Under Armour (NYSE:UAA) Shares Gap Up After Insider Buying Activity

Key Points

• Under Armour shares gapped up from $4.92 to $5.18 following insider buying activity, with Director Dawn N. Fitzpatrick purchasing 100,000 shares valued at $493,000.
• Wall Street analysts have mixed views, with target prices ranging from $6.00 to $9.00 and an average rating of "Hold" for the stock.
• The company's recent earnings report showed a net margin of 1.99% and a slight revenue decline of 4.2% year-over-year, missing EPS estimates by $0.01.

Under Armour, Inc. (NYSE:UAA - Get Free Report) shares gapped up before the market opened on Friday following insider buying activity. The stock had previously closed at $4.92, but opened at $5.18. Under Armour shares last traded at $5.17, with a volume of 5,652,944 shares changing hands.

Specifically, Director Dawn N. Fitzpatrick bought 100,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were purchased at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the transaction, the director directly owned 133,696 shares in the company, valued at approximately $659,121.28. This trade represents a 296.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Under Armour from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Friday, August 8th. Barclays decreased their target price on shares of Under Armour from $8.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Citigroup decreased their target price on shares of Under Armour from $6.00 to $5.50 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Bank of America decreased their target price on shares of Under Armour from $8.00 to $6.50 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Under Armour from a "sell" rating to a "hold" rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $6.74.

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 firm has a market cap of $2.20 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.61. The company's 50-day moving average is $6.58 and its 200-day moving average is $6.52.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The business's revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 EPS. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. Equities research analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Under Armour

Several institutional investors and hedge funds have recently added to or reduced their stakes in UAA. Parallel Advisors LLC lifted its stake in 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 purchasing an additional 3,352 shares during the last quarter. Laurel Wealth Advisors LLC lifted its stake in 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 purchasing an additional 3,498 shares during the last quarter. UMB Bank n.a. lifted its stake in 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 purchasing an additional 2,405 shares during the last quarter. Twin Tree Management LP bought a new position in Under Armour in the 1st quarter valued at approximately $44,000. Finally, Neo Ivy Capital Management bought a new position in Under Armour in the 2nd quarter valued at approximately $44,000. Institutional investors own 34.58% of the company's stock.

Under Armour Company Profile

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.