Under Armour Inc [UAA] stock Initiated by Truist analyst, price target now $8

Under Armour Inc [NYSE: UAA] traded at a high on 01/08/24, posting a 3.80 gain after which it closed the day’ session at $8.20. The company report on November 8, 2023 at 6:55 AM that UNDER ARMOUR REPORTS SECOND QUARTER FISCAL 2024 RESULTS; UPDATES FISCAL 2024 OUTLOOK.

Under Armour, Inc. (NYSE: UA, UAA) announced unaudited financial results for its second quarter fiscal 2024, which ended September 30, 2023. The company reports its financial performance following accounting principles generally accepted in the United States of America (“GAAP”). This press release refers to “currency neutral” amounts, which are non-GAAP financial measures described below under the “Non-GAAP Financial Information” paragraph.

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“Our second quarter results, particularly profitability, exceeded our expectations,” said Under Armour President and CEO Stephanie Linnartz. “Consequently, we are maintaining our fiscal 2024 operating income and EPS outlook even as we lower our revenue expectations primarily in response to challenges in North America during the back half of the year.”.

The results of the trading session contributed to over 6001543 shares changing hands. Over the past one week, the price volatility of Under Armour Inc stands at 3.24% while the volatility over the past one month is 3.39%.

The market cap for UAA stock reached $3.59 billion, with 188.70 million shares outstanding and 188.39 million shares in the current float. Compared to the average trading volume of 6.60M shares, UAA reached a trading volume of 6001543 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 $9.77 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 2.10. 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.

Truist have made an estimate for Under Armour Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 17, 2023.

The Average True Range (ATR) for Under Armour Inc is set at 0.31, with the Price to Sales ratio for UAA stock in the period of the last 12 months amounting to 0.62. The Price to Book ratio for the last quarter was 1.72, with the Price to Cash per share for the same quarter was set at 1.54.

How has UAA stock performed recently?

Under Armour Inc [UAA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.71. With this latest performance, UAA shares dropped by -2.15% in over the last four-week period, additionally plugging by 9.19% over the last 6 months – not to mention a drop of -20.70% 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 45.76, with the RSI for the last a single of trading hit 41.17, and the three-weeks RSI is set at 48.99 for Under Armour Inc [UAA]. The present Moving Average for the last 50 days of trading for this stock 8.02, while it was recorded at 8.18 for the last single week of trading, and 7.81 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 +4.08 and a Gross Margin at +44.39. Under Armour Inc’s Net Margin is presently recorded at +6.60.

Return on Total Capital for UAA is now 6.73, given the latest momentum, and Return on Invested Capital for the company is 11.32. Return on Equity for this stock inclined to 18.92, with Return on Assets sitting at 7.85. When it comes to the capital structure of this company, Under Armour Inc [UAA] has a Total Debt to Total Equity ratio set at 76.12. Additionally, UAA Total Debt to Total Capital is recorded at 43.22, with Total Debt to Total Assets ending up at 31.32. Long-Term Debt to Equity for the company is recorded at 69.06, with the Long-Term Debt to Total Capital now at 39.21.

Reflecting on the efficiency of the workforce at the company, Under Armour Inc [UAA] managed to generate an average of $25,785 per employee. Receivables Turnover for the company is 8.82 with a Total Asset Turnover recorded at a value of 1.19.Under Armour Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.35 and a Current Ratio set at 2.24.

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 8.55%.

Insider trade positions for Under Armour Inc [UAA]

The top three institutional holders of UAA stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in UAA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in UAA stock with ownership which is approximately 5.8325%.