Under Armour (UAA) Expected to Announce Quarterly Earnings on Thursday

Under Armour (NYSE:UAA) is expected to be announcing its earnings results 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. Investors interested in listening to the company’s conference call can do so using this link.

Under Armour Trading Up 1.2 %

Shares of UAA stock opened at $8.20 on Thursday. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of -273.11 and a beta of 1.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The firm has a fifty day moving average of $8.84 and a 200-day moving average of $8.40.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a research note on Friday, December 13th. TD Cowen increased 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. UBS Group dropped their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Barclays dropped their price objective on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.22.

Insiders Place Their Bets

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the sale, the insider now owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This represents a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $9.09, for a total transaction of $272,700.00. Following the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock valued at $508,642 in the last 90 days. 15.60% of the stock is currently owned by insiders.

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.