Under Armour (NYSE:UA) Upgraded at Zacks Research

Zacks Research upgraded shares of Under Armour (NYSE:UA) to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Several other research analysts also recently commented on the stock. Citigroup downgraded shares of Under Armour from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Under Armour in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Under Armour Price Performance

Shares of Under Armour stock opened at $6.27 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.67 billion, a PE ratio of -5.14 and a beta of 1.68. The business’s 50-day moving average price is $6.44 and its 200-day moving average price is $5.22. Under Armour has a 12 month low of $3.95 and a 12 month high of $7.91.

Under Armour (NYSE:UA) last released its earnings results on Friday, February 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.11. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. 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 2026 guidance at 0.10-0.110 EPS.

Insiders Place Their Bets

In related news, major shareholder V Prem Et Al Watsa acquired 1,112,119 shares of the stock in a transaction on Wednesday, January 28th. The stock was purchased at an average price of $6.21 per share, for a total transaction of $6,906,258.99. Following the completion of the transaction, the insider owned 43,000,872 shares of the company’s stock, valued at $267,035,415.12. This trade represents a 2.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased a total of 42,448,155 shares of company stock valued at $219,067,338 in the last ninety days. Insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in Under Armour by 247.3% during the 1st quarter. AQR Capital Management LLC now owns 98,632 shares of the company’s stock valued at $587,000 after buying an additional 70,231 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Under Armour by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 388,256 shares of the company’s stock valued at $2,310,000 after acquiring an additional 99,402 shares during the period. Bank of Montreal Can raised its stake in shares of Under Armour by 6.4% during the second quarter. Bank of Montreal Can now owns 78,027 shares of the company’s stock valued at $506,000 after acquiring an additional 4,682 shares during the last quarter. Savant Capital LLC bought a new position in shares of Under Armour during the second quarter valued at about $136,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Under Armour by 40.9% during the second quarter. PNC Financial Services Group Inc. now owns 19,479 shares of the company’s stock worth $126,000 after purchasing an additional 5,655 shares during the period. 36.35% of the stock is currently owned by institutional investors.

Under Armour Company Profile

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.