Under Armour (NYSE:UAA) Hits New 52-Week Low - Here's Why

Key Points

• Under Armour's stock hit a new 52-week low at $4.75, showing a decline from its previous close of $4.84.
• Analysts have issued target price reductions, with Bank of America's target decreasing from $8.00 to $6.50 and Citigroup lowering theirs from $6.00 to $5.50, while the consensus target price stands at $6.70.
• Insider directors have significantly increased their holdings in Under Armour, purchasing 202,045 shares worth about $991,000 in the last quarter.

Under Armour, Inc. (NYSE:UAA - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $4.75 and last traded at $4.79, with a volume of 2276481 shares trading hands. The stock had previously closed at $4.84.

Wall Street Analysts Forecast Growth

UAA has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Under Armour in a research note on Wednesday, July 2nd. They set a "neutral" rating and a $7.00 target price for the company. Bank of America decreased their target price on shares of Under Armour from $8.00 to $6.50 and set a "neutral" rating for the company in a research note on Monday, August 11th. Citigroup decreased their target price on shares of Under Armour from $6.00 to $5.50 and set a "neutral" rating for the company in a research note on Monday, August 11th. JPMorgan Chase & Co. decreased their target price on shares of Under Armour from $6.00 to $5.00 and set an "underweight" rating for the company in a research note on Friday, August 8th. Finally, Rothschild Redb lowered shares of Under Armour from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Under Armour presently has an average rating of "Hold" and a consensus target price of $6.70.

Under Armour Price Performance

The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.03 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 4.02 and a beta of 1.67. The firm has a 50 day moving average price of $5.63 and a 200 day moving average price of $6.12.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). 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 analysts' expectations of $1.13 billion. During the same quarter in the previous year, the company posted $0.01 EPS. The company's quarterly revenue was down 4.2% on a year-over-year basis. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. Research analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in shares of Under Armour by 620.7% in the 2nd quarter. Parallel Advisors LLC now owns 3,892 shares of the company's stock valued at $27,000 after acquiring an additional 3,352 shares during the last quarter. Laurel Wealth Advisors LLC lifted its holdings in shares of Under Armour by 583.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,098 shares of the company's stock valued at $28,000 after acquiring an additional 3,498 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Under Armour by 133.8% in the 2nd quarter. UMB Bank n.a. now owns 4,203 shares of the company's stock valued at $29,000 after acquiring an additional 2,405 shares during the last quarter. Twin Tree Management LP bought a new position in shares of Under Armour in the 1st quarter valued at about $44,000. Finally, Neo Ivy Capital Management bought a new position in shares of Under Armour in the 2nd quarter valued at about $44,000. Institutional investors own 34.58% of the company's stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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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