Under Armour (UAA) Expected to Announce Quarterly Earnings on Thursday

Under Armour (NYSE:UAA) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $1.34 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Under Armour Price Performance

Shares of NYSE UAA opened at $8.26 on Tuesday. The firm’s 50-day moving average price is $8.77 and its 200-day moving average price is $8.44. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. Under Armour has a 12-month low of $6.17 and a 12-month high of $11.89.

Insiders Place Their Bets

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the completion of the sale, the insider now owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now owns 494,210 shares of the company’s stock, valued at $4,492,368.90. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,879 shares of company stock valued at $508,642. Corporate insiders own 15.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. TD Cowen raised their target price on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Robert W. Baird increased their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Morgan Stanley restated an “underweight” rating and set a $4.00 target price on shares of Under Armour in a research report on Friday, December 13th. Barclays reduced their price objective on Under Armour from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.22.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.