Under Armour (NYSE:UAA) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Under Armour (NYSE:UAA) from a hold rating to a sell rating in a report published on Friday.

A number of other research firms also recently issued reports on UAA. The Goldman Sachs Group started coverage on shares of Under Armour in a research note on Wednesday, July 2nd. They set a “neutral” rating and a $7.00 price target on the stock. Bank of America decreased their price target on shares of Under Armour from $8.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, August 11th. JPMorgan Chase & Co. reduced 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 note on Friday, August 8th. Telsey Advisory Group reduced their target price on shares of Under Armour from $7.00 to $5.00 and set a “market perform” rating on the stock in a research note on Monday, August 11th. Finally, Rothschild Redb downgraded 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 given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.70.

Under Armour Price Performance

Under Armour stock opened at $4.97 on Friday. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 4.18 and a beta of 1.67. The firm’s fifty day moving average is $5.55 and its 200 day moving average is $6.07. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. Under Armour has a 52-week low of $4.72 and a 52-week high of $11.89.

Under Armour (NYSE:UAA) last released 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). The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. Under Armour’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 EPS. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. Sell-side analysts forecast that Under Armour will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert John Sweeney bought 100,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was bought at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the purchase, the director directly owned 133,696 shares of the company’s stock, valued at approximately $652,436.48. This trade represents a 296.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dawn N. Fitzpatrick bought 100,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $4.93 per share, with a total value of $493,000.00. Following the completion of the purchase, the director directly owned 133,696 shares in the company, valued at $659,121.28. This represents a 296.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 202,045 shares of company stock valued at $991,000 over the last quarter. 15.60% of the stock is owned by company insiders.

Institutional Trading of Under Armour

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted 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 worth $27,000 after purchasing an additional 3,352 shares in the last quarter. Laurel Wealth Advisors LLC raised its position in Under Armour by 583.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,098 shares of the company’s stock worth $28,000 after buying an additional 3,498 shares during the last quarter. UMB Bank n.a. raised its position in Under Armour by 133.8% during the 2nd quarter. UMB Bank n.a. now owns 4,203 shares of the company’s stock worth $29,000 after buying an additional 2,405 shares during the last quarter. State of Wyoming purchased a new position in Under Armour during the 2nd quarter worth approximately $44,000. Finally, Neo Ivy Capital Management purchased a new position in Under Armour during the 2nd quarter worth approximately $44,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.