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

Key Points

• Director Dawn N. Fitzpatrick of Under Armour purchased 100,000 shares of the company's stock for a total of $493,000, increasing her ownership by 296.77%.
• Under Armour reported $1.13 billion in revenue for the last quarter, falling short of analysts' expectations of $1.36 billion, while earnings per share met estimates at $0.02.
• Institutional ownership of Under Armour stock stands at 36.35%, with several firms significantly increasing their holdings in recent months, indicating growing interest from institutional investors.

Under Armour, Inc. (NYSE:UA - Get Free Report) Director Dawn N. Fitzpatrick acquired 100,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $4.93 per share, for a total transaction of $493,000.00. Following the acquisition, the director directly owned 133,696 shares of the company's stock, valued at $659,121.28. This trade represents a 296.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Under Armour Trading Up 0.6%

Shares of UA traded up $0.03 during mid-day trading on Tuesday, hitting $5.09. The company had a trading volume of 5,316,095 shares, compared to its average volume of 3,932,819. Under Armour, Inc. has a 1-year low of $4.62 and a 1-year high of $10.62. The stock has a market cap of $2.17 billion, a PE ratio of 23.11 and a beta of 1.54. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $6.27 and its 200-day simple moving average is $6.14.

Under Armour (NYSE:UA - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.36 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co boosted its stake in Under Armour by 16.4% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 87,395 shares of the company's stock valued at $566,000 after purchasing an additional 12,338 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of Under Armour in the 2nd quarter valued at approximately $68,000. Corient Private Wealth LLC boosted its stake in Under Armour by 99.8% in the 2nd quarter. Corient Private Wealth LLC now owns 2,005,844 shares of the company's stock worth $13,018,000 after purchasing an additional 1,002,037 shares during the period. Tidal Investments LLC raised its stake in Under Armour by 2.1% during the 2nd quarter. Tidal Investments LLC now owns 110,954 shares of the company's stock valued at $720,000 after purchasing an additional 2,255 shares during the period. Finally, BDT Capital Partners LLC raised its position in Under Armour by 4.9% during the second quarter. BDT Capital Partners LLC now owns 62,463,879 shares of the company's stock valued at $405,391,000 after buying an additional 2,898,561 shares during the period. Institutional investors own 36.35% of the company's stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.