Under Armour (NYSE:UA) Shares Up 8.3% - Should You Buy?

Under Armour, Inc. (NYSE:UA - Get Free Report)'s share price traded up 8.3% during mid-day trading on Friday . The stock traded as high as $6.30 and last traded at $6.34. 1,586,314 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 3,900,569 shares. The stock had previously closed at $5.86.

Under Armour Stock Performance

The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -13.56 and a beta of 1.55. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.10 and a quick ratio of 1.25. The stock has a 50-day moving average of $5.90 and a 200 day moving average of $6.60.

Under Armour (NYSE:UA - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion.

Insider Activity

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the sale, the insider now directly owns 191,796 shares of the company's stock, valued at $1,177,627.44. The trade was a 7.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 15.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Harbour Investments Inc. raised its stake in Under Armour by 592.9% in the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company's stock valued at $26,000 after buying an additional 3,000 shares during the period. Bellwether Advisors LLC acquired a new stake in Under Armour during the 4th quarter valued at $29,000. Quarry LP bought a new position in Under Armour during the fourth quarter worth $30,000. Teza Capital Management LLC bought a new position in Under Armour during the first quarter worth $60,000. Finally, Tyler Stone Wealth Management acquired a new position in shares of Under Armour in the first quarter valued at $71,000. 36.35% of the stock is currently owned by institutional investors.

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.

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