Under Armour Inc (NYSE:UAA) saw a large increase in short interest in November. As of November 29th, there was short interest totalling 35,190,000 shares, an increase of 7.5% from the November 14th total of 32,730,000 shares. Currently, 18.8% of the company’s stock are sold short. Based on an average trading volume of 4,610,000 shares, the days-to-cover ratio is currently 7.6 days.
NYSE:UAA traded down $1.41 during mid-day trading on Monday, hitting $20.44. 11,133,767 shares of the company’s stock traded hands, compared to its average volume of 6,667,939. The firm has a 50 day moving average of $19.77 and a two-hundred day moving average of $21.09. Under Armour has a 12 month low of $16.74 and a 12 month high of $27.72. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 75.70, a price-to-earnings-growth ratio of 1.67 and a beta of 0.57. The company has a current ratio of 2.05, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55.
Under Armour (NYSE:UAA) last announced its earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. Under Armour had a return on equity of 7.24% and a net margin of 2.14%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities research analysts expect that Under Armour will post 0.34 earnings per share for the current year.
UAA has been the subject of several recent analyst reports. Consumer Edge initiated coverage on Under Armour in a research note on Friday, December 27th. They set an “equal weight” rating and a $23.00 price target for the company. Credit Suisse Group reiterated a “neutral” rating and set a $25.00 price target on shares of Under Armour in a research note on Thursday, October 31st. Robert W. Baird downgraded Under Armour from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $31.00 to $20.00 in a research note on Tuesday, November 5th. ValuEngine downgraded Under Armour from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. Finally, Telsey Advisory Group decreased their price target on Under Armour from $23.00 to $19.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Under Armour has an average rating of “Hold” and a consensus price target of $21.89.
Several hedge funds have recently made changes to their positions in UAA. Steward Partners Investment Advisory LLC bought a new stake in shares of Under Armour in the 2nd quarter worth approximately $117,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Under Armour in the 2nd quarter worth approximately $241,000. First Trust Advisors LP lifted its position in shares of Under Armour by 272.1% in the 2nd quarter. First Trust Advisors LP now owns 468,922 shares of the company’s stock worth $11,887,000 after acquiring an additional 342,887 shares during the period. Dupont Capital Management Corp bought a new stake in shares of Under Armour in the 2nd quarter worth approximately $194,000. Finally, KBC Group NV lifted its position in shares of Under Armour by 6.0% in the 2nd quarter. KBC Group NV now owns 29,210 shares of the company’s stock worth $740,000 after acquiring an additional 1,663 shares during the period. Institutional investors own 39.52% of the company’s stock.
About Under Armour
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.
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