Under Armour (NYSE:UAA) Shares Up 4.7% - Time to Buy?

Key Points

• Under Armour shares rose 4.7% to $5.00, although trading volume decreased by 61% compared to the average.
• Analysts have mixed ratings on Under Armour, with an average target price of $6.70; most analysts rated it a "Hold".
• Insider activity shows significant purchases, with directors acquiring shares at approximately $4.93 and $4.88, indicating confidence in the company's future.

Under Armour, Inc. (NYSE:UAA - Get Free Report) shares traded up 4.7% during trading on Friday . The company traded as high as $5.01 and last traded at $5.00. 5,052,153 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 13,115,893 shares. The stock had previously closed at $4.77.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Under Armour in a research report on Wednesday, July 2nd. They issued a "neutral" rating and a $7.00 price objective for the company. Cfra Research raised shares of Under Armour from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, August 12th. Rothschild Redb lowered shares of Under Armour from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Telsey Advisory Group reduced their price objective on shares of Under Armour from $7.00 to $5.00 and set a "market perform" rating for the company in a research note on Monday, August 11th. Finally, Bank of America reduced their price objective 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. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Under Armour has an average rating of "Hold" and a consensus target price of $6.70.

Under Armour Stock Performance

The stock has a market capitalization of $2.13 billion, a P/E ratio of 22.57, a PEG ratio of 4.07 and a beta of 1.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.93 and a current ratio of 1.53. The company's fifty day simple moving average is $5.58 and its two-hundred day simple moving average is $6.10.

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

Insider Activity at Under Armour

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

Institutional Trading of Under Armour

A number of hedge funds have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Under Armour by 17.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,997,850 shares of the company's stock worth $24,987,000 after purchasing an additional 586,183 shares during the period. American Century Companies Inc. increased its stake in Under Armour by 36.2% in the first quarter. American Century Companies Inc. now owns 5,465,814 shares of the company's stock valued at $34,161,000 after purchasing an additional 1,452,143 shares in the last quarter. SCS Capital Management LLC bought a new stake in Under Armour in the first quarter valued at $828,000. GDS Wealth Management bought a new stake in Under Armour in the first quarter valued at $315,000. Finally, ABC Arbitrage SA bought a new stake in shares of Under Armour during the first quarter worth about $3,233,000. Institutional investors and hedge funds 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.

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.