Under Armour (NYSE:UA) Releases Quarterly Earnings Results

Under Armour (NYSE:UA) announced its quarterly earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, reports. Under Armour had a negative net margin of 0.27% and a positive return on equity of 13.10%. The company had revenue of $1.40 billion for the quarter.

Under Armour Stock Down 11.9 %

Shares of UA stock opened at $8.76 on Friday. The business’s fifty day moving average is $7.93 and its 200 day moving average is $7.21. 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 has a twelve month low of $6.02 and a twelve month high of $10.62.

Institutional Investors Weigh In On Under Armour

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Peoples Bank KS bought a new position in Under Armour during the 3rd quarter valued at approximately $59,000. Headlands Technologies LLC raised 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 during the last quarter. Janney Montgomery Scott LLC bought a new position in Under Armour in the 1st quarter worth about $78,000. CWM LLC grew 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 purchasing an additional 2,995 shares during the last quarter. Finally, Algert Global LLC bought a new stake in Under Armour during the 2nd quarter valued at about $98,000. Hedge funds and other 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.