Under Armour (NYSE:UA) Trading Down 6.4%

Under Armour, Inc. (NYSE:UA) shares dropped 6.4% during trading on Tuesday . The company traded as low as $6.68 and last traded at $6.72. Approximately 1,160,916 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 3,100,651 shares. The stock had previously closed at $7.18.

Analyst Ratings Changes

Separately, Stifel Nicolaus reduced their target price on Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, June 24th.

Under Armour Price Performance

The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $7.09 and a two-hundred day moving average price of $6.96. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 12.22 and a beta of 1.64.

Under Armour (NYSE:UA) last posted its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.10. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The firm had revenue of $1.18 billion for the quarter. As a group, research analysts forecast that Under Armour, Inc. will post 0.2 EPS for the current year.

Hedge Funds Weigh In On Under Armour

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TFO Wealth Partners LLC boosted its stake in shares of Under Armour by 529,600.0% during the 4th quarter. TFO Wealth Partners LLC now owns 5,297 shares of the company’s stock worth $44,000 after acquiring an additional 5,296 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Under Armour during the 4th quarter worth $50,000. Headlands Technologies LLC boosted its stake in shares of Under Armour by 24,302.4% during the 1st quarter. Headlands Technologies LLC now owns 10,249 shares of the company’s stock worth $73,000 after acquiring an additional 10,207 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Under Armour during the 1st quarter worth $78,000. Finally, CWM LLC boosted its stake in shares of Under Armour by 31.1% during the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock worth $82,000 after acquiring an additional 2,995 shares in the last quarter. 36.35% of the stock is owned by institutional investors.

Under Armour Company Profile

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.