Under Armour Inc. (NYSE:UA) was upgraded by Piper Jaffray Cos. from a “neutral” rating to an “overweight” rating in a note issued to investors on Thursday.

A number of other analysts have also recently commented on the stock. DA Davidson restated a “buy” rating and set a $48.00 target price on shares of Under Armour in a report on Monday, July 18th. Vetr cut shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $44.22 target price on the stock. in a report on Monday, August 8th. Canaccord Genuity set a $65.00 target price on shares of Under Armour and gave the company a “buy” rating in a report on Thursday, July 21st. Wells Fargo & Co. upgraded shares of Under Armour from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $40.00 to $45.00 in a report on Wednesday. Finally, William Blair restated an “outperform” rating on shares of Under Armour in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $56.26.

Analyst Recommendations for Under Armour (NYSE:UA)

Under Armour (NYSE:UA) traded down 0.88% during mid-day trading on Thursday, reaching $38.18. 2,955,715 shares of the company were exchanged. The stock has a 50-day moving average price of $39.31 and a 200 day moving average price of $40.12. The company has a market capitalization of $16.70 billion, a PE ratio of 98.40 and a beta of 0.39. Under Armour has a one year low of $32.03 and a one year high of $50.72.

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

In other Under Armour news, CRO Karl-Heinz Maurath sold 54,632 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $43.34, for a total value of $2,367,750.88. Following the completion of the sale, the executive now owns 25,840 shares of the company’s stock, valued at $1,119,905.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Byron K. Adams, Jr. sold 34,726 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $40.00, for a total value of $1,389,040.00. Following the completion of the sale, the director now directly owns 46,293 shares of the company’s stock, valued at approximately $1,851,720. The disclosure for this sale can be found here. 16.50% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the company. Baillie Gifford & Co. increased its stake 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 worth $559,480,000 after buying an additional 9,460,529 shares during the period. Wellington Management Group LLP increased its stake 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 worth $158,073,000 after buying an additional 1,849,823 shares during the period. UBS Asset Management Americas Inc. increased its stake 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 worth $141,848,000 after buying an additional 1,272,879 shares during the period. 1832 Asset Management L.P. increased its stake in Under Armour by 374.7% in the first quarter. 1832 Asset Management L.P. now owns 908,100 shares of the apparel retailer’s stock worth $127,093,000 after buying an additional 716,800 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Under Armour by 829.1% in the first quarter. Renaissance Technologies LLC now owns 712,600 shares of the apparel retailer’s stock worth $60,450,000 after buying an additional 635,900 shares during the period. 36.56% of the stock is owned by institutional investors and hedge funds.

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

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