Under Armour (NYSE:UA) Sets New 1-Year Low – What’s Next?

Under Armour, Inc. (NYSE:UA) shares reached a new 52-week low on Friday . The stock traded as low as $5.93 and last traded at $6.15, with a volume of 1545900 shares changing hands. The stock had previously closed at $6.10.

Under Armour Price Performance

The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.62 billion, a P/E ratio of -21.06 and a beta of 1.60. The business’s 50-day simple moving average is $6.84 and its two-hundred day simple moving average is $7.65.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the prior year, the firm earned $0.25 EPS.

Institutional Trading of Under Armour

Several large investors have recently added to or reduced their stakes in UA. Norges Bank purchased a new position in Under Armour in the 4th quarter worth about $18,688,000. Boston Partners grew its holdings in Under Armour by 1,317.3% during the 4th quarter. Boston Partners now owns 1,722,420 shares of the company’s stock valued at $12,852,000 after buying an additional 1,600,893 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Under Armour by 182.3% in the fourth quarter. American Century Companies Inc. now owns 2,250,631 shares of the company’s stock valued at $16,790,000 after purchasing an additional 1,453,399 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Under Armour by 617.4% in the fourth quarter. Bank of America Corp DE now owns 1,555,160 shares of the company’s stock valued at $11,601,000 after purchasing an additional 1,338,376 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Under Armour by 1,477.2% in the fourth quarter. Janus Henderson Group PLC now owns 1,374,220 shares of the company’s stock valued at $10,245,000 after purchasing an additional 1,287,088 shares in the last quarter. Institutional investors own 36.35% of the company’s stock.

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.