Under Armour (NYSE:UAA) Issues Quarterly Earnings Results

Under Armour (NYSE:UAA) announced its quarterly earnings data on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05, Zacks reports. Under Armour had a positive return on equity of 13.20% and a negative net margin of 0.27%. During the same quarter in the previous year, the company earned $0.19 EPS.

Under Armour Stock Down 7.3 %

NYSE UAA traded down $0.61 during trading hours on Thursday, reaching $7.64. 17,489,257 shares of the company’s stock traded hands, compared to its average volume of 9,851,567. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The firm has a 50-day simple moving average of $8.72 and a 200 day simple moving average of $8.45. The firm has a market cap of $3.30 billion, a PE ratio of -255.75 and a beta of 1.69.

Insiders Place Their Bets

In other news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the sale, the insider now directly owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UAA shares. Robert W. Baird lifted their price target on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Wells Fargo & Company upped their price objective on shares of Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $4.00 target price on shares of Under Armour in a research note on Friday, December 13th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Under Armour has an average rating of “Hold” and an average price target of $9.22.

Under Armour Company Profile

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.