The stock of Under Armour Inc (NYSE:UAA) last traded at $6.71, down -1.18% from the previous session.
UAA stock price is now -7.07% away from the 50-day moving average and -11.47% away from the 200-day moving average. The market capitalization of the company currently stands at $2.92B.
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With the price target reduced from $9 to $8, Telsey Advisory Group maintained Market Perform rating for Under Armour Inc (NYSE: UAA)., while ‘Evercore ISI’ rates the stock as ‘Underperform’
In other news, Plank Kevin A, Exec. Chair & Brand Chief sold 16,000,000 shares of the company’s stock on May 31 ’23. The stock was sold for $98,080,000 at an average price of $6.13. Upon completion of the transaction, the Exec. Chair & Brand Chief now directly owns 0 shares in the company, valued at $0.0. A total of 56.72% of the company’s stock is owned by insiders.
During the past 12 months, Under Armour Inc has had a low of $6.29 and a high of $9.50. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 2.13, and a quick ratio of 1.38.
According to the Apparel Manufacturing Company, earnings per share came in at 0.18, beating analysts’ expectations of 0.15 by 0.03. This compares to $0.27 EPS in the same period last year. The net profit margin was 7.00% and return on equity was 20.12% for UAA. The company reported revenue of $1.49 billion for the quarter, compared to $1.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.05 percent. For the current quarter, analysts expect UAA to generate $1.33B in revenue.
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