Under Armour (NYSE:UA) Issues Earnings Results

Key Points

• Under Armour reported quarterly earnings of $0.02 per share, matching analysts' expectations, but fell short on revenue with $1.13 billion against a forecast of $1.36 billion.
• Following the earnings announcement, Under Armour shares declined by 17.2% to $5.19, amidst increased trading volume.
• Institutional investor AQR Capital Management significantly increased its stake in Under Armour by 247.3% during the first quarter, indicating growing interest among hedge funds.

Under Armour (NYSE:UA - Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02, Zacks reports. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.36 billion. Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%. Under Armour updated its Q2 2026 guidance to 0.010-0.020 EPS.

Under Armour Trading Down 17.2%

Shares of UA traded down $1.08 during midday trading on Friday, reaching $5.19. The company had a trading volume of 21,836,869 shares, compared to its average volume of 3,709,311. Under Armour has a 1-year low of $4.62 and a 1-year high of $10.62. The company has a quick ratio of 1.25, a current ratio of 2.10 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $6.45 and a 200-day simple moving average of $6.29. The stock has a market cap of $2.21 billion, a PE ratio of -11.04 and a beta of 1.54.

Insider Buying and Selling at Under Armour

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the transaction, the insider owned 191,796 shares of the company's stock, valued at $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 15.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Under Armour

An institutional investor recently raised its position in Under Armour stock. AQR Capital Management LLC lifted its stake in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 247.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 98,632 shares of the company's stock after buying an additional 70,231 shares during the quarter. AQR Capital Management LLC's holdings in Under Armour were worth $587,000 at the end of the most recent reporting period. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

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