Under Armour (NYSE:UAA) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Under Armour, Inc. (NYSE:UAA)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.34 and traded as low as $5.23. Under Armour shares last traded at $5.40, with a volume of 7,447,074 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UAA. Stifel Nicolaus set a $6.00 price target on Under Armour and gave the company a “hold” rating in a research report on Tuesday, May 12th. Truist Financial boosted their price objective on Under Armour from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. Telsey Advisory Group decreased their target price on Under Armour from $6.00 to $5.50 and set a “market perform” rating for the company in a research note on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $6.00 target price on shares of Under Armour in a report on Wednesday, May 13th. Finally, Zacks Research lowered Under Armour from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $5.94.

Under Armour Price Performance

The stock has a market cap of $2.32 billion, a P/E ratio of -4.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.67. The company has a current ratio of 1.81, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $6.34 and its 200-day simple moving average is $6.31.

Under Armour (NYSE:UAA) last issued its earnings results on Friday, August 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Under Armour had a negative net margin of 9.99% and a positive return on equity of 4.04%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030–0.010 EPS. As a group, sell-side analysts forecast that Under Armour, Inc. will post 0.11 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Reza Taleghani acquired 18,656 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $5.37 per share, for a total transaction of $100,182.72. Following the completion of the purchase, the chief financial officer directly owned 87,621 shares of the company’s stock, valued at $470,524.77. The trade was a 27.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 15.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Under Armour

Institutional investors have recently added to or reduced their stakes in the company. Fairfax Financial Holdings Ltd. Can raised its stake in shares of Under Armour by 564.8% in the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 41,958,923 shares of the company’s stock valued at $208,536,000 after acquiring an additional 35,647,123 shares during the last quarter. Marshall Wace LLP grew its position in Under Armour by 113.8% during the 3rd quarter. Marshall Wace LLP now owns 6,296,543 shares of the company’s stock worth $31,420,000 after acquiring an additional 3,351,976 shares during the last quarter. Whitebox Advisors LLC bought a new stake in Under Armour during the 3rd quarter worth approximately $11,237,000. Group One Trading LLC increased its holdings in Under Armour by 378.3% during the 1st quarter. Group One Trading LLC now owns 1,568,227 shares of the company’s stock valued at $9,268,000 after purchasing an additional 2,131,642 shares in the last quarter. Finally, Deltroit Asset Management UK LLP bought a new position in Under Armour in the 4th quarter valued at $9,909,000. 34.58% of the stock is owned by institutional investors.

About Under Armour

Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.

Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.