Under Armour (NYSE:UAA) Shares Down 6.1% – Time to Sell?

Under Armour, Inc. (NYSE:UAA) shares were down 6.1% during mid-day trading on Monday . The company traded as low as $5.69 and last traded at $5.7350. Approximately 1,465,084 shares traded hands during trading, a decline of 85% from the average session volume of 9,598,761 shares. The stock had previously closed at $6.11.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UAA. Telsey Advisory Group reduced their price target on shares of Under Armour from $6.00 to $5.50 and set a “market perform” rating on the stock in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. Barclays downgraded shares of Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research note on Tuesday. UBS Group set a $9.00 price target on shares of Under Armour and gave the stock a “buy” rating in a research report on Monday. Finally, Truist Financial increased their price target on Under Armour from $5.00 to $6.00 and gave the company a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $5.94.

Under Armour Trading Down 8.9%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.81. The business’s 50 day moving average price is $6.41 and its 200-day moving average price is $6.36. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -4.65, a price-to-earnings-growth ratio of 1.97 and a beta of 1.67.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%.The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030–0.010 EPS. Equities analysts expect that Under Armour, Inc. will post 0.11 EPS for the current year.

Institutional Investors Weigh In On Under Armour

A number of institutional investors have recently made changes to their positions in UAA. Fairfax Financial Holdings Ltd. Can raised its stake in Under Armour by 564.8% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 41,958,923 shares of the company’s stock worth $208,536,000 after acquiring an additional 35,647,123 shares during the period. Marshall Wace LLP grew its holdings in shares of Under Armour by 113.8% during the third quarter. Marshall Wace LLP now owns 6,296,543 shares of the company’s stock valued at $31,420,000 after purchasing an additional 3,351,976 shares during the last quarter. Whitebox Advisors LLC bought a new position in shares of Under Armour during the third quarter valued at approximately $11,237,000. Group One Trading LLC raised its position in shares of Under Armour by 378.3% during the 1st quarter. Group One Trading LLC now owns 1,568,227 shares of the company’s stock worth $9,268,000 after purchasing an additional 2,131,642 shares during the period. Finally, Deltroit Asset Management UK LLP acquired a new stake in shares of Under Armour during the 4th quarter worth approximately $9,909,000. 34.58% of the stock is currently owned by institutional investors.

Under Armour Company Profile

Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.

Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.