Under Armour (NYSE:UA) Shares Gap Down - Should You Sell?

Key Points

• Under Armour's stock price gapped down from $6.27 to an opening price of $5.12, with shares last traded at $5.15 on Friday, indicating a significant drop in market value.
• In the latest earnings report, Under Armour reported $0.02 earnings per share, reflecting a negative net margin of 3.90% and a return on equity of 7.04%.
• Insider Mehri Shadman sold over 16,000 shares at an average price of $6.14, reducing their stake in the company by 7.83% amidst recent trading activity.

Under Armour, Inc. (NYSE:UA - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $6.27, but opened at $5.12. Under Armour shares last traded at $5.15, with a volume of 3,299,644 shares changing hands.

Under Armour Trading Down 0.7%

The stock has a 50-day moving average of $6.40 and a 200 day moving average of $6.23. The stock has a market cap of $2.10 billion, a PE ratio of 22.47 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.

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

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the sale, the insider owned 191,796 shares in the company, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 15.60% of the company's stock.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently bought and sold shares of the stock. Bellwether Advisors LLC purchased a new stake in Under Armour in the 4th quarter worth approximately $29,000. Quarry LP acquired a new position in shares of Under Armour during the 4th quarter worth approximately $30,000. UMB Bank n.a. raised its stake in shares of Under Armour by 361.9% during the 2nd quarter. UMB Bank n.a. now owns 4,102 shares of the company's stock worth $27,000 after buying an additional 3,214 shares during the period. Teza Capital Management LLC acquired a new position in shares of Under Armour during the 1st quarter worth approximately $60,000. Finally, GAMMA Investing LLC raised its stake in shares of Under Armour by 98.4% during the 2nd quarter. GAMMA Investing LLC now owns 10,997 shares of the company's stock worth $71,000 after buying an additional 5,455 shares during the period. Hedge funds and other 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.