Mehri Shadman Sells 16,287 Shares of Under Armour, Inc. (NYSE:UAA) Stock

Under Armour, Inc. (NYSE:UAA - Get Free Report) insider Mehri Shadman sold 16,287 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the transaction, the insider now directly owns 191,796 shares of the company's stock, valued at approximately $1,177,627.44. The trade was a 7.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Under Armour Trading Up 0.4%

Shares of Under Armour stock traded up $0.03 during mid-day trading on Monday, hitting $6.77. The stock had a trading volume of 6,626,113 shares, compared to its average volume of 12,662,758. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.91 billion, a P/E ratio of -23.34 and a beta of 1.63. The firm has a 50-day moving average of $6.04 and a two-hundred day moving average of $7.29.

Under Armour (NYSE:UAA - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. Under Armour's revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. Sell-side analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Institutional Trading of Under Armour

A number of institutional investors have recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA purchased a new position in shares of Under Armour during the 4th quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Under Armour in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. acquired a new position in Under Armour in the fourth quarter valued at $40,000. Twin Tree Management LP purchased a new stake in shares of Under Armour during the 1st quarter worth about $44,000. Finally, Harbour Investments Inc. lifted its position in Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company's stock valued at $51,000 after buying an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 34.58% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Under Armour from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Wells Fargo & Company upped their price objective on shares of Under Armour from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. UBS Group lifted their target price on shares of Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Stifel Nicolaus reduced their target price on Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Finally, KGI Securities assumed coverage on Under Armour in a research report on Friday, March 7th. They set a "neutral" rating and a $7.40 price target for the company. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Under Armour has an average rating of "Hold" and an average price target 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.