Vetr lowered shares of Under Armour Inc. (NYSE:UA) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday. Vetr currently has $41.41 price target on the apparel retailer’s stock.

A number of other brokerages have also recently weighed in on UA. B. Riley reiterated a buy rating and set a $51.00 price target on shares of Under Armour in a research report on Monday, July 25th. Canaccord Genuity set a $65.00 target price on Under Armour and gave the company a buy rating in a research report on Thursday, July 21st. Cowen and Company restated an outperform rating and issued a $46.00 target price on shares of Under Armour in a research report on Monday, August 15th. Brean Capital restated a hold rating on shares of Under Armour in a research report on Tuesday, August 16th. Finally, DA Davidson restated a buy rating and issued a $48.00 target price on shares of Under Armour in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $56.26.

Under Armour (NYSE:UA) opened at 38.12 on Tuesday. The company’s 50-day moving average price is $39.45 and its 200-day moving average price is $40.13. The stock has a market capitalization of $16.67 billion, a PE ratio of 98.25 and a beta of 0.39. Under Armour has a one year low of $31.61 and a one year high of $50.80.

Under Armour (NYSE:UA) last announced its quarterly earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $1 million for the quarter, compared to analyst estimates of $995.14 million. Under Armour had a return on equity of 13.79% and a net margin of 5.24%. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. Equities research analysts predict that Under Armour will post $0.58 EPS for the current year.

In related news, Director Byron K. Adams, Jr. sold 34,726 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $40.00, for a total value of $1,389,040.00. Following the completion of the transaction, the director now owns 46,293 shares in the company, valued at approximately $1,851,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas E. Coltharp sold 6,648 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $41.78, for a total transaction of $277,753.44. Following the completion of the transaction, the director now owns 61,720 shares of the company’s stock, valued at approximately $2,578,661.60. The disclosure for this sale can be found here. 16.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of UA. Baillie Gifford & Co. boosted its position in Under Armour by 211.1% in the second quarter. Baillie Gifford & Co. now owns 13,941,697 shares of the apparel retailer’s stock valued at $559,480,000 after buying an additional 9,460,529 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Under Armour by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,540,396 shares of the apparel retailer’s stock valued at $385,162,000 after buying an additional 31,810 shares during the period. Wellington Management Group LLP boosted its position in Under Armour by 13,607.6% in the first quarter. Wellington Management Group LLP now owns 1,863,417 shares of the apparel retailer’s stock valued at $158,073,000 after buying an additional 1,849,823 shares during the period. UBS Asset Management Americas Inc. boosted its position in Under Armour by 318.8% in the first quarter. UBS Asset Management Americas Inc. now owns 1,672,152 shares of the apparel retailer’s stock valued at $141,848,000 after buying an additional 1,272,879 shares during the period. Finally, Geode Capital Management LLC boosted its position in Under Armour by 6.5% in the first quarter. Geode Capital Management LLC now owns 1,513,607 shares of the apparel retailer’s stock valued at $128,146,000 after buying an additional 91,779 shares during the period. Hedge funds and other institutional investors own 36.56% of the company’s stock.

About Under Armour

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

5 Day Chart for NYSE:UA

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