Under Armour (NYSE:UA) Trading 8.3% Higher – Should You Buy?

Under Armour, Inc. (NYSE:UAGet Free Report) shares traded up 8.3% during trading on Friday . The company traded as high as $6.30 and last traded at $6.34. 1,586,314 shares traded hands during trading, a decline of 59% from the average session volume of 3,900,569 shares. The stock had previously closed at $5.86.

Under Armour Trading Up 12.4%

The firm has a market capitalization of $2.81 billion, a P/E ratio of -14.01 and a beta of 1.55. The business’s 50 day moving average is $5.94 and its two-hundred day moving average is $6.57. The company has a quick ratio of 1.25, a current ratio of 2.10 and a debt-to-equity ratio of 0.31.

Under Armour (NYSE:UAGet Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). Under Armour had a negative net margin of 3.90% and a positive return on equity of 7.04%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion.

Insider Buying and Selling

In related news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the sale, the insider now directly owns 191,796 shares of the company’s stock, valued at $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Harbour Investments Inc. boosted its position in shares of Under Armour by 592.9% in the 4th quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock valued at $26,000 after purchasing an additional 3,000 shares during the period. Bellwether Advisors LLC purchased a new stake in Under Armour during the fourth quarter valued at about $29,000. Quarry LP acquired a new position in shares of Under Armour in the fourth quarter worth about $30,000. Teza Capital Management LLC acquired a new position in shares of Under Armour in the first quarter worth about $60,000. Finally, Tyler Stone Wealth Management purchased a new position in shares of Under Armour in the first quarter worth approximately $71,000. Institutional investors and hedge funds own 36.35% of the company’s stock.

Under Armour Company Profile

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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.

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