Under Armour (NYSE:UA) Stock Price Down 1.2% – What’s Next?

Under Armour, Inc. (NYSE:UA) dropped 1.2% on Wednesday . The company traded as low as $5.53 and last traded at $5.5450. Approximately 1,786,691 shares traded hands during trading, a decline of 45% from the average daily volume of 3,220,359 shares. The stock had previously closed at $5.61.

Wall Street Analyst Weigh In

UA has been the subject of a number of analyst reports. Zacks Research raised shares of Under Armour to a “hold” rating in a research note on Wednesday, March 11th. Robert W. Baird set a $5.50 price target on shares of Under Armour in a research note on Wednesday, May 13th. Citigroup downgraded shares of Under Armour from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Under Armour in a research report on Friday, May 8th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Sell” and an average target price of $5.50.

Under Armour Stock Down 1.2%

The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $5.72 and a 200 day simple moving average of $5.69. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -4.78 and a beta of 1.61.

Under Armour (NYSE:UA) last posted its earnings results on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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. As a group, analysts expect that Under Armour, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Under Armour

In other Under Armour news, major shareholder V Prem Et Al Watsa bought 739,521 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $4.97 per share, with a total value of $3,675,419.37. Following the completion of the transaction, the insider directly owned 44,179,116 shares in the company, valued at approximately $219,570,206.52. The trade was a 1.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have bought 1,178,344 shares of company stock worth $5,865,147 over the last ninety days. Insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Hedge funds and other institutional investors have recently made changes to their positions in the business. BDT Capital Partners LLC increased its position in shares of Under Armour by 4.1% during the third quarter. BDT Capital Partners LLC now owns 65,050,733 shares of the company’s stock worth $314,195,000 after acquiring an additional 2,586,854 shares in the last quarter. Bastion Asset Management Inc. bought a new stake in Under Armour in the 3rd quarter worth about $1,945,000. Quinn Opportunity Partners LLC grew its position in Under Armour by 1,100.0% in the 3rd quarter. Quinn Opportunity Partners LLC now owns 720,000 shares of the company’s stock worth $3,478,000 after purchasing an additional 660,000 shares in the last quarter. Vanguard Group Inc. grew its position in Under Armour by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 15,729,586 shares of the company’s stock worth $75,502,000 after purchasing an additional 831,186 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Under Armour in the 3rd quarter worth about $740,000. 36.35% of the stock is owned by institutional investors.

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.