Under Armour (NYSE:UAA) Stock Price Up 6.6% – Time to Buy?

Under Armour, Inc. (NYSE:UAA) traded up 6.6% during trading on Tuesday . The stock traded as high as $7.68 and last traded at $7.6630. 5,493,145 shares were traded during mid-day trading, a decline of 59% from the average session volume of 13,373,720 shares. The stock had previously closed at $7.19.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup cut shares of Under Armour from a “neutral” rating to a “sell” rating and set a $6.20 price target on the stock. in a research report on Tuesday, February 10th. Argus raised Under Armour to a “hold” rating in a research report on Friday, January 16th. Wall Street Zen raised Under Armour from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Under Armour in a research note on Monday, December 29th. Finally, UBS Group reaffirmed a “buy” rating and issued a $11.00 price target on shares of Under Armour in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.94.

Under Armour Trading Down 2.1%

The stock has a 50-day moving average of $5.85 and a two-hundred day moving average of $5.21. The company has a market cap of $3.28 billion, a P/E ratio of -6.31, a price-to-earnings-growth ratio of 5.83 and a beta of 1.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.43.

Under Armour (NYSE:UAA) last released its earnings results on Friday, February 6th. The company reported $0.09 EPS for the quarter, topping 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 business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. Under Armour has set its FY 2026 guidance at 0.100-0.110 EPS. On average, equities research analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder V Prem Et Al Watsa bought 1,112,119 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was acquired at an average cost of $6.21 per share, with a total value of $6,906,258.99. Following the completion of the acquisition, the insider owned 43,000,872 shares of the company’s stock, valued at approximately $267,035,415.12. This represents a 2.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have bought 42,448,155 shares of company stock worth $219,067,338. Corporate insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL grew its holdings in Under Armour by 40.0% during the 4th quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock valued at $26,000 after purchasing an additional 1,476 shares during the last quarter. Vident Advisory LLC lifted its stake in Under Armour by 13.6% in the fourth quarter. Vident Advisory LLC now owns 12,651 shares of the company’s stock worth $63,000 after purchasing an additional 1,512 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of Under Armour by 11.3% during the second quarter. Panagora Asset Management Inc. now owns 23,973 shares of the company’s stock valued at $164,000 after buying an additional 2,440 shares during the period. HUB Investment Partners LLC grew its stake in shares of Under Armour by 12.9% during the second quarter. HUB Investment Partners LLC now owns 21,810 shares of the company’s stock valued at $149,000 after buying an additional 2,489 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Under Armour by 23.2% in the second quarter. M&T Bank Corp now owns 13,296 shares of the company’s stock worth $91,000 after buying an additional 2,504 shares during the period. Institutional investors own 34.58% of the company’s stock.

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.