Under Armour (NYSE:UA) Stock Price Down 6.5% – Here’s Why

Shares of Under Armour, Inc. (NYSE:UA) were down 6.5% during trading on Monday . The company traded as low as $5.58 and last traded at $5.5450. 674,471 shares were traded during trading, a decline of 82% from the average session volume of 3,764,474 shares. The stock had previously closed at $5.93.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Robert W. Baird set a $5.50 price objective on shares of Under Armour in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Under Armour in a report on Wednesday. One investment 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 stock presently has an average rating of “Sell” and a consensus price target of $5.50.

Under Armour Trading Down 7.0%

The firm has a market cap of $2.35 billion, a PE ratio of -4.80 and a beta of 1.59. The firm has a fifty day simple moving average of $6.24 and a two-hundred day simple moving average of $6.20. The company has a current ratio of 1.81, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41.

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

Insiders Place Their Bets

In other news, major shareholder V Prem Et Al Watsa bought 739,521 shares of Under Armour stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $4.97 per share, for a total transaction of $3,675,419.37. Following the acquisition, the insider owned 44,179,116 shares of the company’s stock, valued at approximately $219,570,206.52. The trade was a 1.70% 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. Over the last quarter, insiders purchased 1,178,344 shares of company stock worth $5,865,147. Insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position 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 in the last quarter. Western Wealth Management LLC bought a new position in Under Armour in the first quarter worth $26,000. Symmetry Peak Management LLC purchased a new position in Under Armour during the fourth quarter valued at $48,000. Quarry LP purchased a new position in Under Armour during the third quarter valued at $53,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Under Armour during the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

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.