Under Armour, Inc. (NYSE:UA) Director Acquires $493,000.00 in 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 purchased 100,000 shares of Under Armour stock in a transaction on Wednesday, August 13th. The shares were acquired at an average price 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. The trade was a 296.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Under Armour Price Performance

NYSE UA traded down $0.15 on Thursday, reaching $4.76. 7,457,693 shares of the company's stock traded hands, compared to its average volume of 4,323,587. Under Armour, Inc. has a 12 month low of $4.62 and a 12 month high of $10.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. The stock has a 50-day simple moving average of $6.32 and a 200 day simple moving average of $6.19. The stock has a market cap of $2.03 billion, a PE ratio of 21.61 and a beta of 1.54.

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

Institutional Trading of Under Armour

Institutional investors have recently made changes to their positions in the stock. Bellwether Advisors LLC bought a new position in shares of Under Armour during the fourth quarter valued at approximately $29,000. Laurel Wealth Advisors LLC raised its holdings in shares of Under Armour by 549.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company's stock valued at $25,000 after acquiring an additional 3,316 shares in the last quarter. Quarry LP bought a new position in shares of Under Armour during the fourth quarter valued at approximately $30,000. UMB Bank n.a. raised its holdings in shares of Under Armour by 361.9% during the second quarter. UMB Bank n.a. now owns 4,102 shares of the company's stock valued at $27,000 after acquiring an additional 3,214 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Under Armour during the second quarter valued at approximately $65,000. Hedge funds and other institutional investors own 36.35% of the company's stock.

About Under Armour

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.

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