Under Armour (NYSE:UA) Shares Down 4.3% – What’s Next?

Under Armour, Inc. (NYSE:UA)’s share price dropped 4.3% during mid-day trading on Tuesday . The stock traded as low as $5.01 and last traded at $5.0050. 1,575,167 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 3,697,676 shares. The stock had previously closed at $5.23.

Analyst Ratings Changes

Several brokerages recently commented on UA. Weiss Ratings upgraded Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, August 19th. Robert W. Baird set a $5.50 target price on Under Armour in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Sell” and an average target price of $5.50.

Under Armour Stock Down 4.3%

The company has a market cap of $2.15 billion, a PE ratio of -4.36 and a beta of 1.59. 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 company has a fifty day moving average price of $6.17 and a 200 day moving average price of $6.14.

Under Armour (NYSE:UA) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%.Under Armour has set its Q2 2027 guidance at -0.030–0.010 EPS and its FY 2027 guidance at 0.080-0.120 EPS.

Insiders Place Their Bets

In other news, CFO Reza Taleghani purchased 18,656 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $5.37 per share, with a total value of $100,182.72. Following the transaction, the chief financial officer directly owned 87,621 shares of the company’s stock, valued at approximately $470,524.77. This represents a 27.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Under Armour

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its position in shares of Under Armour by 80.0% during the first quarter. International Assets Investment Management LLC now owns 4,500 shares of the company’s stock valued at $25,000 after purchasing an additional 2,000 shares in the last quarter. Western Wealth Management LLC bought a new stake in Under Armour in the 1st quarter worth approximately $26,000. Symmetry Peak Management LLC purchased a new stake in shares of Under Armour during the 4th quarter valued at about $48,000. Quarry LP purchased a new stake in shares of Under Armour in the 3rd quarter worth $53,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Under Armour in the 4th quarter worth approximately $54,000. Institutional investors 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.