Under Armour (NYSE:UA) Trading Down 6.5% – Here’s Why

Under Armour, Inc. (NYSE:UA)’s stock price dropped 6.5% during mid-day trading on Monday . The stock traded as low as $5.58 and last traded at $5.5450. 674,471 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 3,764,474 shares. The stock had previously closed at $5.93.

Analyst Ratings Changes

A number of research firms have recently issued reports on UA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Under Armour in a research report on Wednesday, August 5th. Robert W. Baird set a $5.50 target price on Under Armour in a report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Sell” and an average target price of $5.50.

Under Armour Stock Performance

The company’s fifty day simple moving average is $6.25 and its two-hundred day simple moving average is $6.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.81. The stock has a market capitalization of $2.22 billion, a P/E ratio of -4.53 and a beta of 1.59.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UA. Western Wealth Management LLC bought a new position in Under Armour during the 1st quarter worth $26,000. Bank of America Corp DE grew its stake in shares of Under Armour by 103.7% in the first 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. Royal Bank of Canada grew its stake in shares of Under Armour by 7.3% in the first 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. Quantinno Capital Management LP increased its position in Under Armour by 211.6% during the first quarter. Quantinno Capital Management LP now owns 433,282 shares of the company’s stock worth $2,509,000 after acquiring an additional 294,227 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Under Armour by 10.5% during the first quarter. Public Employees Retirement System of Ohio now owns 62,104 shares of the company’s stock worth $360,000 after acquiring an additional 5,887 shares during the period. 36.35% of the stock is owned by institutional investors and hedge funds.

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.