Under Armour, Inc. (NYSE:UA) Is Worth Evaluating At $19.05

During the recent session, Under Armour, Inc. (NYSE:UA)’s traded shares were 3,724,824, with the beta value of the company hitting 0. At the last check, the stock’s price was $19.05, reflecting an intraday gain of 1.22% or $0.23. The 52-week high for the UA share is $20.31, that puts it down -6.61% from that peak though still a striking +66.56% gain since the share price plummeted to a 52-week low of $6.37. The company’s market capitalization is $9.6 Billion, and the average intraday trading volume over the past 10 days was 5.38 Million shares, and the average trade volume was 4.1 Million shares over the past three months.

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Under Armour, Inc. (UA) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.5. UA has a Sell rating from 2 analyst(s) out of 31 analysts who have looked at this stock. 18 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 8 recommend a Buy rating for it. 3 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.04.

Under Armour, Inc. (NYSE:UA): Trading Information

Under Armour, Inc. (UA) registered a 1.22% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.19% in intraday trading to $19.26 this Tuesday, Apr 06, hitting a weekly high. The stock’s 5-day price performance is 3.09%, and it has moved by -0.42% in 30 days. Based on these gigs, the overall price performance for the year is 27.89%. The short interest in Under Armour, Inc. (NYSE:UA) is 29.41 Million shares and it means that shorts have 7.17 day(s) to cover.

The consensus price target of analysts on Wall Street is $22.35, which implies an increase of 17.32% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $30 respectively. As a result, UA is trading at a discount of 57.48% off the target high and -63.25% off the low.

Under Armour, Inc. (UA) projections and forecasts

Statistics show that Under Armour, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Under Armour, Inc. (UA) shares have gone up +77.71% during the last six months. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 111.8% this quarter and then jump 54.8% in the quarter after that. In the rating firms’ projections, revenue will increase 9.1% compared to the previous financial year.

Revenue for the current quarter is expected to be $1.12 Billion as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $990.7 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $930.24 Million and $707.64 Million respectively. In this case, analysts expect current quarter sales to grow by 20% and then jump by 40% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return 153.8% in 2021, the next five years will return 21.8% per annum.

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Under Armour, Inc. (NYSE:UA)’s Biggest Investors

Under Armour, Inc. insiders own 16.49% of total outstanding shares while institutional holders control 75.49%, with the float percentage being 90.39%. Wellington Management Group, LLP is the largest shareholder of the company, while 547 institutions own stock in it. As of Dec 30, 2020, the company held over 28.35 Million shares (or 12.22% of all shares), a total value of $421.89 Million in shares.

The next largest institutional holding, with 20.59 Million shares, is of Vanguard Group, Inc. (The)’s that is approximately 8.88% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $306.41 Million.

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Also, the Mutual Funds coming in first place with the largest holdings of Under Armour, Inc. (UA) shares are Hartford Mid Cap Fund and Vanguard Total Stock Market Index Fund. Data provided on Jan 30, 2021 indicates that Hartford Mid Cap Fund owns about 7,003,182 shares. This amounts to just over 3.02 percent of the company’s overall shares, with a $104.84 Million market value. The same data shows that the other fund manager holds slightly less at 5.81 Million, or about 2.51% of the stock, which is worth about $86.51 Million.

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