Under Armour, Inc. (NYSE:UAA) Insider Sells $100,002.18 in Stock

Under Armour, Inc. (NYSE:UAA) insider Mehri Shadman sold 16,287 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the sale, the insider now owns 191,796 shares of the company’s stock, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Under Armour Stock Performance

Shares of UAA stock opened at $6.77 on Friday. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -23.34 and a beta of 1.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The business has a fifty day moving average of $6.03 and a 200 day moving average of $7.34. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. As a group, research analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UAA. Stifel Nicolaus lowered their target price on Under Armour from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 14th. BMO Capital Markets lowered their target price on Under Armour from $12.00 to $9.00 and set an “outperform” rating for the company in a report on Wednesday, May 14th. Robert W. Baird upped their target price on Under Armour from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Telsey Advisory Group restated a “market perform” rating and set a $7.00 target price on shares of Under Armour in a report on Tuesday, May 13th. Finally, Truist Financial lowered their target price on Under Armour from $9.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.33.

Hedge Funds Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in Under Armour by 193.2% in the 4th quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after acquiring an additional 18,658,128 shares during the last quarter. Vanguard Group Inc. raised its stake in Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after acquiring an additional 263,988 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after acquiring an additional 3,503,006 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Under Armour by 17.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,494,339 shares of the company’s stock valued at $40,590,000 after buying an additional 965,404 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Under Armour by 36.2% during the 1st quarter. American Century Companies Inc. now owns 5,465,814 shares of the company’s stock valued at $34,161,000 after buying an additional 1,452,143 shares during the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.