In yesterday’s Wall Street session, Under Armour Inc (NYSE:UAA) shares traded at $7.23, unchanged from the previous session.
UAA stock price is now -10.22% away from the 50-day moving average and -6.30% away from the 200-day moving average. The market capitalization of the company currently stands at $3.15B.
On March 14, 2024, Evercore ISI Downgraded its previous ‘In-line’ rating to ‘Underperform’ on the stock reducing its target price from $8 to quote $7, while ‘Truist’ rates the stock as ‘Hold’
In other news, Plank Kevin A, Exec. Chair & Brand Chief sold 16,000,000 shares of the company’s stock on May 31 ’23. The stock was sold for $98,080,000 at an average price of $6.13. Upon completion of the transaction, the Exec. Chair & Brand Chief now directly owns 0 shares in the company, valued at $0.0. A total of 56.72% of the company’s stock is owned by insiders.
During the past 12 months, Under Armour Inc has had a low of $6.29 and a high of $9.59. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 2.13, and a quick ratio of 1.38. According to the stock market information, the enterprise value for the company is $3.52B, which is based on a 8.12 price-to-earnings ratio, a 0.96 price-to-earnings-growth ratio, and a beta of 1.67. The fifty day moving average price for UAA is $8.05 and a two-hundred day moving average price translates $7.72 for the stock.
The latest earnings results from Under Armour Inc (NYSE: UAA) was released for Dec, 2023. According to the Apparel Manufacturing Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.11 by 0.08. This compares to $0.27 EPS in the same period last year. The net profit margin was 7.00% and return on equity was 20.12% for UAA. The company reported revenue of $1.49 billion for the quarter, compared to $1.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.05 percent. For the current quarter, analysts expect UAA to generate $1.33B in revenue.
