Under Armour Inc. (NYSE:UA)‘s stock had its “overweight” rating reissued by equities researchers at Barclays PLC in a research note issued to investors on Saturday. They currently have a $55.00 price target on the apparel retailer’s stock. Barclays PLC’s target price would indicate a potential upside of 42.89% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. B. Riley restated a “buy” rating and set a $51.00 price target on shares of Under Armour in a research note on Wednesday, July 20th. Deutsche Bank AG reiterated a “buy” rating on shares of Under Armour in a research note on Sunday, July 17th. Morgan Stanley reiterated a “sell” rating on shares of Under Armour in a research note on Saturday, July 9th. Canaccord Genuity set a $65.00 price objective on shares of Under Armour and gave the company a “buy” rating in a research note on Saturday, September 17th. Finally, Bank of America Corp. set a $54.00 price objective on shares of Under Armour and gave the company a “buy” rating in a research note on Saturday, September 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.48.

Analyst Recommendations for Under Armour (NYSE:UA)

Under Armour (NYSE:UA) opened at 38.49 on Friday. Under Armour has a one year low of $32.03 and a one year high of $50.62. The firm has a market capitalization of $16.83 billion, a P/E ratio of 99.20 and a beta of 0.39. The stock’s 50 day moving average is $39.06 and its 200 day moving average is $40.08.

Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Under Armour had a return on equity of 13.79% and a net margin of 5.24%. The company had revenue of $1 million for the quarter, compared to analysts’ expectations of $995.14 million. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. On average, equities research analysts predict that Under Armour will post $0.58 earnings per share for the current fiscal year.

In other Under Armour news, insider Matthew C. Mirchin sold 16,015 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $42.92, for a total transaction of $687,363.80. Following the completion of the sale, the insider now directly owns 29,869 shares of the company’s stock, valued at $1,281,977.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Karl-Heinz Maurath sold 54,632 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $43.34, for a total transaction of $2,367,750.88. Following the sale, the executive now directly owns 25,840 shares of the company’s stock, valued at $1,119,905.60. The disclosure for this sale can be found here. Corporate insiders own 16.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. boosted its stake in shares of 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 in the last quarter. Scotia Capital Inc. boosted its stake in shares of Under Armour by 9.4% in the first quarter. Scotia Capital Inc. now owns 16,779 shares of the apparel retailer’s stock worth $1,424,000 after buying an additional 1,439 shares in the last quarter. Rafferty Asset Management LLC acquired a new stake in shares of Under Armour during the first quarter worth approximately $493,000. BB&T Securities LLC boosted its stake in shares of Under Armour by 11.8% in the first quarter. BB&T Securities LLC now owns 22,166 shares of the apparel retailer’s stock worth $1,880,000 after buying an additional 2,332 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of Under Armour by 1.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 88,200 shares of the apparel retailer’s stock worth $7,482,000 after buying an additional 1,100 shares in the last quarter. 36.56% of the stock is owned by institutional investors and hedge funds.

Under Armour Company Profile

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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