Under Armour (NYSE:UA) Trading Up 6% – Here’s Why

Under Armour, Inc. (NYSE:UA) shares were up 6% during trading on Tuesday . The company traded as high as $7.33 and last traded at $7.3860. Approximately 1,490,063 shares traded hands during trading, a decline of 78% from the average daily volume of 6,647,272 shares. The stock had previously closed at $6.97.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Under Armour in a research report on Monday, December 29th. Citigroup downgraded Under Armour from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Under Armour Trading Up 8.2%

The company has a 50 day simple moving average of $5.47 and a 200 day simple moving average of $5.00. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $3.21 billion, a PE ratio of -6.18 and a beta of 1.74.

Under Armour (NYSE:UA) last announced its earnings results on Friday, February 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.16 billion. Under Armour has set its FY 2026 guidance at 0.10-0.110 EPS.

Insider Buying and Selling

In other news, major shareholder V Prem Et Al Watsa bought 13,182,469 shares of Under Armour stock in a transaction dated Tuesday, December 30th. The stock was bought at an average price of $5.12 per share, for a total transaction of $67,494,241.28. Following the purchase, the insider owned 41,958,923 shares of the company’s stock, valued at approximately $214,829,685.76. The trade was a 45.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have acquired 42,448,155 shares of company stock worth $219,067,338. 15.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Under Armour

A number of hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Under Armour by 247.3% during the 1st quarter. AQR Capital Management LLC now owns 98,632 shares of the company’s stock worth $587,000 after purchasing an additional 70,231 shares during the period. Goldman Sachs Group Inc. grew its holdings in Under Armour by 34.4% during the first quarter. Goldman Sachs Group Inc. now owns 388,256 shares of the company’s stock worth $2,310,000 after acquiring an additional 99,402 shares during the period. CWM LLC grew its holdings in Under Armour by 126.9% during the second quarter. CWM LLC now owns 27,989 shares of the company’s stock worth $182,000 after acquiring an additional 15,652 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Under Armour in the second quarter worth $166,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Under Armour in the second quarter valued at $247,000. Institutional investors and hedge funds 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.