Under Armour (NYSE:UAA) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Under Armour, Inc. (NYSE:UAA) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $4.87 and traded as high as $5.03. Under Armour shares last traded at $5.0050, with a volume of 7,281,631 shares changing hands.

Analyst Ratings Changes

UAA has been the subject of a number of recent analyst reports. Barclays downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a report on Tuesday, August 11th. UBS Group reissued a “buy” rating and issued a $8.00 price objective (down from $9.00) on shares of Under Armour in a research note on Wednesday. Morgan Stanley set a $4.00 price objective on shares of Under Armour and gave the company an “equal weight” rating in a research report on Thursday, September 10th. Truist Financial boosted their price objective on shares of Under Armour from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Under Armour currently has an average rating of “Reduce” and a consensus target price of $5.69.

Under Armour Price Performance

The business’s fifty day moving average price is $4.87 and its 200 day moving average price is $5.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 0.96. The stock has a market cap of $2.14 billion, a P/E ratio of -4.33, a PEG ratio of 1.89 and a beta of 1.62.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Under Armour had a negative net margin of 9.99% and a positive return on equity of 4.04%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm posted $0.02 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030–0.010 EPS. Sell-side analysts forecast that Under Armour, Inc. will post 0.10 EPS for the current fiscal year.

Insider Transactions at Under Armour

In other Under Armour news, CFO Reza Taleghani acquired 18,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $5.37 per share, for a total transaction of $100,182.72. Following the acquisition, the chief financial officer directly owned 87,621 shares in the company, valued at $470,524.77. This represents a 27.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 15.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Under Armour

Several institutional investors and hedge funds have recently added to or reduced their stakes in UAA. Vontobel Holding Ltd. boosted its holdings in Under Armour by 446.9% in the third quarter. Vontobel Holding Ltd. now owns 839,441 shares of the company’s stock valued at $3,744,000 after acquiring an additional 685,949 shares during the last quarter. Bleakley Financial Group LLC increased its position in Under Armour by 99.7% during the 1st quarter. Bleakley Financial Group LLC now owns 476,521 shares of the company’s stock valued at $2,816,000 after purchasing an additional 237,957 shares during the period. State Street Corp raised its holdings in Under Armour by 27.8% during the 2nd quarter. State Street Corp now owns 7,682,658 shares of the company’s stock worth $49,092,000 after purchasing an additional 1,669,312 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Under Armour by 100.9% during the 1st quarter. Quantinno Capital Management LP now owns 1,226,299 shares of the company’s stock worth $7,247,000 after purchasing an additional 615,828 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Under Armour by 17.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,531,173 shares of the company’s stock worth $50,416,000 after purchasing an additional 1,285,384 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile

Under Armour, Inc develops, markets and distributes performance apparel, footwear and accessories under the Under Armour brand. Its products are designed for athletes and active consumers and include training and competition apparel, sports bras, outerwear, athletic shoes, bags, headwear and other accessories. The company’s product technologies include fabric and footwear platforms such as HeatGear, ColdGear, HOVR and UA Flow.

Under Armour sells its products through wholesale distributors and retailers, as well as through its own brand and factory stores and digital commerce platforms.