Under Armour (NYSE:UA) Shares Gap Down to $7.50

Under Armour, Inc. (NYSE:UA)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $7.50, but opened at $7.34. Under Armour shares last traded at $7.41, with a volume of 370,008 shares changing hands.

Analyst Ratings Changes

Separately, Stifel Nicolaus lowered their price target on Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, June 24th.

Under Armour Stock Performance

The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 12.25 and a beta of 1.63. The company’s fifty day simple moving average is $7.09 and its 200 day simple moving average is $6.96. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33.

Under Armour (NYSE:UA) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.10. The business had revenue of $1.18 billion for the quarter. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. On average, equities research analysts expect that Under Armour, Inc. will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UA. BDT Capital Partners LLC raised its position in shares of Under Armour by 22.6% in the fourth quarter. BDT Capital Partners LLC now owns 42,953,937 shares of the company’s stock valued at $358,665,000 after buying an additional 7,919,165 shares in the last quarter. Norges Bank acquired a new position in Under Armour in the 4th quarter valued at $19,686,000. Dimensional Fund Advisors LP lifted its position in shares of Under Armour by 28.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,206,551 shares of the company’s stock valued at $76,877,000 after acquiring an additional 2,065,273 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Under Armour by 14.2% during the 2nd quarter. Victory Capital Management Inc. now owns 6,059,071 shares of the company’s stock worth $39,566,000 after purchasing an additional 752,018 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Under Armour in the second quarter worth $4,579,000. 36.35% of the stock is owned by institutional investors and hedge funds.

About Under Armour

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.