Under Armour, Inc. (NYSE:UAA) Short Interest Up 19.8% in August

Under Armour, Inc. (NYSE:UAA) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 12,870,000 shares, an increase of 19.8% from the August 15th total of 10,740,000 shares. Based on an average daily volume of 6,360,000 shares, the short-interest ratio is presently 2.0 days. Currently, 6.8% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered Under Armour from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $12.00 to $8.00 in a research note on Friday, June 23rd. TheStreet lowered Under Armour from a “c-” rating to a “d” rating in a research report on Tuesday, August 8th. Telsey Advisory Group decreased their price target on Under Armour from $10.00 to $9.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 9th. Finally, StockNews.com assumed coverage on Under Armour in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.21.

Under Armour Trading Down 3.0 %

Under Armour stock traded down $0.22 during mid-day trading on Monday, hitting $7.11. 4,773,615 shares of the company’s stock were exchanged, compared to its average volume of 7,032,366. The company’s 50 day simple moving average is $7.70 and its 200-day simple moving average is $8.05. Under Armour has a fifty-two week low of $6.38 and a fifty-two week high of $13.05. The firm has a market capitalization of $3.17 billion, a P/E ratio of 8.27, a PEG ratio of 1.26 and a beta of 1.62. The company has a quick ratio of 1.14, a current ratio of 2.04 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Under Armour had a return on equity of 13.59% and a net margin of 6.60%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. On average, equities analysts anticipate that Under Armour will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On Under Armour

Several hedge funds have recently modified their holdings of the stock. Toroso Investments LLC grew its holdings in shares of Under Armour by 7.3% in the 4th quarter. Toroso Investments LLC now owns 14,411 shares of the company’s stock valued at $146,000 after acquiring an additional 984 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Under Armour by 1.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 81,783 shares of the company’s stock valued at $831,000 after acquiring an additional 1,040 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Under Armour by 0.4% in the 4th quarter. Alliancebernstein L.P. now owns 298,009 shares of the company’s stock valued at $3,028,000 after acquiring an additional 1,084 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Under Armour by 2.7% in the 1st quarter. Arizona State Retirement System now owns 54,673 shares of the company’s stock valued at $519,000 after acquiring an additional 1,430 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Under Armour by 4.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 34,684 shares of the company’s stock worth $250,000 after purchasing an additional 1,594 shares during the period. Institutional investors own 38.45% of the company’s stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.