Under Armour, Inc. (NYSE:UAA) Director David W. Gibbs Acquires 25,000 Shares

Under Armour, Inc. (NYSE:UAAGet Rating) Director David W. Gibbs purchased 25,000 shares of the stock in a transaction dated Friday, May 27th. The shares were acquired at an average cost of $9.39 per share, for a total transaction of $234,750.00. Following the completion of the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $234,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

UAA traded down $0.25 during trading on Wednesday, reaching $10.33. The company had a trading volume of 5,225,593 shares, compared to its average volume of 7,621,432. Under Armour, Inc. has a 12-month low of $8.97 and a 12-month high of $27.28. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 22.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 2.30. The firm’s 50-day simple moving average is $14.08 and its 200 day simple moving average is $17.88.

Under Armour (NYSE:UAAGet Rating) last announced its quarterly earnings data on Friday, May 6th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Under Armour had a return on equity of 16.20% and a net margin of 3.89%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business posted $0.16 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts expect that Under Armour, Inc. will post 0.68 EPS for the current year.

Under Armour announced that its Board of Directors has approved a share buyback program on Wednesday, February 23rd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 6.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

A number of research analysts have recently commented on the company. StockNews.com assumed coverage on Under Armour in a report on Thursday, March 31st. They set a “hold” rating on the stock. Stifel Nicolaus lowered their price target on Under Armour from $18.00 to $13.00 in a report on Friday, May 6th. Cowen lowered their price target on Under Armour from $27.00 to $17.00 in a report on Monday, May 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Under Armour from $35.00 to $21.00 in a report on Monday, May 9th. Finally, Williams Capital lowered Under Armour from a “buy” rating to a “hold” rating in a report on Thursday, May 19th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.54.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its position in Under Armour by 7.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,234 shares of the company’s stock worth $365,000 after acquiring an additional 1,150 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in shares of Under Armour by 24.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 80,598 shares of the company’s stock valued at $1,708,000 after buying an additional 16,066 shares during the last quarter. Cim Investment Management Inc. lifted its holdings in shares of Under Armour by 98.0% during the 4th quarter. Cim Investment Management Inc. now owns 29,707 shares of the company’s stock valued at $615,000 after buying an additional 14,706 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Under Armour by 107.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 24,459 shares of the company’s stock valued at $518,000 after buying an additional 12,664 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Under Armour by 4.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 44,152 shares of the company’s stock valued at $936,000 after buying an additional 1,993 shares during the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Under Armour Company Profile (Get Rating)

Under Armour, Inc, together with its subsidiaries, engages in the developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company offers its apparel in compression, fitted, and loose fit types. It also provides footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

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