Under Armour (NYSE:UA) Shares Down 4.9% – Here’s Why

Under Armour, Inc. (NYSE:UA)’s share price dropped 4.9% during mid-day trading on Friday . The stock traded as low as $5.66 and last traded at $5.5150. Approximately 641,634 shares changed hands during trading, a decline of 91% from the average daily volume of 7,124,560 shares. The stock had previously closed at $5.80.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Under Armour in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Under Armour Stock Down 6.3%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.10 and a current ratio of 1.69. The stock has a fifty day moving average price of $4.45 and a two-hundred day moving average price of $5.10. The firm has a market capitalization of $2.33 billion, a P/E ratio of -25.83 and a beta of 1.73.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Under Armour had a negative net margin of 1.74% and a positive return on equity of 1.27%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Under Armour has set its FY 2026 guidance at 0.030-0.050 EPS.

Insider Activity at Under Armour

In related news, major shareholder V Prem Et Al Watsa bought 13,182,469 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were bought at an average cost of $5.12 per share, for a total transaction of $67,494,241.28. Following the completion of the purchase, the insider owned 41,958,923 shares of the company’s stock, valued at $214,829,685.76. This represents a 45.81% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 28,864,433 shares of company stock worth $138,511,963 over the last three months. 15.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

Several hedge funds have recently modified their holdings of the company. Laurel Wealth Advisors LLC boosted its holdings in shares of Under Armour by 549.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company’s stock worth $25,000 after buying an additional 3,316 shares during the period. UMB Bank n.a. lifted its holdings in shares of Under Armour by 361.9% during the 2nd quarter. UMB Bank n.a. now owns 4,102 shares of the company’s stock valued at $27,000 after buying an additional 3,214 shares during the last quarter. AlphaCore Capital LLC acquired a new position in shares of Under Armour during the 3rd quarter worth $41,000. First Business Financial Services Inc. acquired a new position in Under Armour during the third quarter worth $48,000. Finally, Keel Point LLC bought a new position in shares of Under Armour in the 3rd quarter valued at approximately $52,000. 36.35% of the stock is currently owned by institutional investors and hedge funds.

About Under Armour

Under Armour, Inc is a global designer, marketer and distributor of branded performance apparel, footwear and accessories. The company’s product portfolio spans a wide range of athletic categories, including running, training, basketball, outdoor and golf, with specialized lines for men, women and youth. Under Armour emphasizes innovative fabrics and technologies designed to enhance athletic performance, such as moisture-wicking HeatGear®, cold-weather ColdGear® and UV-protective UA Tech™ materials.

The company was founded in 1996 by former University of Maryland football captain Kevin Plank, who sought to create a superior moisture-wicking T-shirt to keep athletes cool and dry.