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

Under Armour, Inc. (NYSE:UA) was up 0.1% on Monday. The stock traded as high as $4.84 and last traded at $4.7850. Approximately 1,953,077 shares changed hands during trading, a decline of 32% from the average daily 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 research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Sell” and an average target price of $5.50.

Under Armour Stock Performance

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 50 day moving average is $4.95 and its 200-day moving average is $5.64. The company has a market capitalization of $2.00 billion, a P/E ratio of -4.06 and a beta of 1.53.

Under Armour (NYSE:UA) last issued its quarterly earnings results 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 company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations 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.

Insider Activity

In other Under Armour news, CFO Reza Taleghani bought 18,656 shares of the stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

Several hedge funds and other institutional investors have recently made changes to their positions in UA. International Assets Investment Management LLC grew its stake in shares of Under Armour by 80.0% in the first quarter. International Assets Investment Management LLC now owns 4,500 shares of the company’s stock worth $25,000 after acquiring an additional 2,000 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Under Armour during the first quarter valued at $26,000. Versant Capital Management Inc raised its position in shares of Under Armour by 150.2% in the 3rd quarter. Versant Capital Management Inc now owns 5,869 shares of the company’s stock worth $26,000 after purchasing an additional 3,523 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Under Armour in the 2nd quarter worth about $39,000. Finally, Summit Financial Strategies Inc. purchased a new position in shares of Under Armour in the 1st quarter worth about $58,000. Hedge funds and other institutional investors own 36.35% of the company’s stock.

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.