Under Armour (NYSE:UA) Sets New 52-Week Low - Should You Sell?

Key Points

• Under Armour's stock reached a new 52-week low of $4.60, closing at $4.64 with significant trading volume of over 1.9 million shares.
• Weiss Ratings has reaffirmed a "sell (d+)" rating on Under Armour, which currently holds a consensus rating of "Sell" from analysts.
• Recent insider activity includes two directors purchasing a total of 200,000 shares at an average price around $4.90, indicating confidence from company leadership amid the declining stock price.

Under Armour, Inc. (NYSE:UA - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The stock traded as low as $4.60 and last traded at $4.64, with a volume of 1942682 shares. The stock had previously closed at $4.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Under Armour in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Under Armour presently has a consensus rating of "Sell".

Under Armour Trading Down 1.4%

The firm has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $5.70. The firm has a market capitalization of $1.99 billion, a P/E ratio of 21.11 and a beta of 1.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93.

Under Armour (NYSE:UA - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.36 billion. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS.

Insider Buying and Selling at Under Armour

In other news, Director Robert John Sweeney acquired 100,000 shares of Under Armour stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of $4.88 per share, with a total value of $488,000.00. Following the completion of the acquisition, the director owned 133,696 shares in the company, valued at approximately $652,436.48. This trade represents a 296.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dawn N. Fitzpatrick acquired 100,000 shares of Under Armour stock in a transaction on Wednesday, August 13th. The shares were purchased at an average cost of $4.93 per share, with a total value of $493,000.00. Following the completion of the acquisition, the director owned 133,696 shares of the company's stock, valued at $659,121.28. This trade represents a 296.77% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 202,045 shares of company stock valued at $991,000. 15.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

A number of large investors have recently made changes to their positions in the stock. Oak Thistle LLC bought a new position in shares of Under Armour in the third quarter worth $421,000. Osaic Holdings Inc. boosted its holdings in shares of Under Armour by 6.8% in the second quarter. Osaic Holdings Inc. now owns 35,932 shares of the company's stock worth $233,000 after acquiring an additional 2,295 shares during the period. Marex Group plc bought a new position in shares of Under Armour in the second quarter worth $130,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Under Armour by 16.4% in the second quarter. CANADA LIFE ASSURANCE Co now owns 87,395 shares of the company's stock worth $566,000 after acquiring an additional 12,338 shares during the period. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Under Armour in the second quarter worth $68,000. 36.35% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.