Under Armour (NYSE:UA) Releases Quarterly Earnings Results

Under Armour (NYSE:UA) announced its quarterly earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02, Zacks reports. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Under Armour updated its FY 2026 guidance to 0.030-0.050 EPS.

Under Armour Trading Down 1.4%

Shares of UA traded down $0.06 on Thursday, hitting $4.35. 6,860,090 shares of the stock traded hands, compared to its average volume of 4,305,167. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.87 billion, a P/E ratio of 19.77 and a beta of 1.77. The stock’s 50 day moving average is $4.72 and its two-hundred day moving average is $5.58. Under Armour has a 1 year low of $4.18 and a 1 year high of $10.62.

Insider Activity

In related news, Director Robert John Sweeney acquired 100,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were acquired at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director directly owned 133,696 shares in the company, valued at approximately $652,436.48. The trade was a 296.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dawn N. Fitzpatrick acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the completion of the acquisition, the director owned 133,696 shares in the company, valued at approximately $659,121.28. This trade represents a 296.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 202,045 shares of company stock worth $991,000 over the last quarter. 15.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Under Armour

Hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC increased its stake in shares of Under Armour by 99.8% in the second quarter. Corient Private Wealth LLC now owns 2,005,844 shares of the company’s stock worth $13,018,000 after buying an additional 1,002,037 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Under Armour by 54.8% in the second quarter. Ameriprise Financial Inc. now owns 359,077 shares of the company’s stock worth $2,330,000 after buying an additional 127,152 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Under Armour by 34.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 388,256 shares of the company’s stock worth $2,310,000 after purchasing an additional 99,402 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Under Armour by 608.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 249,659 shares of the company’s stock worth $1,620,000 after purchasing an additional 214,439 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Under Armour by 16.5% in the 2nd quarter. Quantinno Capital Management LP now owns 184,882 shares of the company’s stock worth $1,200,000 after purchasing an additional 26,217 shares during the last quarter. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Under Armour in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.