Dawn N. Fitzpatrick Purchases 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 that occurred on Wednesday, August 13th. The stock was bought at an average price of $4.93 per share, with a total value of $493,000.00. Following the transaction, the director owned 133,696 shares of the company's stock, valued at $659,121.28. This represents a 296.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Under Armour Price Performance

Shares of NYSE:UAA traded up $0.03 during trading on Tuesday, reaching $5.20. The stock had a trading volume of 4,830,015 shares, compared to its average volume of 13,200,643. The business has a fifty day moving average price of $6.62 and a 200-day moving average price of $6.53. 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 stock has a market cap of $2.23 billion, a PE ratio of 23.66, a PEG ratio of 2.41 and a beta of 1.61. Under Armour, Inc. has a 1-year low of $4.78 and a 1-year high of $11.89.

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

Institutional Investors Weigh In On Under Armour

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC grew its stake in shares of Under Armour by 620.7% in the second quarter. Parallel Advisors LLC now owns 3,892 shares of the company's stock worth $27,000 after acquiring an additional 3,352 shares in the last quarter. Laurel Wealth Advisors LLC lifted its stake in Under Armour by 583.0% in the second quarter. Laurel Wealth Advisors LLC now owns 4,098 shares of the company's stock worth $28,000 after acquiring an additional 3,498 shares during the last quarter. UMB Bank n.a. grew its holdings in Under Armour by 133.8% during the 2nd quarter. UMB Bank n.a. now owns 4,203 shares of the company's stock worth $29,000 after acquiring an additional 2,405 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Under Armour in the 2nd quarter valued at $44,000. Finally, GAMMA Investing LLC raised its stake in Under Armour by 163.3% in the second quarter. GAMMA Investing LLC now owns 7,013 shares of the company's stock valued at $48,000 after buying an additional 4,350 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UAA has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Under Armour from a "sell" rating to a "hold" rating in a research report on Saturday. Cfra Research upgraded Under Armour from a "moderate sell" rating to a "hold" rating in a report on Tuesday, August 12th. Citigroup reiterated a "neutral" rating and issued a $5.50 target price (down from $6.00) on shares of Under Armour in a report on Monday, August 11th. Telsey Advisory Group cut their price target on Under Armour from $7.00 to $5.00 and set a "market perform" rating on the stock in a research note on Monday, August 11th. Finally, Bank of America decreased their price objective on Under Armour from $8.00 to $6.50 and set a "neutral" rating for the company in a report on Monday, August 11th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.74.

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.