Under Armour (NYSE:UA) Stock Price Up 5.1%

Under Armour, Inc. (NYSE:UA)’s share price rose 5.1% on Monday . The company traded as high as $6.63 and last traded at $6.60. Approximately 1,508,256 shares traded hands during trading, a decline of 53% from the average daily volume of 3,240,626 shares. The stock had previously closed at $6.28.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their price target on shares of Under Armour from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, June 24th.

Under Armour Stock Performance

The company’s 50-day moving average price is $6.63 and its two-hundred day moving average price is $7.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 2.46. The stock has a market cap of $2.92 billion, a PE ratio of 12.62 and a beta of 1.65.

Under Armour (NYSE:UA) last released its earnings results on Thursday, May 16th. The company reported $0.11 EPS for the quarter. Under Armour had a net margin of 4.19% and a return on equity of 11.95%. The company had revenue of $1.33 billion for the quarter. On average, equities research analysts forecast that Under Armour, Inc. will post 0.2 EPS for the current year.

Institutional Investors Weigh In On Under Armour

Large investors have recently added to or reduced their stakes in the company. Graham Capital Management L.P. boosted its stake in shares of Under Armour by 137.0% during the 3rd quarter. Graham Capital Management L.P. now owns 110,026 shares of the company’s stock valued at $702,000 after purchasing an additional 63,597 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Under Armour by 93.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 64,179 shares of the company’s stock valued at $409,000 after purchasing an additional 31,036 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Under Armour by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 19,592,344 shares of the company’s stock valued at $124,999,000 after purchasing an additional 499,162 shares in the last quarter. Profit Investment Management LLC boosted its stake in shares of Under Armour by 11.7% during the 4th quarter. Profit Investment Management LLC now owns 447,873 shares of the company’s stock valued at $3,740,000 after purchasing an additional 46,757 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Under Armour by 62.0% during the 4th quarter. Pacer Advisors Inc. now owns 27,184 shares of the company’s stock valued at $227,000 after purchasing an additional 10,401 shares in the last quarter. Institutional investors own 36.35% of the company’s stock.

About Under Armour

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.