(NYSE:UAA) shares saw heavy trading volume with 45,393K shares changing hands by the end of trading on Tuesday. Overall, volume was up 524.66% over the stocks normal daily volume.
Traders are a little more bullish of late looking at the change in short interest. The firm recorded a fall in short interest of -1.32% between September 29, 2017 and October 13, 2017. Short shares decreased from 55,497,338 to 54,767,287 over that period. With short interest at 54,767,287 and short average daily volume at 3,550,007, days to cover is 15.0 and the short interest percentage is 0.25% as of October 13.
The following firms have recently changed their position in UAA. Perigon Wealth Management, LLC expanded its ownership by buying 27,899 shares an increase of 122.8% in the quarter. Perigon Wealth Management, LLC owns 50,619 shares worth $1,101,000. The value of the position overall is up by 145.2%.
On July 19 analysts at Needham began coverage of UAA setting a rating of “Hold”. Equity analyst Bernstein added the stock to its research portfolio with an initial rating of “Underperform”.
Pivotal Research initiated coverage on UAA by announcing an initial rating of “Hold”. October 12 investment analysts at Canaccord Genuity held the company rating at “Hold” but lowered the price expectation to $15.00 from $18.00.
In the market the company is trading down since yesterday’s close of $0.00. Company shares last traded at $12.52 much lower than $16.59, the stock’s 50 day moving average and a great deal lower than the 200 day moving average of $18.86. The 50 day moving average moved down $-4.07 and the 200 day average went down by -33.62%.
The P/E ratio is 25.34 and the market cap of the company is 5.52B. In the latest earnings report the EPS was $0.49 and is projected to be $0.37 for the current year with 440,988,000 shares outstanding. Next quarter’s EPS is expected be $0.21 and the next full year EPS is anticipated to be $0.43.
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, cold, and in between the extremes. It also provides various footwear products, including running, basketball, cleated, slides and performance training, and outdoor footwear. In addition, the company offers accessories, which include headwear, bags, and gloves; and digital fitness platform licenses and subscriptions, as well as digital advertising. Under Armour, Inc. primarily provides its products under the UA Logo, UNDER ARMOUR, UA, ARMOUR, HEATGEAR, COLDGEAR, ALLSEASONGEAR, PROTECT THIS HOUSE, and I WILL, as well as ARMOURBITE, ARMOURSTORM, ARMOUR FLEECE, ARMOUR BRA, UA RECORD, UA HEALTHBOX, and UNDER ARMOUR CONNECTED FITNESS brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of brand and factory house stores, and Website. Under Armour, Inc. was founded in 1996 and is headquartered in Baltimore, Maryland..