Under Armour (NYSE:UA) Sets New 12-Month Low – What’s Next?

Shares of Under Armour, Inc. (NYSE:UA) reached a new 52-week low during trading on Friday . The stock traded as low as $5.93 and last traded at $6.02, with a volume of 2209099 shares traded. The stock had previously closed at $6.06.

Under Armour Price Performance

The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of -20.74 and a beta of 1.60. The company has a fifty day simple moving average of $6.71 and a two-hundred day simple moving average of $7.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01.

Under Armour (NYSE:UA) last released its earnings results on Thursday, February 13th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period last year, the company earned $0.25 earnings per share.

Institutional Investors Weigh In On Under Armour

Institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Under Armour in the 4th quarter valued at $18,688,000. Boston Partners raised its position in shares of Under Armour by 1,317.3% in the 4th quarter. Boston Partners now owns 1,722,420 shares of the company’s stock worth $12,852,000 after buying an additional 1,600,893 shares during the period. American Century Companies Inc. grew its position in Under Armour by 182.3% during the fourth quarter. American Century Companies Inc. now owns 2,250,631 shares of the company’s stock valued at $16,790,000 after acquiring an additional 1,453,399 shares during the period. Bank of America Corp DE increased its stake in Under Armour by 617.4% during the fourth quarter. Bank of America Corp DE now owns 1,555,160 shares of the company’s stock worth $11,601,000 after acquiring an additional 1,338,376 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Under Armour by 1,477.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,374,220 shares of the company’s stock worth $10,245,000 after purchasing an additional 1,287,088 shares during the period. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

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.