Under Armour Inc (NYSE:UAA) Short Interest Down 5.5% in June

Under Armour Inc (NYSE:UAA) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 32,273,600 shares, a decline of 5.5% from the May 15th total of 34,144,400 shares. Approximately 17.3% of the company’s stock are short sold. Based on an average trading volume of 4,720,000 shares, the short-interest ratio is currently 6.8 days.

UAA stock traded down $0.02 during trading on Friday, reaching $26.95. 3,187,764 shares of the company’s stock were exchanged, compared to its average volume of 3,531,045. The company has a current ratio of 2.02, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. Under Armour has a 1-year low of $16.52 and a 1-year high of $27.69. The company has a fifty day simple moving average of $25.98. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 99.81, a PEG ratio of 2.86 and a beta of 0.47.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter. Under Armour had a return on equity of 7.17% and a net margin of 0.12%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts anticipate that Under Armour will post 0.35 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in UAA. FMR LLC lifted its holdings in shares of Under Armour by 38.7% in the fourth quarter. FMR LLC now owns 4,947,846 shares of the company’s stock valued at $87,429,000 after buying an additional 1,381,276 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in shares of Under Armour by 50.8% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,988,920 shares of the company’s stock valued at $63,185,000 after buying an additional 1,007,159 shares during the period. Millennium Management LLC lifted its holdings in shares of Under Armour by 162.4% in the fourth quarter. Millennium Management LLC now owns 1,428,073 shares of the company’s stock valued at $25,234,000 after buying an additional 883,893 shares during the period. Norges Bank acquired a new stake in shares of Under Armour in the fourth quarter valued at $13,859,000. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of Under Armour by 25.0% in the first quarter. Artisan Partners Limited Partnership now owns 3,241,969 shares of the company’s stock valued at $68,535,000 after buying an additional 649,166 shares during the period. Institutional investors and hedge funds own 37.95% of the company’s stock.

UAA has been the topic of several recent research reports. Wells Fargo & Co reissued a “hold” rating on shares of Medidata Solutions in a research report on Thursday, June 13th. Citigroup assumed coverage on Dicks Sporting Goods in a report on Wednesday, April 10th. They set a “neutral” rating and a $40.00 price objective on the stock. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, July 8th. Finally, Credit Suisse Group upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Tuesday, April 30th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.88.

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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