Under Armour (NYSE:UA) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Under Armour, Inc. (NYSE:UA)’s share price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $4.75 and traded as high as $4.89. Under Armour shares last traded at $4.8750, with a volume of 2,182,880 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Sell” and an average price target of $5.50.

Under Armour Stock Down 0.7%

The stock has a market cap of $2.08 billion, a P/E ratio of -4.21 and a beta of 1.53. The firm has a 50 day simple moving average of $4.75 and a 200-day simple moving average of $5.78. The company has a quick ratio of 0.96, a current ratio of 1.81 and a debt-to-equity ratio of 0.41.

Under Armour (NYSE:UA) last issued its earnings results on Friday, August 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. 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 Activity

In related news, CFO Reza Taleghani bought 18,656 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $5.37 per share, for a total transaction of $100,182.72. Following the purchase, the chief financial officer owned 87,621 shares in the company, valued at $470,524.77. This represents a 27.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Under Armour by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,518,415 shares of the company’s stock worth $66,688,000 after purchasing an additional 716,815 shares during the period. Corient Private Wealth LP bought a new stake in Under Armour in the 2nd quarter valued at $6,275,000. Bank of New York Mellon Corp boosted its stake in Under Armour by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 714,026 shares of the company’s stock valued at $4,134,000 after purchasing an additional 8,163 shares during the period. Principal Financial Group Inc. grew its holdings in Under Armour by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 581,690 shares of the company’s stock valued at $3,368,000 after buying an additional 17,601 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Under Armour by 211.6% in the 1st quarter. Quantinno Capital Management LP now owns 433,282 shares of the company’s stock valued at $2,509,000 after buying an additional 294,227 shares in the last quarter. 36.35% of the stock is currently owned by institutional investors and hedge funds.

About Under Armour

Under Armour, Inc is a global sports performance and lifestyle brand that develops, markets and distributes apparel, footwear and accessories. Its products are designed for athletes and active consumers and include performance shirts, shorts, outerwear, training gear, running shoes, athletic footwear and accessories such as bags and headwear.

Founded in 1996 by Kevin Plank, Under Armour built its early reputation with moisture-wicking performance apparel and has expanded its product offerings under technologies and collections including HeatGear and ColdGear.