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

Under Armour (NYSE:UAA) issued its quarterly earnings results on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05, Zacks reports. Under Armour had a positive return on equity of 13.20% and a negative net margin of 0.27%. During the same quarter last year, the company posted $0.19 earnings per share.

Under Armour Stock Down 3.1 %

UAA traded down $0.24 on Friday, hitting $7.37. The company had a trading volume of 2,615,982 shares, compared to its average volume of 9,767,979. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of -246.75 and a beta of 1.69. The stock has a fifty day moving average price of $8.72 and a 200-day moving average price of $8.45. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Robert W. Baird lifted their target price on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a report on Friday. UBS Group lowered their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Morgan Stanley reaffirmed an “underweight” rating and set a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. Finally, Wells Fargo & Company boosted their price target on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and an average target price of $9.22.

Insider Activity

In other news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the sale, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now owns 494,210 shares in the company, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,879 shares of company stock worth $508,642. Corporate insiders own 15.60% of the company’s stock.

About Under Armour

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.