Under Armour (NYSE:UA) Hits New 12-Month Low – Here’s What Happened

Under Armour, Inc. (NYSE:UA) hit a new 52-week low during trading on Friday . The company traded as low as $5.93 and last traded at $6.15, with a volume of 1545900 shares changing hands. The stock had previously closed at $6.10.

Under Armour Price Performance

The stock’s 50-day moving average price is $6.86 and its 200 day moving average price is $7.66. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -21.12 and a beta of 1.60. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UA) last issued its earnings results on Thursday, February 13th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the previous year, the business earned $0.25 earnings per share.

Institutional Investors Weigh In On Under Armour

Several hedge funds and other institutional investors have recently bought and sold shares of UA. Norges Bank acquired a new stake in Under Armour during the fourth quarter worth about $18,688,000. Boston Partners increased its position in Under Armour by 1,317.3% during the fourth quarter. Boston Partners now owns 1,722,420 shares of the company’s stock worth $12,852,000 after purchasing an additional 1,600,893 shares during the last quarter. American Century Companies Inc. increased its position in Under Armour by 182.3% during the fourth quarter. American Century Companies Inc. now owns 2,250,631 shares of the company’s stock worth $16,790,000 after purchasing an additional 1,453,399 shares during the last quarter. Bank of America Corp DE increased its position in Under Armour by 617.4% during the fourth quarter. Bank of America Corp DE now owns 1,555,160 shares of the company’s stock worth $11,601,000 after purchasing an additional 1,338,376 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Under Armour by 1,477.2% during the fourth quarter. Janus Henderson Group PLC now owns 1,374,220 shares of the company’s stock worth $10,245,000 after purchasing an additional 1,287,088 shares during the last quarter. 36.35% of the stock is currently owned by institutional investors and hedge funds.

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.