Under Armour (NYSE:UAA) Trading Down 4%

Under Armour, Inc. (NYSE:UAA) dropped 4% on Friday . The stock traded as low as $18.43 and last traded at $18.53. Approximately 80,107 shares traded hands during trading, a decline of 99% from the average daily volume of 5,555,541 shares. The stock had previously closed at $19.30.

UAA has been the subject of several recent analyst reports. JPMorgan Chase & Co. set a $32.00 target price on Under Armour in a research note on Tuesday, November 2nd. TheStreet upgraded Under Armour from a “c” rating to a “b-” rating in a research note on Tuesday, November 2nd. Truist Securities initiated coverage on Under Armour in a research note on Thursday, December 16th. They set a “hold” rating and a $24.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on Under Armour from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 3rd. Finally, Wells Fargo & Company began coverage on shares of Under Armour in a report on Wednesday, December 15th. They set an “overweight” rating and a $33.00 price target for the company. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $27.89.

The company has a current ratio of 2.31, a quick ratio of 1.69 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $8.76 billion, a P/E ratio of 20.53, a P/E/G ratio of 0.97 and a beta of 1.24. The business’s fifty day moving average price is $22.84 and its 200-day moving average price is $22.24.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, November 2nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.16. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Under Armour had a net margin of 7.82% and a return on equity of 21.12%. During the same period in the previous year, the firm posted $0.26 EPS. As a group, equities research analysts forecast that Under Armour, Inc. will post 0.77 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. CastleArk Alternatives LLC purchased a new position in shares of Under Armour in the third quarter valued at about $27,000. FNY Investment Advisers LLC purchased a new position in shares of Under Armour during the fourth quarter valued at about $27,000. US Bancorp DE increased its position in shares of Under Armour by 31.0% during the third quarter. US Bancorp DE now owns 1,948 shares of the company’s stock valued at $39,000 after buying an additional 461 shares during the period. Strategic Blueprint LLC purchased a new position in shares of Under Armour during the second quarter valued at about $49,000. Finally, Canada Pension Plan Investment Board increased its position in shares of Under Armour by 34,850.0% during the second quarter. Canada Pension Plan Investment Board now owns 3,495 shares of the company’s stock valued at $74,000 after buying an additional 3,485 shares during the period. Institutional investors own 33.87% of the company’s stock.

About Under Armour (NYSE:UAA)

Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The North America segment comprises of U.S.

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