Under Armour (NYSE:UAA) Share Price Breaks Above 50 Day Moving Average – Time to Sell?

Under Armour, Inc. (NYSE:UAA)’s stock price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $4.87 and traded as high as $5.03. Under Armour shares last traded at $5.0050, with a volume of 7,281,631 shares traded.

Analysts Set New Price Targets

Several analysts recently issued reports on UAA shares. Truist Financial lifted their target price on Under Armour from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Monday, August 10th. Weiss Ratings raised Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Barclays downgraded Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a research note on Tuesday, August 11th. UBS Group restated a “buy” rating and issued a $8.00 price target (down from $9.00) on shares of Under Armour in a research note on Wednesday. Finally, Morgan Stanley set a $4.00 price objective on shares of Under Armour and gave the company an “equal weight” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Under Armour currently has an average rating of “Reduce” and a consensus target price of $5.69.

Under Armour Stock Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.81. The company has a market capitalization of $2.15 billion, a P/E ratio of -4.35, a P/E/G ratio of 1.79 and a beta of 1.62. The business’s fifty day simple moving average is $4.87 and its 200-day simple moving average is $5.94.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.02 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. 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, equities analysts anticipate that Under Armour, Inc. will post 0.10 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Reza Taleghani bought 18,656 shares of Under Armour stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $5.37 per share, with a total value 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 $470,524.77. This trade represents a 27.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in Under Armour by 94.1% during the 3rd quarter. Versant Capital Management Inc now owns 6,155 shares of the company’s stock valued at $27,000 after buying an additional 2,984 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Under Armour by 134.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,061 shares of the company’s stock worth $31,000 after acquiring an additional 4,050 shares during the last quarter. Fortitude Family Office LLC increased its stake in Under Armour by 2,744.0% in the 3rd quarter. Fortitude Family Office LLC now owns 7,821 shares of the company’s stock worth $35,000 after acquiring an additional 7,546 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Under Armour during the 3rd quarter worth approximately $58,000. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Under Armour during the 1st quarter worth approximately $76,000. 34.58% of the stock is owned by institutional investors.

Under Armour Company Profile

Under Armour, Inc develops, markets and distributes performance apparel, footwear and accessories under the Under Armour brand. Its products are designed for athletes and active consumers and include training and competition apparel, sports bras, outerwear, athletic shoes, bags, headwear and other accessories. The company’s product technologies include fabric and footwear platforms such as HeatGear, ColdGear, HOVR and UA Flow.

Under Armour sells its products through wholesale distributors and retailers, as well as through its own brand and factory stores and digital commerce platforms.