Under Armour (NYSE:UA) Stock Price Down 1.2% – What’s Next?

Under Armour, Inc. (NYSE:UA)’s stock price traded down 1.2% during mid-day trading on Wednesday . The company traded as low as $5.53 and last traded at $5.5450. 1,786,691 shares were traded during trading, a decline of 45% from the average session volume of 3,220,359 shares. The stock had previously closed at $5.61.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup lowered shares of Under Armour from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. Zacks Research upgraded shares of Under Armour to a “hold” rating in a research report on Wednesday, March 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Under Armour in a research report on Friday, May 8th. Finally, Robert W. Baird set a $5.50 target price on shares of Under Armour in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Sell” and a consensus price target of $5.50.

Under Armour Price Performance

The business’s 50 day moving average is $5.72 and its 200-day moving average is $5.69. The firm has a market capitalization of $2.36 billion, a P/E ratio of -4.78 and a beta of 1.61. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 0.42.

Under Armour (NYSE:UA) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Under Armour had a negative net margin of 9.98% and a positive return on equity of 3.01%. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q1 2027 guidance at 0.000-0.020 EPS. As a group, sell-side analysts predict that Under Armour, Inc. will post 0.24 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder V Prem Et Al Watsa bought 739,521 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $4.97 per share, for a total transaction of $3,675,419.37. Following the completion of the transaction, the insider directly owned 44,179,116 shares of the company’s stock, valued at approximately $219,570,206.52. This represents a 1.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 1,178,344 shares of company stock valued at $5,865,147 in the last quarter. Company insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in shares of Under Armour by 247.3% during the first quarter. AQR Capital Management LLC now owns 98,632 shares of the company’s stock valued at $587,000 after acquiring an additional 70,231 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Under Armour by 34.4% during the first quarter. Goldman Sachs Group Inc. now owns 388,256 shares of the company’s stock worth $2,310,000 after buying an additional 99,402 shares during the last quarter. Prudential Financial Inc. raised its stake in Under Armour by 26.4% during the second quarter. Prudential Financial Inc. now owns 19,560 shares of the company’s stock worth $127,000 after buying an additional 4,083 shares during the last quarter. Cerity Partners LLC bought a new position in Under Armour during the second quarter worth $65,000. Finally, Quantinno Capital Management LP raised its stake in Under Armour by 16.5% during the second quarter. Quantinno Capital Management LP now owns 184,882 shares of the company’s stock worth $1,200,000 after buying an additional 26,217 shares during the last quarter. Institutional investors and hedge funds own 36.35% of the company’s stock.

About Under Armour

Under Armour, Inc is a global designer, marketer and distributor of branded performance apparel, footwear and accessories. The company’s product portfolio spans a wide range of athletic categories, including running, training, basketball, outdoor and golf, with specialized lines for men, women and youth. Under Armour emphasizes innovative fabrics and technologies designed to enhance athletic performance, such as moisture-wicking HeatGear®, cold-weather ColdGear® and UV-protective UA Tech™ materials.

The company was founded in 1996 by former University of Maryland football captain Kevin Plank, who sought to create a superior moisture-wicking T-shirt to keep athletes cool and dry.