In the last trading session, 3.4 million Under Armour Inc. (NYSE:UA) shares changed hands as the company’s beta touched 1.64. With the company’s per share price at $6.51 changed hands at -$0.2 or -2.98% during last session, the market valuation stood at $3.03B. UA’s last price was a discount, traded about -75.27% off its 52-week high of $11.41. The share price had its 52-week low at $5.74, which suggests the last value was 11.83% up since then. When we look at Under Armour Inc.’s average trading volume, we note the 10-day average is 3.56 million shares, with the 3-month average coming to 3.14 million.
Analysts gave the Under Armour Inc. (UA) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 27 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 13 recommended UA as a Hold, 13 felt it is a Buy and 1 rated the stock as Underweight. Under Armour Inc.’s EPS for the current quarter is expected to be $0.21.
Under Armour Inc. (NYSE:UA) trade information
Instantly UA was in red as seen at the end of in last trading. With action -0.31%, the performance over the past five days has been red. The drop to weekly highs of 6.85 on Monday, 09/18/23 subtracted -2.98% to the stock’s daily price. The company’s shares are showing year-to-date downside of -27.02%, with the 5-day performance at -0.31% in the red. However, in the 30-day time frame, Under Armour Inc. (NYSE:UA) is -7.66% down. Looking at the short shares, we see there were 10.56 million shares sold at short interest cover period of 2.99 days.
The consensus price target for the stock as assigned by Wall Street analysts is $10.10, meaning bulls need an upside of 35.54% from its current market value. According to analyst projections, UA’s forecast low is $7.00 with $15.00 as the target high. To hit the forecast high, the stock’s price needs a -130.41% plunge from its current level, while the stock would need to soar -7.53% for it to hit the projected low.
Under Armour Inc. (UA) estimates and forecasts
Year-over-year growth is forecast to reach 1.00% up from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of $1.57 billion. 14 analysts are of the opinion that Under Armour Inc.’s revenue for the quarter ending Dec 2023 will be $1.61 billion. The company’s revenue for the corresponding quarters a year ago was $1.57 billion and $1.58 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.40%. The estimates for the next quarter sales put growth at 1.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -9.18%. The 2023 estimates are for Under Armour Inc. earnings to decrease by -13.80%, but the outlook for the next 5-year period is at 21.80% per year.
Under Armour Inc. is expected to release its next quarterly earnings report between April 25 and April 30.
Under Armour Inc. (NYSE:UA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.27% of Under Armour Inc. shares while 65.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.10%. There are 65.43% institutions holding the Under Armour Inc. stock share, with BDT Capital Partners, LLC the top institutional holder. As of Jun 29, 2023, the company held 14.97% of the shares, roughly 33.27 million UA shares worth $223.22 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 8.59% or 19.09 million shares worth $128.12 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. With 6.1 million shares estimated at $42.01 million under it, the former controlled 2.74% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.44% of the shares, roughly 5.43 million shares worth around $36.43 million.