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 business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Under Armour Trading Up 3.0%

UAA stock traded up $0.20 during midday trading on Friday, reaching $6.77. The company's stock had a trading volume of 7,629,522 shares, compared to its average volume of 12,659,025. The business's 50-day simple moving average is $6.03 and its 200-day simple moving average is $7.34. The stock has a market cap of $2.91 billion, a PE ratio of -23.34 and a beta of 1.63. Under Armour, Inc. has a 52 week low of $4.78 and a 52 week 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.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. The company's revenue was down 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. As a group, sell-side analysts expect that Under Armour, Inc. will post 0.3 EPS for the current year.

Institutional Trading of Under Armour

A number of institutional investors have recently bought and sold shares of UAA. Rhumbline Advisers increased its position in Under Armour by 1.3% during the 1st quarter. Rhumbline Advisers now owns 501,147 shares of the company's stock worth $3,132,000 after purchasing an additional 6,607 shares in the last quarter. Strs Ohio bought a new position in shares of Under Armour during the first quarter valued at about $1,175,000. Belpointe Asset Management LLC bought a new position in shares of Under Armour during the first quarter valued at about $96,000. SCS Capital Management LLC purchased a new stake in Under Armour during the first quarter worth about $828,000. Finally, United Services Automobile Association purchased a new stake in Under Armour during the first quarter worth about $83,000. Institutional investors own 34.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UAA. Evercore ISI cut their price objective on Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a report on Wednesday, May 14th. Telsey Advisory Group reissued a "market perform" rating and set a $7.00 target price on shares of Under Armour in a research note on Tuesday, May 13th. Barclays reduced their target price on Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. BMO Capital Markets dropped their price target on Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 14th. Finally, KGI Securities initiated coverage on Under Armour in a report on Friday, March 7th. They issued a "neutral" rating and a $7.40 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Under Armour currently has an average rating of "Hold" and an average target price of $7.33.

About Under Armour

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.