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

Under Armour (NYSE:UAA) is projected to issue 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. Investors that wish to listen to the company’s conference call can do so using this link.

Under Armour Price Performance

UAA stock opened at $8.26 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. Under Armour has a 1 year low of $6.17 and a 1 year high of $11.89. The firm has a 50-day moving average of $8.74 and a 200 day moving average of $8.46. The company has a market cap of $3.57 billion, a P/E ratio of -275.07 and a beta of 1.69.

Analysts Set New Price Targets

A number of research firms have recently commented on UAA. Argus cut Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Robert W. Baird boosted their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 price target on shares of Under Armour in a research note on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Barclays lowered their target price on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.22.

Insider Activity

In related news, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the sale, the insider now owns 172,899 shares in the company, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their ownership of the stock. The transaction 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 the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock valued at $508,642 over the last three months. Insiders own 15.60% of the company’s stock.

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.