Under Armour (NYSE:UAA) Shares Gap Down on Analyst Downgrade

Under Armour, Inc. (NYSE:UAAGet Free Report) gapped down before the market opened on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $6.06, but opened at $5.18. Under Armour shares last traded at $4.9550, with a volume of 6,926,978 shares changing hands.

A number of other equities research analysts have also recently commented on UAA. Wall Street Zen upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Citigroup reiterated a “sell” rating and set a $4.75 price target (down from $6.20) on shares of Under Armour in a report on Wednesday. Robert W. Baird set a $8.00 price target on Under Armour in a report on Monday, February 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Under Armour in a report on Friday, April 24th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $6.00 price target on shares of Under Armour in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Under Armour currently has an average rating of “Reduce” and an average price target of $5.91.

View Our Latest Report on Under Armour

Key Headlines Impacting Under Armour

Here are the key news stories impacting Under Armour this week:

Institutional Investors Weigh In On Under Armour

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Uhlmann Price Securities LLC purchased a new stake in Under Armour in the third quarter worth approximately $46,000. Blair William & Co. IL raised its position in Under Armour by 40.0% in the fourth quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock worth $26,000 after acquiring an additional 1,476 shares during the period. State of Wyoming bought a new position in Under Armour in the second quarter worth approximately $44,000. Hantz Financial Services Inc. raised its position in Under Armour by 202.7% in the fourth quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock worth $42,000 after acquiring an additional 5,662 shares during the period. Finally, LRI Investments LLC bought a new position in Under Armour in the third quarter worth approximately $50,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Stock Down 0.5%

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 0.92. The firm has a market capitalization of $2.17 billion, a P/E ratio of -4.38, a P/E/G ratio of 2.00 and a beta of 1.73. The company’s 50-day simple moving average is $6.20 and its two-hundred day simple moving average is $5.73.

Under Armour (NYSE:UAAGet Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). Under Armour had a negative net margin of 9.98% and a positive return on equity of 3.01%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned ($0.08) earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q1 2027 guidance at 0.000-0.020 EPS. As a group, research analysts expect that Under Armour, Inc. will post 0.22 earnings per share for the current year.

Under Armour Company Profile

(Get Free Report)

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.

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