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

Under Armour (NYSE:UAA - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.05, Zacks reports. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the firm earned $0.19 earnings per share.

Under Armour Stock Performance

Shares of UAA traded down $0.02 during mid-day trading on Monday, hitting $7.29. The stock had a trading volume of 12,860,068 shares, compared to its average volume of 10,317,825. The firm has a market cap of $3.15 billion, a P/E ratio of -25.12 and a beta of 1.69. The business has a fifty day moving average price of $8.57 and a 200-day moving average price of $8.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.24. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89.

Insider Buying and Selling at Under Armour

In other Under Armour news, insider Mehri Shadman sold 17,240 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the sale, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David Bergman sold 30,000 shares of the business's stock in a transaction on 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 owns 494,210 shares in the company, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock worth $508,642 over the last ninety days. 15.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on UAA shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 target price on shares of Under Armour in a research report on Thursday. Guggenheim reaffirmed a "neutral" rating on shares of Under Armour in a research report on Friday. Argus cut Under Armour from a "buy" rating to a "hold" rating in a research report on Thursday, January 16th. Wells Fargo & Company lifted their target price on Under Armour from $8.00 to $11.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Finally, Truist Financial lifted their target price on Under Armour from $8.00 to $11.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Three 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $9.09.

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.