Under Armour Inc (NYSE:UAA) shares traded 1.46% higher at $6.94 on Wall Street last session.
UAA stock price is now 1.29% away from the 50-day moving average and -7.64% away from the 200-day moving average. The market capitalization of the company currently stands at $3.02B.
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On May 17, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $8 to quote $7, while ‘William Blair’ rates the stock as ‘Mkt Perform’
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 $6.18 and a high of $9.50. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 2.46, and a quick ratio of 1.63. The fifty day moving average price for UAA is $6.8514 and a two-hundred day moving average price translates $7.51395 for the stock.
The latest earnings results from Under Armour Inc (NYSE: UAA) was released for 2023-12-31. According to the Apparel Manufacturing Company, earnings per share came in at 0.02, beating analysts’ expectations of -0.02 by 0.04. This compares to $0.37 EPS in the same period last year. The net profit margin was 4.20% and return on equity was 11.51% for UAA. The company reported revenue of $1.33 billion for the quarter, compared to $1.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.77 percent. For the current quarter, analysts expect UAA to generate $1.15B in revenue.
