Under Armour, Inc. (NYSE:UAA) Insider Mehri Shadman Sells 16,287 Shares

Under Armour, Inc. (NYSE:UAA) insider Mehri Shadman sold 16,287 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the sale, the insider now owns 191,796 shares in the company, valued at approximately $1,177,627.44. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Under Armour Trading Up 3.0%

UAA opened at $6.77 on Friday. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of -23.34 and a beta of 1.63. The stock’s 50 day moving average price is $6.03 and its 200-day moving average price is $7.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Under Armour’s revenue was down 11.4% compared to the same quarter last year. On average, equities analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in Under Armour in the fourth quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour in the fourth quarter worth approximately $27,000. SBI Securities Co. Ltd. bought a new position in Under Armour in the fourth quarter worth approximately $40,000. Harbour Investments Inc. grew its stake in Under Armour by 438.2% in the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in Under Armour in the first quarter worth approximately $44,000. Institutional investors own 34.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UAA shares. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of Under Armour in a research report on Tuesday, May 13th. Needham & Company LLC restated a “hold” rating on shares of Under Armour in a research report on Wednesday, May 14th. Stifel Nicolaus decreased their price objective on Under Armour from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Evercore ISI decreased their price objective on Under Armour from $7.00 to $6.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 14th. Finally, UBS Group upped their price objective on Under Armour from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.33.

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.