Under Armour, Inc. (NYSE:UA) Releases Earnings Results, Beats Expectations By $0.04 EPS

Under Armour, Inc. (NYSE:UA) announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.04, MarketWatch Earnings reports. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The company had revenue of $1.09 billion during the quarter.

Shares of Under Armour (UA) traded down 0.12% during midday trading on Friday, hitting $16.80. 1,951,039 shares of the stock were exchanged. The stock’s 50-day moving average price is $18.41 and its 200 day moving average price is $18.83. The stock has a market cap of $7.41 billion, a P/E ratio of 34.01 and a beta of 0.78. Under Armour has a one year low of $16.02 and a one year high of $42.94.

A number of hedge funds have recently added to or reduced their stakes in UA. Compton Capital Management Inc. RI increased its stake in Under Armour by 1.5% in the first quarter. Compton Capital Management Inc. RI now owns 10,156 shares of the company’s stock worth $201,000 after buying an additional 150 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Under Armour by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after buying an additional 220 shares in the last quarter. CWM LLC increased its stake in shares of Under Armour by 1.4% in the second quarter. CWM LLC now owns 29,107 shares of the company’s stock valued at $587,000 after buying an additional 392 shares in the last quarter. National Planning Corp increased its stake in shares of Under Armour by 3.2% in the second quarter. National Planning Corp now owns 13,589 shares of the company’s stock valued at $279,000 after buying an additional 423 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC increased its stake in shares of Under Armour by 2.8% in the first quarter. Grandeur Peak Global Advisors LLC now owns 47,250 shares of the company’s stock valued at $935,000 after buying an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 56.34% of the company’s stock.

A number of equities research analysts have commented on the stock. Vetr raised shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $21.15 price objective on the stock in a research report on Monday, May 15th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Saturday, April 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Under Armour in a research report on Friday, May 19th. Berenberg Bank began coverage on shares of Under Armour in a research note on Tuesday, May 16th. They set a “hold” rating and a $20.00 price target for the company. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $19.00 price target (up previously from $17.00) on shares of Under Armour in a research note on Tuesday, May 2nd. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.99.

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About Under Armour

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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