Under Armour (NYSE:UA) Trading Down 7.2% – Here’s Why

Shares of Under Armour, Inc. (NYSE:UA) fell 7.2% on Monday . The stock traded as low as $5.90 and last traded at $5.95. 2,571,256 shares traded hands during trading, a decline of 54% from the average session volume of 5,568,790 shares. The stock had previously closed at $6.41.

Analyst Ratings Changes

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

Under Armour Stock Performance

The firm’s 50-day moving average price is $6.36 and its two-hundred day moving average price is $5.20. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.69 billion, a PE ratio of -5.18 and a beta of 1.68.

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

Insider Buying and Selling at Under Armour

In related news, major shareholder V Prem Et Al Watsa acquired 1,112,119 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The shares were acquired at an average cost of $6.21 per share, with a total value of $6,906,258.99. Following the purchase, the insider owned 43,000,872 shares of the company’s stock, valued at approximately $267,035,415.12. The trade was a 2.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 42,448,155 shares of company stock valued at $219,067,338 over the last ninety days. 15.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. AQR Capital Management LLC increased its stake in Under Armour by 247.3% in the first quarter. AQR Capital Management LLC now owns 98,632 shares of the company’s stock valued at $587,000 after acquiring an additional 70,231 shares during the period. Goldman Sachs Group Inc. boosted its stake in Under Armour by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 388,256 shares of the company’s stock worth $2,310,000 after purchasing an additional 99,402 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Under Armour by 6.4% during the second quarter. Bank of Montreal Can now owns 78,027 shares of the company’s stock worth $506,000 after purchasing an additional 4,682 shares during the last quarter. Savant Capital LLC bought a new position in shares of Under Armour in the second quarter valued at about $136,000. Finally, Quinn Opportunity Partners LLC acquired a new position in Under Armour during the 2nd quarter worth about $389,000. 36.35% of the stock is currently owned by institutional investors and hedge funds.

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.