Under Armour Inc (NYSE:UA) shares rose 6.9% during mid-day trading on Friday . The company traded as high as $20.85 and last traded at $20.70. Approximately 6,149,024 shares traded hands during trading, an increase of 166% from the average daily volume of 2,308,040 shares. The stock had previously closed at $19.36.
UA has been the topic of a number of research analyst reports. ValuEngine raised Under Armour from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Pivotal Research reissued a “hold” rating and issued a $23.00 price target on shares of Under Armour in a research note on Tuesday, April 30th. Canaccord Genuity set a $13.00 price target on Under Armour and gave the stock a “sell” rating in a research note on Tuesday, March 19th. B. Riley set a $12.00 price target on Under Armour and gave the stock a “sell” rating in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. raised Under Armour from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $23.00 to $29.00 in a research note on Friday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Under Armour presently has an average rating of “Hold” and an average target price of $20.50.
The firm has a market cap of $8.50 billion, a PE ratio of 76.67 and a beta of 1.00. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.58.
Under Armour (NYSE:UA) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $1.20 billion during the quarter. Under Armour had a return on equity of 7.05% and a net margin of 0.12%. Equities research analysts expect that Under Armour Inc will post 0.35 EPS for the current year.
In other news, insider Paul Fipps sold 23,247 shares of Under Armour stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $19.49, for a total transaction of $453,084.03. Following the completion of the sale, the insider now directly owns 362,784 shares in the company, valued at approximately $7,070,660.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 15.90% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Focused Wealth Management Inc lifted its holdings in Under Armour by 495.7% in the 4th quarter. Focused Wealth Management Inc now owns 1,551 shares of the company’s stock worth $25,000 after purchasing an additional 1,943 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Under Armour in the 1st quarter worth approximately $27,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Under Armour by 54.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,935 shares of the company’s stock worth $31,000 after purchasing an additional 679 shares during the last quarter. Enlightenment Research LLC bought a new position in Under Armour in the 4th quarter worth approximately $34,000. Finally, Rehmann Capital Advisory Group increased its position in Under Armour by 152.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,188 shares of the company’s stock worth $37,000 after buying an additional 1,322 shares during the period. Hedge funds and other institutional investors own 32.22% of the company’s stock.
About Under Armour (NYSE:UA)
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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