Under Armour (NYSE:UA) Trading 6.7% Higher – Still a Buy?

Under Armour, Inc. (NYSE:UA) traded up 6.7% during mid-day trading on Wednesday . The company traded as high as $6.90 and last traded at $6.9050. 865,648 shares traded hands during trading, a decline of 78% from the average session volume of 3,896,422 shares. The stock had previously closed at $6.47.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Robert W. Baird set a $5.50 price target on Under Armour in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Under Armour in a research note on Friday, May 8th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Sell” and a consensus price target of $5.50.

Under Armour Price Performance

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 fifty day simple moving average of $5.77 and a two-hundred day simple moving average of $6.00. The company has a market cap of $2.93 billion, a PE ratio of -5.90 and a beta of 1.59.

Under Armour (NYSE:UA) last issued its earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 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 FY 2027 guidance at 0.080-0.120 EPS and its Q1 2027 guidance at 0.000-0.020 EPS.

Insider Transactions at Under Armour

In other Under Armour news, major shareholder V Prem Et Al Watsa bought 739,521 shares of Under Armour stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $4.97 per share, with a total value 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. The trade was a 1.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 1,178,344 shares of company stock valued at $5,865,147 in the last three months. Corporate insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

A number of institutional investors and hedge funds have recently made changes to their positions in UA. Integrated Advisors Network LLC grew its holdings in Under Armour by 2.7% during the 4th quarter. Integrated Advisors Network LLC now owns 72,452 shares of the company’s stock worth $348,000 after acquiring an additional 1,884 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Under Armour by 80.0% in the 1st quarter. International Assets Investment Management LLC now owns 4,500 shares of the company’s stock valued at $25,000 after purchasing an additional 2,000 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Under Armour by 2.1% in the 2nd quarter. Tidal Investments LLC now owns 110,954 shares of the company’s stock valued at $720,000 after purchasing an additional 2,255 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Under Armour by 6.8% during the second quarter. Osaic Holdings Inc. now owns 35,932 shares of the company’s stock worth $233,000 after purchasing an additional 2,295 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Under Armour by 10.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 27,100 shares of the company’s stock worth $130,000 after purchasing an additional 2,667 shares in the last quarter. 36.35% of the stock is owned by institutional investors and hedge funds.

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.