Under Armour (NYSE:UA) Shares Cross Below 50 Day Moving Average – Here’s Why

Under Armour, Inc. (NYSE:UA)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.20 and traded as low as $4.98. Under Armour shares last traded at $5.14, with a volume of 2,054,732 shares.

Wall Street Analysts Forecast Growth

UA has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Under Armour in a report on Wednesday, August 5th. Robert W. Baird set a $5.50 target price on Under Armour in a report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Sell” and an average price target of $5.50.

Under Armour Trading Up 0.2%

The firm’s fifty day simple moving average is $6.20 and its 200 day simple moving average is $6.15. The stock has a market capitalization of $2.21 billion, a P/E ratio of -4.47 and a beta of 1.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.81.

Under Armour (NYSE:UA) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates 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%. 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 Buying and Selling

In other Under Armour news, CFO Reza Taleghani bought 18,656 shares of the business’s stock in a transaction on 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 purchase, the chief financial officer directly 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 15.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently modified their holdings of UA. Western Wealth Management LLC acquired a new position in shares of Under Armour during the 1st quarter worth $26,000. Bank of America Corp DE boosted its stake in Under Armour by 103.7% in the first quarter. Bank of America Corp DE now owns 95,934 shares of the company’s stock valued at $555,000 after buying an additional 48,843 shares in the last quarter. Royal Bank of Canada grew its position in Under Armour by 7.3% in the first quarter. Royal Bank of Canada now owns 95,328 shares of the company’s stock valued at $552,000 after acquiring an additional 6,482 shares during the last quarter. Quantinno Capital Management LP grew its position in Under Armour by 211.6% in the first quarter. Quantinno Capital Management LP now owns 433,282 shares of the company’s stock valued at $2,509,000 after acquiring an additional 294,227 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Under Armour by 10.5% during the first quarter. Public Employees Retirement System of Ohio now owns 62,104 shares of the company’s stock worth $360,000 after acquiring an additional 5,887 shares in the last quarter. Institutional investors own 36.35% of the company’s stock.

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.