Under Armour (NYSE:UA) Shares Gap Down to $7.60

Under Armour, Inc. (NYSE:UA - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $7.60, but opened at $7.43. Under Armour shares last traded at $7.18, with a volume of 693,366 shares changing hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their price target on Under Armour from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Monday, June 24th.

Under Armour Stock Down 2.6 %

The firm's 50-day moving average price is $7.20 and its 200 day moving average price is $6.89. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 13.91 and a beta of 1.64.

Under Armour (NYSE:UA - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.10. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. The business had revenue of $1.18 billion during the quarter. On average, sell-side analysts forecast that Under Armour, Inc. will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Under Armour

Institutional investors and hedge funds have recently made changes to their positions in the stock. TFO Wealth Partners LLC raised its stake in Under Armour by 529,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 5,297 shares of the company's stock worth $44,000 after buying an additional 5,296 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in shares of Under Armour in the 4th quarter worth about $50,000. Headlands Technologies LLC lifted its stake in shares of Under Armour by 24,302.4% in the 1st quarter. Headlands Technologies LLC now owns 10,249 shares of the company's stock valued at $73,000 after purchasing an additional 10,207 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Under Armour during the 1st quarter valued at about $78,000. Finally, CWM LLC boosted its position in shares of Under Armour by 31.1% during the 2nd quarter. CWM LLC now owns 12,628 shares of the company's stock valued at $82,000 after purchasing an additional 2,995 shares in the last quarter. Institutional investors and hedge funds own 36.35% of the company's stock.

About Under Armour

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.