Under Armour (NYSE:UA) Stock Price Down 6.4%

Under Armour, Inc. (NYSE:UA)’s stock price traded down 6.4% during mid-day trading on Tuesday . The company traded as low as $6.68 and last traded at $6.72. 1,160,916 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 3,100,651 shares. The stock had previously closed at $7.18.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their price target on Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, June 24th.

Under Armour Price Performance

The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 12.85 and a beta of 1.63. The stock has a 50-day moving average price of $7.09 and a 200 day moving average price of $6.97. The company has a current ratio of 1.73, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.10. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. The company had revenue of $1.18 billion during the quarter. As a group, equities research analysts expect that Under Armour, Inc. will post 0.2 earnings per share for the current year.

Institutional Trading of Under Armour

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. TFO Wealth Partners LLC increased its stake in Under Armour by 529,600.0% in the fourth quarter. TFO Wealth Partners LLC now owns 5,297 shares of the company’s stock valued at $44,000 after purchasing an additional 5,296 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Under Armour in the fourth quarter worth $50,000. Headlands Technologies LLC grew its position in Under Armour by 24,302.4% in the first quarter. Headlands Technologies LLC now owns 10,249 shares of the company’s stock valued at $73,000 after acquiring an additional 10,207 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Under Armour during the first quarter worth $78,000. Finally, CWM LLC raised its stake in Under Armour by 31.1% during the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock valued at $82,000 after acquiring an additional 2,995 shares in the last quarter. Hedge funds and other 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.