Under Armour (NYSE:UA) Shares Down 4.3% – Should You Sell?

Under Armour, Inc. (NYSE:UA)’s stock price fell 4.3% on Tuesday . The stock traded as low as $5.01 and last traded at $5.0050. Approximately 1,575,167 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 3,697,676 shares. The stock had previously closed at $5.23.

Analyst Ratings Changes

Several research firms have recently issued reports on UA. Weiss Ratings upgraded Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, August 19th. Robert W. Baird set a $5.50 price target on shares of Under Armour in a research report on Wednesday, May 13th. One equities research 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, the stock presently has an average rating of “Sell” and a consensus target price of $5.50.

Under Armour Trading Down 1.1%

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 firm has a market capitalization of $2.13 billion, a P/E ratio of -4.31 and a beta of 1.59. The business has a 50 day moving average of $6.15 and a 200-day moving average of $6.12.

Under Armour (NYSE:UA) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates 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 related news, CFO Reza Taleghani bought 18,656 shares of Under Armour stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $5.37 per share, with a total value of $100,182.72. Following the purchase, the chief financial officer owned 87,621 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

Hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of Under Armour by 776.7% during the second quarter. California State Teachers Retirement System now owns 866,203 shares of the company’s stock worth $5,388,000 after buying an additional 767,397 shares during the period. Fund 1 Investments LLC acquired a new stake in Under Armour in the 2nd quarter valued at approximately $1,254,000. Western Wealth Management LLC acquired a new stake in Under Armour in the 1st quarter valued at approximately $26,000. Bank of America Corp DE lifted its stake in Under Armour by 103.7% in the 1st quarter. Bank of America Corp DE now owns 95,934 shares of the company’s stock valued at $555,000 after acquiring an additional 48,843 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Under Armour by 7.3% in the 1st 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 in the last quarter. 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.