February 6, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Under Armour Inc (NYSE:UAA) shares over potential securities laws violations by Under Armour Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Under Armour Inc (NYSE:UAA) concerning whether a series of statements by Under Armour Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On January 31, 2017, Under Armour Inc reported its fourth quarter and fully year results and announced its outlook for 2017. Under Armour Inc reported that its annual Total Revenue rose from over $3.96 billion in 2015 to over $4.82 billion in 2016 and that its Net Income increased from $232.57 million in 2015 to $258.66 million in 2016. Among other things, Under Armour Inc announced that its Chief Financial Officer, Chip Molloy, has decided to leave the company due to personal reasons.

Shares of Under Armour Inc (NYSE:UAA) declined from over $80 per share in early 2016 to as low as $20.44 per share on February 3, 2017