Mehri Shadman Sells 16,287 Shares of Under Armour, Inc. (NYSE:UAA) Stock

Under Armour, Inc. (NYSE:UAA) insider Mehri Shadman sold 16,287 shares of Under Armour stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the transaction, the insider now owns 191,796 shares of the company’s stock, valued at $1,177,627.44. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Under Armour Trading Up 3.0%

NYSE:UAA opened at $6.77 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $2.91 billion, a PE ratio of -23.34 and a beta of 1.63. The firm’s 50 day moving average is $6.03 and its 200 day moving average is $7.32. Under Armour, Inc. has a 12 month low of $4.78 and a 12 month high of $11.89.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. Sell-side analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently bought and sold shares of UAA. KBC Group NV raised its holdings in Under Armour by 27.5% during the 4th quarter. KBC Group NV now owns 13,588 shares of the company’s stock valued at $113,000 after acquiring an additional 2,929 shares during the period. Caprock Group LLC raised its holdings in Under Armour by 29.1% during the 4th quarter. Caprock Group LLC now owns 15,295 shares of the company’s stock valued at $127,000 after acquiring an additional 3,448 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Under Armour during the 4th quarter valued at $27,000. Bleakley Financial Group LLC raised its holdings in Under Armour by 20.0% during the 4th quarter. Bleakley Financial Group LLC now owns 51,852 shares of the company’s stock valued at $429,000 after acquiring an additional 8,627 shares during the period. Finally, Empowered Funds LLC bought a new stake in Under Armour during the 4th quarter valued at $412,000. Institutional investors own 34.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on UAA shares. Barclays dropped their target price on shares of Under Armour from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Wall Street Zen cut shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. KGI Securities started coverage on shares of Under Armour in a research report on Friday, March 7th. They set a “neutral” rating and a $7.40 target price on the stock. Bank of America dropped their target price on shares of Under Armour from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 14th. Finally, Citigroup dropped their target price on shares of Under Armour from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.33.

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.