Under Armour (NYSE:UAA) Posts 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 last year, the business posted $0.19 EPS.

Under Armour Price Performance

Shares of UAA traded down $0.02 during trading hours on Monday, hitting $7.29. 12,855,786 shares of the company were exchanged, compared to its average volume of 10,221,962. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -25.12 and a beta of 1.69. The firm's fifty day moving average is $8.62 and its 200 day moving average is $8.48.

Insider Buying and Selling

In other news, insider Mehri Shadman sold 9,639 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now directly owns 172,899 shares in the company, valued at approximately $1,523,240.19. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David Bergman sold 30,000 shares of the company's stock in a transaction dated 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 $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock valued at $508,642 over the last quarter. 15.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on UAA shares. Morgan Stanley restated an "underweight" rating and set a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. TD Cowen increased their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Barclays lowered their price objective on shares of Under Armour from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Monday. Argus cut shares of Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Finally, Truist Financial boosted their target price on Under Armour from $8.00 to $11.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $9.09.

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.