Under Armour (NYSE:UAA) Stock Price Down 5.3% – What’s Next?
by Teresa Graham · The Cerbat GemShares of Under Armour, Inc. (NYSE:UAA – Get Free Report) dropped 5.3% during mid-day trading on Wednesday . The company traded as low as $6.36 and last traded at $6.3730. Approximately 2,088,749 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 10,678,093 shares. The stock had previously closed at $6.73.
Wall Street Analyst Weigh In
UAA has been the subject of a number of analyst reports. Barclays set a $8.00 price target on Under Armour and gave the company an “equal weight” rating in a research report on Monday, February 9th. Citigroup lowered Under Armour from a “neutral” rating to a “sell” rating and set a $6.20 price target for the company. in a research report on Tuesday, February 10th. Truist Financial set a $6.00 price target on Under Armour in a research report on Wednesday, January 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $7.00 price target (up from $5.50) on shares of Under Armour in a research report on Monday, February 9th. Finally, Robert W. Baird set a $8.00 price target on Under Armour in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.91.
Get Our Latest Analysis on Under Armour
Under Armour Stock Down 5.6%
The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of -5.21, a PEG ratio of 2.57 and a beta of 1.81. The business has a fifty day moving average of $6.58 and a 200 day moving average of $5.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 0.92.
Under Armour (NYSE:UAA – Get Free Report) last released its quarterly earnings data on Friday, February 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm posted $0.08 earnings per share. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. Under Armour has set its FY 2026 guidance at 0.100-0.110 EPS. As a group, equities analysts predict that Under Armour, Inc. will post 0.11 earnings per share for the current year.
Insider Buying and Selling
In other Under Armour news, major shareholder V Prem Et Al Watsa acquired 1,528,986 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were purchased at an average cost of $6.24 per share, for a total transaction of $9,540,872.64. Following the completion of the acquisition, the insider owned 42,911,086 shares of the company’s stock, valued at approximately $267,765,176.64. The trade was a 3.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders purchased 4,976,455 shares of company stock valued at $30,869,288 in the last 90 days. Corporate insiders own 15.60% of the company’s stock.
Institutional Trading of Under Armour
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Uhlmann Price Securities LLC purchased a new stake in Under Armour in the third quarter valued at approximately $46,000. Blair William & Co. IL raised its position in Under Armour by 40.0% in the fourth quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock valued at $26,000 after purchasing an additional 1,476 shares during the period. State of Wyoming purchased a new stake in Under Armour in the second quarter valued at approximately $44,000. Hantz Financial Services Inc. raised its position in Under Armour by 202.7% in the fourth quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock valued at $42,000 after purchasing an additional 5,662 shares during the period. Finally, LRI Investments LLC purchased a new stake in Under Armour in the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.
Under Armour Company Profile
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.