Under Armour (NYSE:UAA) Stock Price Down 3.6% – Here’s What Happened

Under Armour, Inc. (NYSE:UAA)’s stock price was down 3.6% on Tuesday . The company traded as low as $5.18 and last traded at $5.1740. Approximately 1,441,466 shares changed hands during trading, a decline of 85% from the average session volume of 9,625,325 shares. The stock had previously closed at $5.37.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UAA. Zacks Research cut shares of Under Armour from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. UBS Group set a $9.00 price objective on Under Armour and gave the stock a “buy” rating in a research report on Monday, August 10th. Wall Street Zen raised Under Armour from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $6.00 price target on shares of Under Armour in a research note on Wednesday, May 13th. Finally, Truist Financial increased their target price on shares of Under Armour from $5.00 to $6.00 and gave the company a “hold” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $5.94.

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 stock’s 50 day moving average is $6.33 and its 200 day moving average is $6.30. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -4.49, a PEG ratio of 1.96 and a beta of 1.67.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.10 billion for 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%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 earnings per share. 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. On average, analysts predict that Under Armour, Inc. will post 0.11 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Reza Taleghani bought 18,656 shares of the stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $5.37 per share, for a total transaction of $100,182.72. Following the acquisition, the chief financial officer owned 87,621 shares in the company, valued at $470,524.77. This represents a 27.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fairfax Financial Holdings Ltd. Can lifted its stake in shares of Under Armour by 564.8% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 41,958,923 shares of the company’s stock worth $208,536,000 after purchasing an additional 35,647,123 shares during the period. Marshall Wace LLP increased its stake in Under Armour by 113.8% in the third quarter. Marshall Wace LLP now owns 6,296,543 shares of the company’s stock valued at $31,420,000 after purchasing an additional 3,351,976 shares during the last quarter. Whitebox Advisors LLC purchased a new position in Under Armour during the third quarter worth about $11,237,000. Group One Trading LLC grew its holdings in Under Armour by 378.3% in the 1st quarter. Group One Trading LLC now owns 1,568,227 shares of the company’s stock valued at $9,268,000 after buying an additional 2,131,642 shares during the period. Finally, Deltroit Asset Management UK LLP acquired a new position in shares of Under Armour during the 4th quarter valued at about $9,909,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

About Under Armour

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.