Under Armour (NYSE:UA) Stock Price Down 6.7% – Here’s Why

Under Armour, Inc. (NYSE:UA)’s share price was down 6.7% on Wednesday . The stock traded as low as $6.14 and last traded at $6.0750. Approximately 1,737,939 shares changed hands during trading, a decline of 60% from the average daily volume of 4,367,802 shares. The stock had previously closed at $6.51.

Analysts Set New Price Targets

Several analysts have recently weighed in on UA shares. Citigroup downgraded Under Armour from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Zacks Research upgraded Under Armour to a “hold” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Under Armour in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Under Armour Stock Down 3.3%

The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -4.91 and a beta of 1.73. The stock has a 50 day moving average of $6.38 and a 200 day moving average of $5.44. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.27.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.11. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. Under Armour had a positive return on equity of 1.48% and a negative net margin of 10.44%.Under Armour has set its FY 2026 guidance at 0.10-0.110 EPS. As a group, analysts expect that Under Armour, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder V Prem Et Al Watsa purchased 1,528,986 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was acquired at an average cost of $6.24 per share, for a total transaction of $9,540,872.64. Following the completion of the purchase, the insider owned 42,911,086 shares of the company’s stock, valued at approximately $267,765,176.64. This trade represents a 3.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 3,637,001 shares of company stock valued at $22,631,646 in the last three months. 15.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Under Armour

A number of hedge funds have recently bought and sold shares of UA. Louisiana State Employees Retirement System bought a new position in Under Armour in the first quarter worth about $307,000. Values First Advisors Inc. lifted its holdings in Under Armour by 4.0% in the first quarter. Values First Advisors Inc. now owns 93,601 shares of the company’s stock worth $542,000 after acquiring an additional 3,580 shares during the last quarter. Alpine Global Management LLC bought a new position in Under Armour in the fourth quarter worth about $195,000. Invesco Ltd. lifted its holdings in Under Armour by 104.9% in the fourth quarter. Invesco Ltd. now owns 1,003,496 shares of the company’s stock worth $4,817,000 after acquiring an additional 513,662 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in Under Armour in the fourth quarter worth about $54,000. 36.35% of the stock is currently owned by institutional investors and hedge funds.

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.