Under Armour (NYSE:UA) Shares Gap Down – Here’s What Happened

Under Armour, Inc. (NYSE:UA) shares gapped down prior to trading on Friday . The stock had previously closed at $6.27, but opened at $6.00. Under Armour shares last traded at $6.0950, with a volume of 2,347,033 shares trading hands.

Under Armour News Summary

Here are the key news stories impacting Under Armour this week:

• Positive Sentiment: Under Armour reported fiscal first-quarter adjusted EPS of $0.05, exceeding the $0.02 analyst consensus and marking a small profit amid challenging market conditions. Under Armour slashes revenue outlook as fiscal first quarter sales decline
• Positive Sentiment: Management maintained its full-year fiscal 2027 profitability outlook, with EPS guidance of $0.08 to $0.12, above the currently cited analyst consensus of $0.00. Under Armour Reports First Quarter Fiscal 2027 Results
• Neutral Sentiment: The company issued second-quarter fiscal 2027 EPS guidance of negative $0.03 to negative $0.01, below the $0.05 consensus estimate, while its full-year earnings outlook remains intact. Under Armour quarterly earnings data
• Negative Sentiment: Fiscal first-quarter revenue was approximately $1.10 billion, slightly below the $1.11 billion estimate, as soft consumer demand weighed on sales in North America and Asia-Pacific. Under Armour Posts Lower Revenue on Soft Demand
• Negative Sentiment: Under Armour cut its revenue expectations for fiscal 2027 and warned of a steeper annual sales decline. The weaker top-line outlook and below-consensus second-quarter earnings guidance outweighed the quarterly EPS beat, pressuring the stock. Under Armour Revenue Expectations Update

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on UA shares. Robert W. Baird set a $5.50 price target on Under Armour in a research note on Wednesday, May 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Under Armour in a research note on Wednesday. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Sell” and a consensus target price of $5.50.

Under Armour Stock Performance

The company’s fifty day moving average is $6.24 and its 200 day moving average is $6.20. The company has a market capitalization of $2.53 billion, a P/E ratio of -5.15 and a beta of 1.59. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Under Armour (NYSE:UA) last released its quarterly earnings data on Friday, August 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Under Armour had a negative net margin of 9.98% and a positive return on equity of 3.01%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates 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 Buying and Selling at Under Armour

In related news, major shareholder V Prem Et Al Watsa purchased 739,521 shares of Under Armour stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $4.97 per share, for a total transaction of $3,675,419.37. Following the completion of the transaction, the insider owned 44,179,116 shares in the company, valued at $219,570,206.52. This trade represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 1,178,344 shares of company stock valued at $5,865,147 in the last three months. 15.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its position in shares of Under Armour by 247.3% during the first quarter. AQR Capital Management LLC now owns 98,632 shares of the company’s stock valued at $587,000 after buying an additional 70,231 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Under Armour by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 388,256 shares of the company’s stock valued at $2,310,000 after acquiring an additional 99,402 shares during the period. Prudential Financial Inc. boosted its position in shares of Under Armour by 26.4% in the second quarter. Prudential Financial Inc. now owns 19,560 shares of the company’s stock valued at $127,000 after acquiring an additional 4,083 shares during the period. Cerity Partners LLC purchased a new position in Under Armour during the second quarter valued at approximately $65,000. Finally, Quantinno Capital Management LP grew its stake in Under Armour by 16.5% during the second quarter. Quantinno Capital Management LP now owns 184,882 shares of the company’s stock valued at $1,200,000 after acquiring an additional 26,217 shares in the last quarter. 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.