Under Armour (NYSE:UA) Stock Price Down 5.7% – Time to Sell?

Under Armour, Inc. (NYSE:UA)’s share price was down 5.7% on Thursday . The company traded as low as $6.70 and last traded at $6.6750. 395,486 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 3,838,208 shares. The stock had previously closed at $7.08.

Wall Street Analysts Forecast Growth

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

Under Armour Stock Down 7.7%

The business has a 50-day moving average price of $5.93 and a 200-day moving average price of $6.10. The stock has a market cap of $2.79 billion, a PE ratio of -5.63 and a beta of 1.59. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Under Armour had a positive return on equity of 3.01% and a negative net margin of 9.98%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. 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 Buying and Selling

In related news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of the stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $4.97 per share, with a total value of $3,675,419.37. Following the completion of the purchase, the insider owned 44,179,116 shares of the company’s stock, valued at approximately $219,570,206.52. This represents a 1.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 1,178,344 shares of company stock worth $5,865,147 in the last quarter. Company insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UA. AQR Capital Management LLC raised its stake in Under Armour by 247.3% during the first 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 stake in shares of Under Armour by 34.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 388,256 shares of the company’s stock valued at $2,310,000 after buying an additional 99,402 shares during the period. Prudential Financial Inc. grew its stake in shares of Under Armour by 26.4% in the 2nd quarter. Prudential Financial Inc. now owns 19,560 shares of the company’s stock valued at $127,000 after buying an additional 4,083 shares during the period. Cerity Partners LLC purchased a new stake in shares of Under Armour in the 2nd quarter valued at approximately $65,000. Finally, Quantinno Capital Management LP increased its holdings in shares of Under Armour by 16.5% during the 2nd quarter. Quantinno Capital Management LP now owns 184,882 shares of the company’s stock worth $1,200,000 after buying an additional 26,217 shares during 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.