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. Parties interested in registering for the company’s conference call can do so using this link.

Under Armour Stock Up 1.2 %

UAA stock opened at $8.20 on Thursday. The firm has a market capitalization of $3.54 billion, a P/E ratio of -273.11 and a beta of 1.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The company’s 50 day simple moving average is $8.84 and its 200-day simple moving average is $8.40. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89.

Insider Buying and Selling

In other Under Armour news, CFO David Bergman sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares of the company’s stock, valued at $4,492,368.90. This represents a 5.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mehri Shadman sold 9,639 shares of the stock in a transaction on Monday, November 18th. The shares were 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 directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 56,879 shares of company stock valued at $508,642. Company insiders own 15.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UAA shares. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research note on Friday, December 13th. UBS Group dropped their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday. Argus lowered shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. TD Cowen upped their price objective on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Robert W. Baird upped their price objective on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.22.

About Under Armour

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.