Under Armour (NYSE:UA) Shares Gap Down to $6.53

Under Armour, Inc. (NYSE:UA) shares gapped down prior to trading on Tuesday . The stock had previously closed at $6.53, but opened at $6.33. Under Armour shares last traded at $6.46, with a volume of 425,275 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their price objective on Under Armour from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, June 24th.

Under Armour Stock Performance

The company has a market cap of $2.77 billion, a price-to-earnings ratio of 11.98 and a beta of 1.65. The firm has a 50-day simple moving average of $6.63 and a 200 day simple moving average of $7.03. The company has a quick ratio of 1.63, a current ratio of 2.46 and a debt-to-equity ratio of 0.28.

Under Armour (NYSE:UA) last announced its earnings results on Thursday, May 16th. The company reported $0.11 earnings per share for the quarter. Under Armour had a return on equity of 11.95% and a net margin of 4.19%. The company had revenue of $1.33 billion for the quarter. On average, sell-side analysts predict that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BDT Capital Partners LLC grew its stake in shares of Under Armour by 22.6% in the 4th quarter. BDT Capital Partners LLC now owns 42,953,937 shares of the company’s stock valued at $358,665,000 after purchasing an additional 7,919,165 shares during the last quarter. Vanguard Group Inc. grew its holdings in Under Armour by 2.6% in the third quarter. Vanguard Group Inc. now owns 19,592,344 shares of the company’s stock valued at $124,999,000 after purchasing an additional 499,162 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Under Armour by 28.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,206,551 shares of the company’s stock valued at $76,877,000 after purchasing an additional 2,065,273 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Under Armour by 0.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,218,280 shares of the company’s stock valued at $35,223,000 after acquiring an additional 22,364 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Under Armour in the fourth quarter valued at $19,686,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Company Profile

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.