Under Armour (NYSE:UA) Stock Price Up 6.7% – Here’s What Happened

Under Armour, Inc. (NYSE:UA) shares rose 6.7% during trading on Wednesday . The company traded as high as $6.90 and last traded at $6.9050. 865,648 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 3,896,422 shares. The stock had previously closed at $6.47.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Robert W. Baird set a $5.50 price objective on Under Armour in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Under Armour in a report on Friday, May 8th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Under Armour has a consensus rating of “Sell” and a consensus price target of $5.50.

Under Armour Price Performance

The firm has a market capitalization of $3.02 billion, a P/E ratio of -6.10 and a beta of 1.59. The business’s fifty day moving average is $5.80 and its 200 day moving average is $6.04. 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 posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates 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.

Insider Activity at Under Armour

In related news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of Under Armour stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $4.97 per share, with a total value of $3,675,419.37. Following the purchase, the insider directly owned 44,179,116 shares in the company, valued at $219,570,206.52. The trade was a 1.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders acquired 1,178,344 shares of company stock worth $5,865,147. 15.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Under Armour

A number of institutional investors and hedge funds have recently modified their holdings of UA. International Assets Investment Management LLC lifted its holdings in shares of Under Armour by 80.0% during the first quarter. International Assets Investment Management LLC now owns 4,500 shares of the company’s stock valued at $25,000 after purchasing an additional 2,000 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Under Armour in the 1st quarter valued at $26,000. Summit Financial Strategies Inc. purchased a new position in Under Armour in the 1st quarter worth about $58,000. Symmetry Peak Management LLC purchased a new position in Under Armour in the 4th quarter worth about $48,000. Finally, Cerity Partners LLC acquired a new stake in Under Armour during the 2nd quarter worth about $65,000. 36.35% of the stock is owned by institutional investors and hedge funds.

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.