Under Armour (NYSE:UA) Shares Up 0.1% – Here’s Why

Under Armour, Inc. (NYSE:UA)’s share price shot up 0.1% during mid-day trading on Monday. The company traded as high as $4.84 and last traded at $4.7850. 1,953,077 shares were traded during trading, a decline of 32% from the average session volume of 2,877,770 shares. The stock had previously closed at $4.78.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Under Armour presently has a consensus rating of “Sell” and a consensus price target of $5.50.

Under Armour Trading Up 0.1%

The business’s 50 day simple moving average is $4.99 and its 200 day simple moving average is $5.64. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -4.16 and a beta of 1.53. The company has a quick ratio of 0.96, a current ratio of 1.81 and a debt-to-equity ratio of 0.41.

Under Armour (NYSE:UA) last released its quarterly earnings data on Friday, August 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The company 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%. 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.

Insider Transactions at Under Armour

In other Under Armour news, CFO Reza Taleghani purchased 18,656 shares of Under Armour stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $5.37 per share, for a total transaction of $100,182.72. Following the completion of the acquisition, the chief financial officer owned 87,621 shares of the company’s stock, valued at approximately $470,524.77. This trade represents a 27.05% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in shares of Under Armour by 185.1% during the third quarter. Farther Finance Advisors LLC now owns 17,859 shares of the company’s stock worth $78,000 after purchasing an additional 11,594 shares during the period. Versant Capital Management Inc grew its holdings in Under Armour by 150.2% in the 3rd quarter. Versant Capital Management Inc now owns 5,869 shares of the company’s stock valued at $26,000 after buying an additional 3,523 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Under Armour in the 2nd quarter valued at $39,000. NewEdge Advisors LLC increased its position in Under Armour by 18.2% during the 2nd quarter. NewEdge Advisors LLC now owns 143,315 shares of the company’s stock worth $891,000 after buying an additional 22,081 shares during the period. Finally, Squarepoint Ops LLC increased its position in Under Armour by 38.3% during the 2nd quarter. Squarepoint Ops LLC now owns 122,281 shares of the company’s stock worth $761,000 after buying an additional 33,876 shares during the period. 36.35% of the stock is owned by institutional investors.

About Under Armour

Under Armour, Inc is a sports performance apparel, footwear and accessories company headquartered in Baltimore, Maryland. The company develops products designed for athletes and active consumers, including performance shirts, shorts, outerwear, shoes, training gear and accessories.

Founded in 1996 by Kevin Plank, Under Armour initially became known for moisture-wicking athletic apparel intended to help athletes stay cool and dry. Its product portfolio includes technologies and product lines such as HeatGear, ColdGear and UA HOVR footwear, along with sportswear and lifestyle products sold under the Under Armour brand.

Under Armour distributes its products through wholesale partners, its own retail stores and digital commerce channels.