Under Armour (NYSE:UA) Trading Down 5.7% – Here’s What Happened

Under Armour, Inc. (NYSE:UA) was down 5.7% on Thursday . The company traded as low as $6.70 and last traded at $6.6750. 395,486 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 3,838,208 shares. The stock had previously closed at $7.08.

Analysts Set New Price Targets

A number of research firms have commented on UA. Weiss Ratings restated a “sell (d-)” rating on shares of Under Armour in a research note on Friday, May 8th. Robert W. Baird set a $5.50 target price on Under Armour in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus target price of $5.50.

Under Armour Stock Up 4.4%

The firm’s 50-day moving average price is $6.00 and its 200 day moving average price is $6.12. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -5.93 and a beta of 1.59.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates 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.

Insiders Place Their Bets

In other Under Armour 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 stock was purchased at an average cost of $4.97 per share, for a total transaction of $3,675,419.37. Following the completion of the purchase, the insider directly owned 44,179,116 shares of the company’s stock, valued at approximately $219,570,206.52. This trade represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired 1,178,344 shares of company stock worth $5,865,147 in the last three months. 15.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

A number of institutional investors have recently modified their holdings of UA. International Assets Investment Management LLC lifted its position in shares of Under Armour by 80.0% during the 1st quarter. International Assets Investment Management LLC now owns 4,500 shares of the company’s stock worth $25,000 after buying an additional 2,000 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Under Armour in the first quarter valued at about $26,000. Symmetry Peak Management LLC bought a new position in Under Armour in the fourth quarter valued at about $48,000. Quarry LP bought a new position in Under Armour in the third quarter valued at about $53,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Under Armour during the fourth quarter worth about $54,000. Institutional investors and hedge funds 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.