Under Armour (NYSE:UA) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Under Armour, Inc. (NYSE:UA) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.05 and traded as low as $5.01. Under Armour shares last traded at $5.09, with a volume of 2,156,463 shares traded.

Wall Street Analyst Weigh In

UA has been the subject of several research reports. Robert W. Baird set a $5.50 price target on shares of Under Armour in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Under Armour presently has an average rating of “Sell” and a consensus target price of $5.50.

Under Armour Trading Up 0.6%

The company has a quick ratio of 0.96, a current ratio of 1.81 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average price of $6.03 and a 200 day moving average price of $6.02. The stock has a market capitalization of $2.20 billion, a PE ratio of -4.46 and a beta of 1.54.

Under Armour (NYSE:UA) last announced its earnings results on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%.The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. 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.

Insider Activity at Under Armour

In other news, CFO Reza Taleghani purchased 18,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $5.37 per share, with a total value of $100,182.72. Following the completion of the transaction, the chief financial officer directly owned 87,621 shares of the company’s stock, valued at approximately $470,524.77. This trade represents a 27.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fairfax Financial Holdings Ltd. Can purchased a new stake in shares of Under Armour during the 4th quarter valued at $45,395,000. Millennium Management LLC raised its stake in shares of Under Armour by 153.7% during the 3rd quarter. Millennium Management LLC now owns 2,346,929 shares of the company’s stock worth $11,336,000 after purchasing an additional 1,421,981 shares during the period. Corient Private Wealth LP purchased a new position in shares of Under Armour in the 2nd quarter worth about $6,275,000. Corient Private Wealth LLC boosted its holdings in shares of Under Armour by 99.8% in the 2nd 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. Finally, Picton Mahoney Asset Management purchased a new position in Under Armour in the fourth quarter valued at about $3,999,000. Hedge funds and other institutional investors 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.