Under Armour Inc (NYSE:UA) insider Kevin Eskridge sold 56,500 shares of Under Armour stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $17.69, for a total value of $999,485.00. Following the transaction, the insider now owns 196,374 shares of the company’s stock, valued at $3,473,856.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of NYSE UA opened at $16.50 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 0.58. Under Armour Inc has a 12 month low of $15.05 and a 12 month high of $24.55. The stock has a 50 day moving average of $21.75 and a 200-day moving average of $20.59. The company has a market capitalization of $7.98 billion, a P/E ratio of 61.11 and a beta of 0.96.
Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, July 30th. The company reported ($0.04) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). The business had revenue of $1.19 billion during the quarter. Under Armour had a return on equity of 7.83% and a net margin of 1.62%. Analysts predict that Under Armour Inc will post 0.35 EPS for the current fiscal year.
Several research analysts have recently commented on the company. Evercore ISI reiterated a “buy” rating and set a $33.00 target price on shares of Under Armour in a research note on Sunday, August 11th. Stifel Nicolaus set a $30.00 target price on Under Armour and gave the stock a “buy” rating in a research note on Friday, July 19th. Pivotal Research reiterated a “hold” rating and set a $25.00 target price on shares of Under Armour in a research note on Wednesday, July 24th. Piper Jaffray Companies set a $30.00 target price on Under Armour and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, ValuEngine downgraded Under Armour from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Under Armour has an average rating of “Hold” and a consensus price target of $22.91.
A number of large investors have recently added to or reduced their stakes in UA. FMR LLC lifted its holdings in Under Armour by 161.2% during the 4th quarter. FMR LLC now owns 4,528,755 shares of the company’s stock worth $73,230,000 after purchasing an additional 2,794,611 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Under Armour by 699.3% during the 2nd quarter. Wells Fargo & Company MN now owns 3,068,536 shares of the company’s stock worth $68,123,000 after purchasing an additional 2,684,657 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Under Armour by 4,061.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 933,960 shares of the company’s stock worth $20,734,000 after purchasing an additional 911,516 shares during the last quarter. CQS Cayman LP lifted its holdings in Under Armour by 148.1% during the 2nd quarter. CQS Cayman LP now owns 1,403,271 shares of the company’s stock worth $31,152,000 after purchasing an additional 837,740 shares during the last quarter. Finally, Echo Street Capital Management LLC acquired a new stake in Under Armour during the 2nd quarter worth approximately $17,149,000. 32.42% of the stock is owned by institutional investors and hedge funds.
Under Armour Company Profile
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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