading volume of 9556745 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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.

Exane BNP Paribas have made an estimate for Under Armour Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 17, 2023. While these analysts kept the previous recommendation, Telsey Advisory Group dropped their target price from $9 to $11. The new note on the price target was released on December 22, 2022, representing the official price target for Under Armour Inc. stock. Previously, the target price had yet another raise from $9 to $12, while Stifel kept a Buy rating on UAA stock.

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 0.86. The Price to Book ratio for the last quarter was 2.98, with the Price to Cash per share for the same quarter was set at 2.06.

How has UAA stock performed recently?

Under Armour Inc. [UAA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.73. With this latest performance, UAA shares gained by 13.75% in over the last four-week period, additionally plugging by 44.36% over the last 6 months – not to mention a drop of -38.29% 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 71.92, with the RSI for the last a single of trading hit 78.16, and the three-weeks RSI is set at 68.04 for Under Armour Inc. [UAA]. The present Moving Average for the last 50 days of trading for this stock 9.78, while it was recorded at 11.29 for the last single week of trading, and 9.96 for the last 200 days.

Under Armour Inc. [UAA]: Deeper insight into the fundamentals

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.

Earnings analysis for Under Armour Inc. [UAA]

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%.

Insider trade positions for Under Armour Inc. [UAA]

There are presently around $1,805 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 $194.7 million in UAA stocks shares; and STATE STREET CORP, currently with $110.58 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 146 institutional holders increased their position in Under Armour Inc. [NYSE:UAA] by around 31,718,695 shares. Additionally, 201 investors decreased positions by around 37,205,252 shares, while 111 investors held positions by with 82,610,783 shares. The mentioned changes placed institutional holdings at 151,534,730 shares, according to the latest SEC report filing. UAA stock had 47 new institutional investments in for a total of 9,032,489 shares, while 74 institutional investors sold positions of 12,122,055 shares during the same period.

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