Under Armour (NYSE:UA) Sets New 12-Month High – Should You Buy?

Under Armour, Inc. (NYSE:UA)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $10.02 and last traded at $9.98, with a volume of 2052470 shares. The stock had previously closed at $8.06.

Under Armour Trading Up 28.4 %

The firm has a 50 day moving average of $7.85 and a 200 day moving average of $7.17. The firm has a market cap of $4.47 billion, a PE ratio of -51.16 and a beta of 1.64. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33.

Under Armour (NYSE:UA) last issued its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. The company had revenue of $1.18 billion for the quarter. Under Armour had a negative net margin of 1.35% and a positive return on equity of 11.98%. Equities analysts anticipate that Under Armour, Inc. will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Peoples Bank KS bought a new stake in Under Armour during the third quarter worth about $59,000. Headlands Technologies LLC boosted its position in shares of Under Armour by 24,302.4% in the 1st quarter. Headlands Technologies LLC now owns 10,249 shares of the company’s stock worth $73,000 after purchasing an additional 10,207 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Under Armour in the 1st quarter worth approximately $78,000. CWM LLC increased its position 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 buying an additional 2,995 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Under Armour in the second quarter worth $98,000. Institutional investors own 36.35% of the company’s stock.

Under Armour Company Profile

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.