Under Armour (UA) Trading Up 6.9%

Under Armour (NYSE:UA) shares were up 6.9% during trading on Wednesday . The company traded as high as $18.52 and last traded at $18.31. Approximately 6,689,402 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 4,305,969 shares. The stock had previously closed at $17.13.

A number of research analysts recently commented on UA shares. Vetr raised Under Armour from a “buy” rating to a “strong-buy” rating and set a $14.80 price target for the company in a research note on Monday, January 29th. Pivotal Research set a $14.00 price target on Under Armour and gave the company a “hold” rating in a research note on Monday, February 12th. Canaccord Genuity set a $9.00 price target on Under Armour and gave the company a “sell” rating in a research note on Friday, March 16th. Deutsche Bank raised Under Armour to a “hold” rating and set a $16.00 price target for the company in a research note on Monday, April 23rd. Finally, Raymond James reaffirmed a “sell” rating on shares of Under Armour in a research note on Tuesday, February 13th. Eleven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.45.

The company has a market capitalization of $7.37 billion, a P/E ratio of 87.68 and a beta of -0.76.

Under Armour (NYSE:UA) last issued its earnings results on Tuesday, February 13th. The company reported ($0.20) EPS for the quarter. The business had revenue of $1.37 billion for the quarter. Under Armour had a positive return on equity of 9.38% and a negative net margin of 1.51%. During the same period last year, the firm posted $0.23 earnings per share.

In other news, Director William R. Mcdermott sold 6,349 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $16.08, for a total transaction of $102,091.92. Following the sale, the director now directly owns 68,221 shares in the company, valued at $1,096,993.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Harvey Sanders sold 6,372 shares of the business’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $16.29, for a total value of $103,799.88. Following the sale, the director now owns 257,439 shares in the company, valued at $4,193,681.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,364 shares of company stock worth $1,068,255. Company insiders own 16.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in UA. Dimensional Fund Advisors LP boosted its holdings in Under Armour by 159.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,025,064 shares of the company’s stock valued at $15,397,000 after acquiring an additional 629,862 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in Under Armour by 14.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 121,809 shares of the company’s stock valued at $1,622,000 after acquiring an additional 15,675 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Under Armour by 126.2% in the fourth quarter. State of Alaska Department of Revenue now owns 40,539 shares of the company’s stock valued at $539,000 after acquiring an additional 22,619 shares during the last quarter. Cibc Bank USA boosted its holdings in Under Armour by 90.7% in the fourth quarter. Cibc Bank USA now owns 28,800 shares of the company’s stock valued at $384,000 after acquiring an additional 13,700 shares during the last quarter. Finally, Personal Capital Advisors Corp boosted its holdings in Under Armour by 8.5% in the fourth quarter. Personal Capital Advisors Corp now owns 128,465 shares of the company’s stock valued at $1,711,000 after acquiring an additional 10,101 shares during the last quarter. Institutional investors own 32.36% 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, cold, and in between the extremes.

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply