The stock of Under Armour Inc. (NYSE:UAA) last traded at $9.46, up 4.30% from the previous session.
UAA stock price is now 21.01% away from the 50-day moving average and -15.79% away from the 200-day moving average. The market capitalization of the company currently stands at $3.96B.
On October 21, 2022, Telsey Advisory Group Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $12 to quote $8, while ‘Raymond James’ rates the stock as ‘Mkt Perform’.
In other news, Gibbs David W, Director bought 25,000 shares of the company’s stock on May 31. The stock was bought for $240,085 at an average price of $9.60. Upon completion of the transaction, the Director now directly owns 50,000 shares in the company, valued at $0.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 27, Director Gibbs David W bought 25,000 shares of the business’s stock. A total of $234,732 was incurred on buying the stock at an average price of $9.39. This leaves the insider owning 25,000 shares of the company worth $0.24 million. Insiders disposed of 4,150 shares of company stock worth roughly $39259.0 over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UAA stock. A new stake in Under Armour Inc. shares was purchased by VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $25,763,000. HARVEY PARTNERS, LLC invested $16,082,000 in shares of UAA during the first quarter. In the first quarter, OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in Under Armour Inc. valued at approximately $7,821,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in UAA for approximately $7,734,000. ALPHA PARADIGM PARTNERS, LLC purchased a new stake in UAA valued at around $6,032,000 in the second quarter. In total, there are 552 active investors with 81.40% ownership of the company’s stock.
During the past 12 months, Under Armour Inc. has had a low of $6.38 and a high of $27.08. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 2.10, and a quick ratio of 1.40. The fifty day moving average price for UAA is $7.83 and a two-hundred day moving average price translates $11.18 for the stock.
The latest earnings results from Under Armour Inc. (NYSE: UAA) was released for Jun, 2022. According to the Apparel Manufacturing Company, earnings per share came in at $0.03, inline with analysts’ expectations of $0.03. This compares to $0.24 EPS in the same period last year. The net profit margin was 2.50% and return on equity was 7.90% for UAA. The company reported revenue of $1.57 billion for the quarter, compared to $1.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.83 percent. For the current quarter, analysts expect UAA to generate $1.55B in revenue.
Under Armour Inc.(UAA) Company Profile
Under Armour, Inc., together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications. In addition, the company offers accessories, which include gloves, bags, headwear, and sports masks; and digital subscription and advertising services under the MapMyRun and MapMyRide platforms. It primarily offers its products under the UNDER ARMOUR, UA, HEATGEAR, COLDGEAR, HOVR, PROTECT THIS HOUSE, I WILL, UA Logo, ARMOUR FLEECE, and ARMOUR BRA brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of 422 brand and factory house stores, as well as through e-commerce websites. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. Under Armour, Inc. was incorporated in 1996 and is headquartered in Baltimore, Maryland.