Under Armour (NYSE:UAA) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Shares of Under Armour, Inc. (NYSE:UAA) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.21 and traded as low as $4.93. Under Armour shares last traded at $5.1260, with a volume of 6,057,584 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on UAA shares. Wall Street Zen upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. Citigroup reissued a “sell” rating and set a $4.75 price objective (down from $6.20) on shares of Under Armour in a research note on Wednesday, May 13th. Weiss Ratings upgraded shares of Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $6.00 target price on shares of Under Armour in a research note on Wednesday, May 13th. Finally, Barclays lowered shares of Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and four have issued 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 firm’s fifty day simple moving average is $6.20 and its 200-day simple moving average is $6.19. The firm has a market capitalization of $2.26 billion, a PE ratio of -4.57, a PEG ratio of 1.87 and a beta of 1.62. 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:UAA) last announced its quarterly 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share. 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. On average, research analysts forecast that Under Armour, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Under Armour

In other Under Armour news, CFO Reza Taleghani purchased 18,656 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price 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. This trade represents a 27.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 15.70% of the stock is owned by corporate insiders.

Institutional Trading of Under Armour

A number of large investors have recently made changes to their positions in the stock. Deltroit Asset Management UK LLP purchased a new position in shares of Under Armour in the 4th quarter worth $9,909,000. Bleakley Financial Group LLC increased its position in Under Armour by 99.7% during the first quarter. Bleakley Financial Group LLC now owns 476,521 shares of the company’s stock valued at $2,816,000 after acquiring an additional 237,957 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Under Armour during the fourth quarter valued at $1,343,000. Fairfax Financial Holdings Ltd. Can lifted its holdings in 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 period. Finally, Vanguard Group Inc. lifted its holdings in Under Armour by 11.3% in the fourth quarter. Vanguard Group Inc. now owns 17,168,819 shares of the company’s stock valued at $85,329,000 after acquiring an additional 1,747,120 shares during the period. 34.58% of the stock is currently 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.