Under Armour (NYSE:UA) Shares Gap Down – Here’s What Happened

Shares of Under Armour, Inc. (NYSE:UA) gapped down prior to trading on Friday . The stock had previously closed at $6.27, but opened at $6.00. Under Armour shares last traded at $6.0950, with a volume of 2,347,033 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on UA. Robert W. Baird set a $5.50 price objective on shares of Under Armour in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Under Armour in a research report on Wednesday. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Under Armour has a consensus rating of “Sell” and an average target price of $5.50.

Under Armour Price Performance

The business has a fifty day simple moving average of $6.24 and a two-hundred day simple moving average of $6.20. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.60 billion, a PE ratio of -5.25 and a beta of 1.59.

Under Armour (NYSE:UA) last announced its earnings results on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Under Armour had a positive return on equity of 3.01% and a negative net margin of 9.98%.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 Transactions at Under Armour

In other news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $4.97 per share, for a total transaction of $3,675,419.37. Following the completion of the acquisition, the insider owned 44,179,116 shares in the company, valued at $219,570,206.52. This trade represents a 1.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 1,178,344 shares of company stock valued at $5,865,147 in the last ninety days. 15.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Under Armour

A number of hedge funds and other institutional investors have recently modified their holdings of UA. Vanguard Group Inc. increased its stake in shares of Under Armour by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 15,729,586 shares of the company’s stock worth $75,502,000 after acquiring an additional 831,186 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Under Armour by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,518,415 shares of the company’s stock worth $66,688,000 after acquiring an additional 716,815 shares in the last quarter. Fairfax Financial Holdings Ltd. Can purchased a new stake in Under Armour in the fourth quarter worth about $45,395,000. Millennium Management LLC grew its holdings in Under Armour by 153.7% in the third quarter. Millennium Management LLC now owns 2,346,929 shares of the company’s stock worth $11,336,000 after purchasing an additional 1,421,981 shares during the period. Finally, Corient Private Wealth LLC grew its holdings in Under Armour by 99.8% in the second quarter. Corient Private Wealth LLC now owns 2,005,844 shares of the company’s stock worth $13,018,000 after purchasing an additional 1,002,037 shares during the period. 36.35% of the stock is owned by hedge funds and other institutional investors.

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.