Under Armour (NYSE:UA) Trading Down 15.6% – Here’s Why

Under Armour, Inc. (NYSE:UA) dropped 15.6% during mid-day trading on Thursday . The stock traded as low as $5.39 and last traded at $5.32. Approximately 1,948,014 shares were traded during trading, a decline of 42% from the average daily volume of 3,370,376 shares. The stock had previously closed at $6.30.

Under Armour Stock Performance

The stock has a 50-day simple moving average of $6.63 and a 200-day simple moving average of $7.59. The stock has a market cap of $2.24 billion, a PE ratio of -17.97 and a beta of 1.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UA) last issued its earnings results on Thursday, February 13th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm posted $0.25 EPS.

Institutional Investors Weigh In On Under Armour

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in Under Armour in the fourth quarter valued at $18,688,000. American Century Companies Inc. grew its holdings in Under Armour by 182.3% during the fourth quarter. American Century Companies Inc. now owns 2,250,631 shares of the company’s stock worth $16,790,000 after acquiring an additional 1,453,399 shares during the period. Nuveen Asset Management LLC boosted its holdings in Under Armour by 58.9% during the fourth quarter. Nuveen Asset Management LLC now owns 2,132,175 shares of the company’s stock worth $15,906,000 after buying an additional 790,518 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Under Armour by 26.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company’s stock worth $13,489,000 after acquiring an additional 374,664 shares during the last quarter. Finally, Boston Partners raised its position in shares of Under Armour by 1,317.3% during the fourth quarter. Boston Partners now owns 1,722,420 shares of the company’s stock worth $12,852,000 after purchasing an additional 1,600,893 shares during the period. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

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.