Under Armour (NYSE:UA) Hits New 1-Year High – What’s Next?

Under Armour, Inc. (NYSE:UA)’s share 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 Stock Up 28.4 %

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

Under Armour (NYSE:UA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.10. The company had revenue of $1.18 billion during the quarter. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. On average, equities research analysts forecast that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of Under Armour

Several institutional investors have recently added to or reduced their stakes in UA. Edgestream Partners L.P. bought a new position in shares of Under Armour during the 1st quarter worth about $1,217,000. Concurrent Investment Advisors LLC increased its holdings in Under Armour by 16.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 21,537 shares of the company’s stock worth $154,000 after purchasing an additional 3,045 shares in the last quarter. AMH Equity Ltd bought a new position in shares of Under Armour in the first quarter valued at approximately $892,000. Dimensional Fund Advisors LP boosted its position in shares of Under Armour by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 11,089,780 shares of the company’s stock valued at $72,415,000 after buying an additional 795,803 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in Under Armour during the 2nd quarter valued at $4,579,000. 36.35% of the stock is currently owned by institutional investors.

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.