Under Armour, Inc. (NYSE:UA – Get Free Report) gapped down prior to trading on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $5.88, but opened at $5.11. Under Armour shares last traded at $4.8140, with a volume of 2,193,977 shares changing hands.
The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Under Armour had a positive return on equity of 1.48% and a negative net margin of 10.44%.Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS.
Analyst Ratings Changes
Several equities research analysts have commented on UA shares. Citigroup lowered shares of Under Armour from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Zacks Research upgraded Under Armour to a “hold” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Under Armour in a report on Friday. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Sell”.
Institutional Investors Weigh In On Under Armour
Several hedge funds have recently added to or reduced their stakes in UA. International Assets Investment Management LLC raised its holdings in shares of Under Armour by 80.0% during the 1st quarter. International Assets Investment Management LLC now owns 4,500 shares of the company’s stock valued at $25,000 after buying an additional 2,000 shares in the last quarter. AlphaCore Capital LLC purchased a new position in Under Armour in the 3rd quarter worth $41,000. First Business Financial Services Inc. purchased a new position in Under Armour in the 3rd quarter worth $48,000. Summit Financial Strategies Inc. bought a new position in shares of Under Armour during the first quarter valued at about $58,000. Finally, Symmetry Peak Management LLC purchased a new position in shares of Under Armour in the fourth quarter worth about $48,000. Institutional investors own 36.35% of the company’s stock.
Under Armour Stock Performance
The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average price of $6.12 and a 200 day moving average price of $5.55. The stock has a market cap of $2.05 billion, a PE ratio of -3.95 and a beta of 1.65.
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.
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