Under Armour (NYSE:UAA) Announces Quarterly Earnings Results

Under Armour (NYSE:UAA) posted its quarterly earnings data on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05, Zacks reports. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.20%. During the same quarter in the prior year, the business posted $0.19 EPS.

Under Armour Price Performance

Shares of UAA traded down $0.61 during mid-day trading on Thursday, reaching $7.64. 17,489,257 shares of the stock traded hands, compared to its average volume of 9,851,567. The company has a market cap of $3.30 billion, a price-to-earnings ratio of -255.75 and a beta of 1.69. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89. The firm has a fifty day moving average price of $8.72 and a 200 day moving average price of $8.45. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30.

Analyst Upgrades and Downgrades

UAA has been the topic of several analyst reports. Barclays cut their price target on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Truist Financial upped their target price on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company boosted their price objective on Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research report on Thursday. Finally, Robert W. Baird increased their price target on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Under Armour currently has a consensus rating of “Hold” and an average target price of $9.22.

Insider Buying and Selling

In related news, CFO David Bergman sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of Under Armour stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the sale, the insider now directly owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,879 shares of company stock worth $508,642. Corporate insiders own 15.60% of the company’s stock.

Under Armour Company Profile

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.