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 Under Armour stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the transaction, the insider now owns 191,796 shares in the company, valued at $1,177,627.44. The trade was a 7.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Under Armour Stock Up 3.0%

Shares of NYSE UAA opened at $6.77 on Monday. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89. The firm has a market cap 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 quick ratio of 1.19 and a current ratio of 2.01. The stock’s 50-day simple moving average is $6.03 and its 200-day simple moving average is $7.31.

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

Analyst Upgrades and Downgrades

UAA has been the topic of several research reports. Truist Financial cut their price objective on Under Armour from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, May 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price objective on shares of Under Armour in a research report on Tuesday, May 13th. Stifel Nicolaus cut their price objective on Under Armour from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Wall Street Zen lowered Under Armour from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Finally, Robert W. Baird raised their price objective on Under Armour from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently 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 have recently bought and sold shares of the company. FMR LLC grew its stake in Under Armour by 193.2% in the fourth quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after purchasing an additional 18,658,128 shares in the last quarter. Vanguard Group Inc. grew its stake in Under Armour by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after purchasing an additional 263,988 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in Under Armour by 55.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after purchasing an additional 3,503,006 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Under Armour by 17.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,494,339 shares of the company’s stock worth $40,590,000 after purchasing an additional 965,404 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Under Armour by 36.2% in the first quarter. American Century Companies Inc. now owns 5,465,814 shares of the company’s stock worth $34,161,000 after purchasing an additional 1,452,143 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

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.