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 business’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the transaction, the insider now owns 191,796 shares of the company’s stock, valued at $1,177,627.44. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Under Armour Stock Up 3.0%

Shares of NYSE:UAA opened at $6.77 on Friday. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89. The firm has a fifty day moving average of $6.03 and a 200 day moving average of $7.32. The firm has a market capitalization of $2.91 billion, a PE 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.

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

Institutional Trading of Under Armour

Several institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its position in Under Armour by 1.3% during the first quarter. Rhumbline Advisers now owns 501,147 shares of the company’s stock valued at $3,132,000 after buying an additional 6,607 shares during the period. Strs Ohio purchased a new stake in Under Armour during the first quarter valued at about $1,175,000. Belpointe Asset Management LLC purchased a new stake in Under Armour during the first quarter valued at about $96,000. SCS Capital Management LLC purchased a new stake in Under Armour during the first quarter valued at about $828,000. Finally, United Services Automobile Association purchased a new stake in Under Armour during the first quarter valued at about $83,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UAA. BMO Capital Markets reduced their price target on shares of Under Armour from $12.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday, May 14th. Stifel Nicolaus reduced their price target on shares of Under Armour from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. Barclays reduced their price target on shares of Under Armour from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th. Robert W. Baird boosted their price target on shares of Under Armour from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Finally, Truist Financial reduced their price target on shares of Under Armour from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.33.

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.