Under Armour (NYSE:UAA) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Under Armour (NYSE:UAA) posted its quarterly earnings data on Thursday. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05, Zacks reports. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the previous year, the business earned $0.19 EPS.

Under Armour Stock Performance

UAA opened at $7.29 on Friday. Under Armour has a one year low of $6.17 and a one year high of $11.89. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The business has a 50 day simple moving average of $8.67 and a two-hundred day simple moving average of $8.45.

Insider Transactions at Under Armour

In other Under Armour news, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the transaction, the insider now owns 172,899 shares in the company, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

UAA has been the topic of a number of research analyst reports. Robert W. Baird increased their price target on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. TD Cowen upped their target price on shares of Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Barclays lowered their price target on Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. UBS Group cut their price objective on Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, Guggenheim reissued a “neutral” rating on shares of Under Armour in a report on Friday. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.22.

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.