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

Under Armour, Inc. (NYSE:UAA) CAO Eric J. Aumen purchased 2,045 shares at an average price of $4.89, totaling $10,000.05, increasing his ownership by 2.28% to 91,796 shares valued at approximately $448,882.44. The purchase was disclosed to the SEC. Under Armour's stock opened at $4.93, with a 52-week range of $4.78 to $11.89. The company reported a quarterly EPS of $0.02, missing estimates, with revenue down 4.2% year-over-year. Analysts predict an EPS of 0.3 for the current fiscal year.

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 bought at an average cost of $4.89 per share, with a total value of $10,000.05. Following the purchase, the chief accounting officer directly owned 91,796 shares of the company's stock, valued at approximately $448,882.44. This represents a 2.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Under Armour Trading Down 2.7%

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Shares of NYSE:UAA opened at $4.93 on Friday. Under Armour, Inc. has a 52 week low of $4.78 and a 52 week high of $11.89. The company's 50 day moving average is $6.68 and its two-hundred day moving average is $6.60. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. The company has a market cap 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 announced its quarterly earnings data on Friday, August 8th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same period in the prior year, the company posted $0.01 earnings per share. The company's revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Seize the Opportunity: Under Armour Stock Set for a Comeback

A number of hedge funds have recently modified their holdings of UAA. Northern Trust Corp increased its holdings in shares of Under Armour by 18.9% in the 4th quarter. Northern Trust Corp now owns 1,729,796 shares of the company's stock valued at $14,323,000 after purchasing an additional 275,131 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Under Armour by 36.5% during the 4th quarter. JPMorgan Chase & Co. now owns 554,525 shares of the company's stock valued at $4,591,000 after acquiring an additional 148,280 shares in the last quarter. Eisler Capital Management Ltd. purchased a new position in Under Armour during the 4th quarter valued at about $2,514,000. Alyeska Investment Group L.P. increased its holdings in Under Armour by 55.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock valued at $81,057,000 after acquiring an additional 3,503,006 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new position in Under Armour during the 1st quarter valued at about $3,233,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UAA has been the subject of several research reports. Wells Fargo & Company upped their price objective on shares of Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. 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 report on Wednesday, May 14th. Bank of America decreased their target price on shares of Under Armour from $8.00 to $6.50 and set a "neutral" rating on the stock in a report on Monday. Evercore ISI decreased their target price on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a report on Wednesday, May 14th. Finally, Robert W. Baird decreased their target price on shares of Under Armour from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Under Armour presently has an average rating of "Hold" and a consensus target price of $6.74.

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About Under Armour

(Get Free Report)

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.