Under Armour (NYSE:UA) Trading 6% Higher – Here’s What Happened

Under Armour, Inc. (NYSE:UA)’s share price was up 6% during trading on Tuesday . The company traded as high as $7.33 and last traded at $7.3860. Approximately 1,490,063 shares were traded during trading, a decline of 78% from the average daily volume of 6,647,272 shares. The stock had previously closed at $6.97.

Wall Street Analysts Forecast Growth

UA has been the topic of a number of recent research reports. Citigroup lowered shares of Under Armour from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Under Armour in a report on Monday, December 29th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, Under Armour has an average rating of “Sell”.

Under Armour Price Performance

The stock’s 50 day moving average is $5.47 and its two-hundred day moving average is $5.00. The stock has a market capitalization of $3.21 billion, a PE ratio of -6.18 and a beta of 1.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 0.92.

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

Insider Buying and Selling

In other Under Armour news, major shareholder V Prem Et Al Watsa purchased 13,182,469 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were bought at an average cost of $5.12 per share, for a total transaction of $67,494,241.28. Following the completion of the purchase, the insider directly owned 41,958,923 shares in the company, valued at approximately $214,829,685.76. This represents a 45.81% 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. Insiders acquired a total of 42,448,155 shares of company stock valued at $219,067,338 over the last 90 days. Corporate insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Several institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its stake in Under Armour by 2.1% in the second quarter. Tidal Investments LLC now owns 110,954 shares of the company’s stock valued at $720,000 after purchasing an additional 2,255 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Under Armour by 4.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,508 shares of the company’s stock valued at $360,000 after buying an additional 2,291 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Under Armour by 6.8% in the 2nd quarter. Osaic Holdings Inc. now owns 35,932 shares of the company’s stock valued at $233,000 after buying an additional 2,295 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Under Armour by 10.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,100 shares of the company’s stock worth $130,000 after acquiring an additional 2,667 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its stake in Under Armour by 549.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company’s stock worth $25,000 after acquiring an additional 3,316 shares in the last quarter. 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.