Under Armour Inc. (NYSE: UAA) stock fell -0.70% on Thursday to $7.05 against a previous-day closing price of $7.10. With 6.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.3 million shares. During the session, the Apparel Manufacturing company that operates in wider Consumer Cyclical sector, reached to the highest price of $7.19 whereas the lowest price it dropped to was $6.97. The 52-week range on UAA shows that it touched its highest point at $13.05 and its lowest point at $6.38 during that stretch. It currently has a 1-year price target of $10.62. Beta for the stock currently stands at 1.62.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UAA was down-trending over the past week, with a drop of -7.48%, but this was down by -19.06% over a month. Three-month performance dropped to -27.47% while six-month performance fell -25.48%. The stock lost -22.61% in the past year, while it has lost -30.61% so far this year. A look at the trailing 12-month EPS for UAA yields 0.34 with Next year EPS estimates of 0.64. For the next quarter, that number is -0.02. This implies an EPS growth rate of -116.50% for this year and 29.03% for next year. EPS is expected to grow by 2.63% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -42.60%.
Float and Shares Shorts:
At present, 448.83 million UAA shares are outstanding with a float of 381.36 million shares on hand for trading. On Apr 27, 2023, short shares totaled 16.83 million, which was 3.79% higher than short shares on Mar 30, 2023. In addition to Mr. Kevin A. Plank as the firm’s Founder, Exec. Chairman & Brand Chief, Mr. David E. Bergman serves as its Chief Financial Officer.
Through their ownership of 84.50% of UAA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.55% of UAA, in contrast to 31.96% held by mutual funds. Shares owned by individuals account for 24.59%. As the largest shareholder in UAA with 9.07% of the stake, The Vanguard Group, Inc. holds 17,125,639 shares worth 17,125,639. A second-largest stockholder of UAA, BlackRock Fund Advisors, holds 14,936,397 shares, controlling over 7.92% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in UAA, holding 8,930,866 shares or 4.73% stake. With a 3.12% stake in UAA, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 5,888,619 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.00% of UAA stock, is the second-largest Mutual Fund holder. It holds 5,656,721 shares valued at 50.18 million. Vanguard Small Cap Index Fund holds 2.56% of the stake in UAA, owning 4,839,149 shares worth 42.92 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, UAA reported revenue of $1.35B and operating income of $34.48M. Over the past year, revenue came in at $5.73B while operating income stood at $333.44M. It generated $7.68M net income for the quarter, which came to $222.70M over the last twelve months. The EBITDA in the recently reported quarter was $68.80M and diluted EPS was $0.02. EBITDA for the full year was $654.19M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UAA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With UAA analysts setting a high price target of $15.00 and a low target of $8.00, the average target price over the next 12 months is $10.39. Based on these targets, UAA could surge 112.77% to reach the target high and rise by 13.48% to reach the target low. Reaching the average price target will result in a growth of 47.38% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded UAA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.