Under Armour (NYSE:UA) Stock Jumps 0.1% - Here's What Happened

Key Points

• Under Armour shares rose 0.1% to $4.7850, with trading volume down 32% from the stock’s average daily volume.
• Analysts remain bearish: the stock has a consensus “Sell” rating from three analysts, with a price target of $5.50. Weiss Ratings marginally improved its rating from “sell (d-)” to “sell (d).”
• The company beat quarterly EPS estimates, reporting $0.05 versus expectations of $0.02, while revenue of $1.10 billion fell slightly short of estimates. CFO Reza Taleghani also bought 18,656 shares, increasing his ownership by 27.05%.

Under Armour, Inc. (NYSE:UA - Get Free Report)'s stock price was up 0.1% during trading on Monday. The company traded as high as $4.84 and last traded at $4.7850. 1,953,077 shares traded hands during trading, a decline of 32% from the average daily volume of 2,877,770 shares. The stock had previously closed at $4.78.

Wall Street Analysts Forecast Growth

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 research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Under Armour has a consensus rating of "Sell" and a consensus price target of $5.50.

Under Armour Price Performance

The stock has a market cap of $2.06 billion, a P/E ratio of -4.16 and a beta of 1.53. The company has a 50 day simple moving average of $4.99 and a 200 day simple moving average of $5.64. The company has a current ratio of 1.81, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41.

Under Armour (NYSE:UA - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share 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 firm 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 Buying and Selling

In other Under Armour news, CFO Reza Taleghani bought 18,656 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $5.37 per share, with a total value of $100,182.72. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 15.60% of the company's stock.

Institutional Investors Weigh In On Under Armour

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its holdings in shares of Under Armour by 80.0% in the 1st quarter. International Assets Investment Management LLC now owns 4,500 shares of the company's stock valued at $25,000 after acquiring an additional 2,000 shares in the last quarter. Western Wealth Management LLC bought a new stake in Under Armour during the first quarter worth about $26,000. Versant Capital Management Inc raised its holdings in Under Armour by 150.2% during the third quarter. Versant Capital Management Inc now owns 5,869 shares of the company's stock worth $26,000 after acquiring an additional 3,523 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Under Armour during the second quarter valued at approximately $39,000. Finally, Summit Financial Strategies Inc. acquired a new position in Under Armour during the first quarter valued at approximately $58,000. 36.35% of the stock is owned by institutional investors.

About Under Armour

Under Armour, Inc is a sports performance apparel, footwear and accessories company headquartered in Baltimore, Maryland. The company develops products designed for athletes and active consumers, including performance shirts, shorts, outerwear, shoes, training gear and accessories.

Founded in 1996 by Kevin Plank, Under Armour initially became known for moisture-wicking athletic apparel intended to help athletes stay cool and dry. Its product portfolio includes technologies and product lines such as HeatGear, ColdGear and UA HOVR footwear, along with sportswear and lifestyle products sold under the Under Armour brand.

Under Armour distributes its products through wholesale partners, its own retail stores and digital commerce channels.

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