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

Shares of Under Armour, Inc. (NYSE:UA) gapped down before the market opened on Tuesday . The stock had previously closed at $7.66, but opened at $7.19. Under Armour shares last traded at $6.8640, with a volume of 1,672,001 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Under Armour in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Under Armour Stock Down 9.5%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 0.92. The stock has a market capitalization of $2.97 billion, a PE ratio of -5.68 and a beta of 1.74. The company has a 50 day moving average price of $5.21 and a 200-day moving average price of $4.99.

Under Armour (NYSE:UA) last released its quarterly earnings results on Friday, February 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.11. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Under Armour had a negative net margin of 10.44% and a positive return on equity of 1.48%. Under Armour has set its FY 2026 guidance at 0.10-0.110 EPS.

Insider Transactions at Under Armour

In other news, major shareholder V Prem Et Al Watsa acquired 13,182,469 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were acquired at an average cost of $5.12 per share, with a total value of $67,494,241.28. Following the transaction, the insider owned 41,958,923 shares in the company, valued at $214,829,685.76. The trade was a 45.81% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought 42,448,155 shares of company stock valued at $219,067,338 over the last ninety days. 15.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Laurel Wealth Advisors LLC boosted its position in shares of Under Armour by 549.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company’s stock valued at $25,000 after purchasing an additional 3,316 shares in the last quarter. AlphaCore Capital LLC purchased a new position in Under Armour during the third quarter valued at $41,000. First Business Financial Services Inc. bought a new stake in shares of Under Armour during the 3rd quarter valued at $48,000. Keel Point LLC bought a new stake in shares of Under Armour during the 3rd quarter valued at $52,000. Finally, Quarry LP purchased a new stake in shares of Under Armour in the 3rd quarter worth about $53,000. Hedge funds and other 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.