Dawn N. Fitzpatrick Acquires 100,000 Shares of Under Armour, Inc. (NYSE:UAA) Stock

Key Points

• Director Dawn N. Fitzpatrick acquired 100,000 shares of Under Armour at an average cost of $4.93 per share, increasing her total holdings to 133,696 shares valued at approximately $659,121.28.
• Under Armour reported a net margin of 1.99% and earnings per share of $0.02 for its latest quarter, falling short of analysts' expectations of $0.03.
• Institutional investors own 34.58% of Under Armour, with various firms showing significant changes in their holdings, including JPMorgan Chase raising its stake by 36.5%.

Under Armour, Inc. (NYSE:UAA - Get Free Report) Director Dawn N. Fitzpatrick purchased 100,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were purchased at an average cost of $4.93 per share, for a total transaction of $493,000.00. Following the completion of the transaction, the director directly owned 133,696 shares of the company's stock, valued at approximately $659,121.28. This represents a 296.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Under Armour Price Performance

Shares of UAA traded down $0.14 during mid-day trading on Thursday, reaching $4.93. The company had a trading volume of 20,801,690 shares, compared to its average volume of 13,535,000. The company's 50 day simple moving average is $6.68 and its 200 day simple moving average is $6.60. Under Armour, Inc. has a 1-year low of $4.78 and a 1-year high of $11.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.93 and a current ratio of 1.53. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 2.36 and a beta of 1.61.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The company's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. Analysts expect that Under Armour, Inc. will post 0.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UAA shares. Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a research report on Wednesday, May 14th. Robert W. Baird dropped their price objective on shares of Under Armour from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday. Telsey Advisory Group dropped their price objective on shares of Under Armour from $7.00 to $5.00 and set a "market perform" rating on the stock in a research report on Monday. Evercore ISI dropped their price objective on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 14th. Finally, Citigroup dropped their price objective on shares of Under Armour from $6.00 to $5.50 and set a "neutral" rating on the stock in a research report on Monday. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $6.74.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UAA. JPMorgan Chase & Co. raised its holdings in Under Armour by 36.5% during the 4th quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company's stock worth $4,591,000 after purchasing an additional 148,280 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Under Armour by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,890,105 shares of the company's stock worth $23,940,000 after buying an additional 9,024 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Under Armour by 183.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 35,689 shares of the company's stock worth $296,000 after buying an additional 23,111 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Under Armour during the 4th quarter worth approximately $439,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Under Armour by 10.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 127,071 shares of the company's stock worth $1,052,000 after buying an additional 11,624 shares during the period. Institutional investors own 34.58% 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.

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