KGI Securities Launches Neutral Coverage on Under Armour with Growth Prospects

Fintel reports that on March 7, 2025, KGI Securities initiated coverage of Under Armour (LSE:0R2I) with a Neutral recommendation.

Analyst Price Forecast Indicates Potential for Substantial Upside

As of March 4, 2025, the average one-year price target for Under Armour stands at 9.90 GBX/share. Forecasts indicate a range between a low of 4.02 GBX to a high of 15.68 GBX. This target reflects a potential increase of 42.57% from its latest reported closing price of 6.94 GBX/share.

See our leaderboard of companies with the largest price target upside.

Projected Revenue and Earnings Growth

The anticipated annual revenue for Under Armour is 6,483MM, indicating a 21.95% increase. Moreover, the projected annual non-GAAP EPS is estimated at 0.74.

Insights into Fund Sentiment

Currently, 683 funds or institutions are reporting positions in Under Armour, reflecting an increase of 12 owners, or 1.79%, in the last quarter. The average portfolio weight of all funds with a stake in 0R2I is 0.06%, which is up by 100.53%. Over the last three months, total shares owned by institutions rose by 3.41% to 219,047K shares.

Actions of Key Shareholders

FBGRX – Fidelity Blue Chip Growth Fund holds 12,290K shares, amounting to a 6.51% ownership in the company. The firm reported an increase from its previous holding of 945K shares, marking a rise of 92.31%. Additionally, its portfolio allocation in 0R2I surged by 352.55% over the last quarter.

Alyeska Investment Group now holds 9,790K shares, representing 5.18% ownership, an increase from its prior holding of 6,287K shares, reflecting a growth of 35.78%. This firm’s portfolio allocation in 0R2I increased by 6.50% in the last quarter.

FIL maintains 7,350K shares, which translates to 3.89% ownership, with no changes in the last quarter. Fairfax Financial Holdings holds 6,312K shares, representing 3.34% ownership, also unchanged from the previous quarter.

The IJH – iShares Core S&P Mid-Cap ETF holds 6,139K shares, accounting for 3.25% ownership. This reflects a modest increase from the prior holding of 5,895K shares, representing a 3.97% rise, although the firm has decreased its portfolio allocation in 0R2I by 7.07% over the previous quarter.

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