Under Armour (NYSE:UAA) Trading Down 5.6%

Under Armour Inc (NYSE:UAA) was down 5.6% during mid-day trading on Friday . The stock traded as low as $17.84 and last traded at $17.92, approximately 5,264,111 shares were traded during mid-day trading. An increase of 8% from the average daily volume of 4,878,392 shares. The stock had previously closed at $18.98.

Several analysts have issued reports on UAA shares. Wells Fargo & Co upped their price target on shares of Under Armour from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, June 13th. ValuEngine downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, May 8th. JPMorgan Chase & Co. raised shares of Under Armour from a “neutral” rating to an “overweight” rating and upped their price target for the company from $23.00 to $29.00 in a report on Friday, May 17th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $25.00 price target (up previously from $22.00) on shares of Under Armour in a report on Thursday, July 25th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Under Armour has a consensus rating of “Hold” and a consensus price target of $24.47.

The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 0.58. The firm has a market cap of $8.22 billion, a PE ratio of 66.37, a P/E/G ratio of 2.03 and a beta of 0.51. The firm’s 50 day moving average is $23.54 and its 200-day moving average is $23.01.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, July 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. Under Armour had a net margin of 1.62% and a return on equity of 7.86%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. On average, analysts forecast that Under Armour Inc will post 0.34 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Under Armour by 4.0% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 9,920 shares of the company’s stock valued at $210,000 after buying an additional 379 shares during the period. Wealthstreet Investment Advisors LLC increased its position in Under Armour by 1.1% during the second quarter. Wealthstreet Investment Advisors LLC now owns 42,060 shares of the company’s stock worth $1,066,000 after purchasing an additional 470 shares during the last quarter. Piedmont Investment Advisors Inc. increased its position in Under Armour by 3.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 13,473 shares of the company’s stock worth $285,000 after purchasing an additional 498 shares during the last quarter. Prudential Financial Inc. increased its position in Under Armour by 0.3% during the second quarter. Prudential Financial Inc. now owns 171,558 shares of the company’s stock worth $4,349,000 after purchasing an additional 500 shares during the last quarter. Finally, Comerica Bank increased its position in Under Armour by 1.5% during the second quarter. Comerica Bank now owns 35,584 shares of the company’s stock worth $958,000 after purchasing an additional 526 shares during the last quarter. 36.33% of the stock is currently owned by institutional investors and hedge funds.

About Under Armour (NYSE:UAA)

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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