Under Armour (NYSE:UA) Shares Down 1.2% – Here’s Why
by Scott Moore · The Cerbat GemUnder Armour, Inc. (NYSE:UA – Get Free Report)’s stock price dropped 1.2% on Wednesday . The company traded as low as $5.53 and last traded at $5.5450. Approximately 1,786,691 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 3,220,359 shares. The stock had previously closed at $5.61.
Analyst Upgrades and Downgrades
UA has been the topic of a number of recent research reports. Zacks Research raised shares of Under Armour to a “hold” rating in a research report on Wednesday, March 11th. Robert W. Baird set a $5.50 target price on shares of Under Armour in a research report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Under Armour in a research report on Friday, May 8th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Sell” and a consensus target price of $5.50.
Check Out Our Latest Stock Analysis on Under Armour
Under Armour Trading Up 0.4%
The company has a market cap of $2.50 billion, a P/E ratio of -5.05 and a beta of 1.61. The stock’s 50 day moving average is $5.72 and its 200-day moving average is $5.70. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.
Under Armour (NYSE:UA – Get Free Report) last announced its quarterly earnings results 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 positive return on equity of 3.01% and a negative net margin of 9.98%.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. Research analysts anticipate that Under Armour, Inc. will post 0.24 earnings per share for the current fiscal year.
Insider Transactions at Under Armour
In related news, major shareholder V Prem Et Al Watsa bought 739,521 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $4.97 per share, for a total transaction of $3,675,419.37. Following the purchase, the insider owned 44,179,116 shares of the company’s stock, valued at approximately $219,570,206.52. The trade was a 1.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have bought 1,178,344 shares of company stock worth $5,865,147. 15.60% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Under Armour
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC bought a new position in Under Armour during the 1st quarter valued at about $26,000. Bank of America Corp DE lifted its stake in Under Armour by 103.7% during the 1st quarter. Bank of America Corp DE now owns 95,934 shares of the company’s stock valued at $555,000 after acquiring an additional 48,843 shares during the period. Royal Bank of Canada lifted its stake in Under Armour by 7.3% during the 1st quarter. Royal Bank of Canada now owns 95,328 shares of the company’s stock valued at $552,000 after acquiring an additional 6,482 shares during the period. Quantinno Capital Management LP lifted its stake in Under Armour by 211.6% during the 1st quarter. Quantinno Capital Management LP now owns 433,282 shares of the company’s stock valued at $2,509,000 after acquiring an additional 294,227 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in Under Armour by 10.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 62,104 shares of the company’s stock valued at $360,000 after acquiring an additional 5,887 shares during the period. Institutional investors own 36.35% of the company’s stock.
Under Armour Company Profile
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.