Under Armour, Inc. (NYSE:UAA) CAO Purchases $10,000.05 in Stock

Key Points

• Under Armour CAO Eric J. Aumen purchased 2,045 shares of the company's stock for a total of $10,000.05, increasing his holdings by 2.28% to 91,796 shares.
• The company's stock traded down 2.7% to $4.93 with a market capitalization of $2.12 billion, while reporting a year-over-year revenue decline of 4.2%.
• Several analysts have reduced their target prices for Under Armour, resulting in a current average rating of "Hold" with a consensus target price of $6.74.

Under Armour, Inc. (NYSE:UAA - Get Free Report) CAO Eric J. Aumen bought 2,045 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average cost of $4.89 per share, for a total transaction of $10,000.05. Following the purchase, the chief accounting officer owned 91,796 shares of the company's stock, valued at approximately $448,882.44. The trade was a 2.28% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Under Armour Trading Down 2.7%

Under Armour stock traded down $0.14 during midday trading on Thursday, hitting $4.93. 20,801,690 shares of the stock were exchanged, compared to its average volume of 13,535,000. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. Under Armour, Inc. has a 52 week low of $4.78 and a 52 week high of $11.89. The company has a fifty day simple moving average of $6.68 and a two-hundred day simple moving average of $6.60. The stock has a market capitalization of $2.12 billion, a PE ratio of 22.39, a P/E/G ratio of 2.36 and a beta of 1.61.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC lifted its stake in Under Armour by 620.7% during the 2nd quarter. Parallel Advisors LLC now owns 3,892 shares of the company's stock valued at $27,000 after acquiring an additional 3,352 shares in the last quarter. Laurel Wealth Advisors LLC grew its holdings in Under Armour by 583.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,098 shares of the company's stock valued at $28,000 after buying an additional 3,498 shares in 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 valued at $29,000 after buying an additional 2,405 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of Under Armour during the first quarter worth about $44,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Under Armour during the second quarter worth about $44,000. Institutional investors and hedge funds own 34.58% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group dropped their target price on Under Armour from $8.00 to $7.50 and set a "buy" rating on the stock in a research report on Monday. JPMorgan Chase & Co. cut their price target on Under Armour from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Friday, August 8th. Robert W. Baird dropped their target price on Under Armour from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday. Stifel Nicolaus decreased their target price on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, Barclays cut their target price on Under Armour from $8.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.

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