Those With A Risk-Tolerant Portfolio Can Expect A Bright Future From Under Armour Inc. (NYSE: UA) – Marketing Sentinel
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Those With A Risk-Tolerant Portfolio Can Expect A Bright Future From Under Armour Inc. (NYSE: UA)

During the recent session, Under Armour Inc. (NYSE:UA)’s traded shares were 1.72 million. At the last check today, the stock’s price was $10.20, reflecting an intraday gain of 5.31% or $0.51. The 52-week high for the UA share is $23.00, that puts it down -125.49 from that peak though still a striking 11.08% gain since the share price plummeted to a 52-week low of $9.07. The company’s market capitalization is $4.38B, and the average intraday trading volume over the past 10 days was 6.78 million shares, and the average trade volume was 4.19 million shares over the past three months.

Under Armour Inc. (NYSE:UA) trade information

Under Armour Inc. (UA) registered a 5.31% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.31% in intraday trading to $10.20 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -27.09%, and it has moved by -33.95% in 30 days. Based on these gigs, the overall price performance for the year is -47.28%. The short interest in Under Armour Inc. (NYSE:UA) is 7.84 million shares and it means that shorts have 2.83 day(s) to cover.

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Under Armour Inc. (UA) estimates and forecasts

In the rating firms’ projections, revenue will increase 23.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $1.48 billion as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $1.4 billion by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.43 billion and $1.4 billion respectively. In this case, analysts expect current quarter sales to grow by 3.00% and then drop by 0.00% in the coming quarter.

While earnings are projected to return 338.50% in 2022, the next five years will return 21.80% per annum.

UA Dividends

Under Armour Inc. is due to release its next quarterly earnings between April 25 and April 30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Under Armour Inc. (NYSE:UA)’s Major holders

Under Armour Inc. insiders own 15.23% of total outstanding shares while institutional holders control 72.07%, with the float percentage being 85.02%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 551 institutions own stock in it. As of Dec 30, 2021, the company held over 23.66 million shares (or 9.35% of all shares), a total value of $426.88 million in shares.

The next largest institutional holding, with 21.1 million shares, is of Wellington Management Group, LLP’s that is approximately 8.34% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $380.61 million.

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 Explorer Fund, Inc. Data provided on Oct 30, 2021 indicates that Hartford Mid Cap Fund owns about 6.71 million shares. This amounts to just over 2.65 percent of the company’s overall shares, with a $126.59 million market value. The same data shows that the other fund manager holds slightly less at 6.36 million, or about 2.51% of the stock, which is worth about $119.98 million.

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