Under Armour Inc. (NYSE:UA) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $42.22 target price on the apparel retailer’s stock. Vetr‘s target price would indicate a potential upside of 12.20% from the company’s previous close.

Other analysts also recently issued research reports about the stock. B. Riley restated a “buy” rating and set a $51.00 price objective on shares of Under Armour in a report on Saturday, July 30th. Deutsche Bank AG restated a “buy” rating on shares of Under Armour in a report on Sunday, July 17th. Morgan Stanley restated a “sell” rating on shares of Under Armour in a report on Saturday, July 9th. Bank of America Corp. set a $54.00 price objective on shares of Under Armour and gave the stock a “buy” rating in a report on Saturday, September 17th. Finally, Canaccord Genuity set a $65.00 price objective on shares of Under Armour and gave the stock a “buy” rating in a report on Saturday, September 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $54.64.

Analyst Recommendations for Under Armour (NYSE:UA)

Shares of Under Armour (NYSE:UA) traded down 2.23% during mid-day trading on Monday, hitting $37.63. 2,826,900 shares of the stock were exchanged. The stock’s 50-day moving average is $38.93 and its 200-day moving average is $40.01. Under Armour has a 52 week low of $31.61 and a 52 week high of $50.62. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 96.98 and a beta of 0.39.

Under Armour (NYSE:UA) last released 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. Under Armour had a net margin of 5.24% and a return on equity of 13.79%. The firm had revenue of $1 million for the quarter, compared to the consensus estimate of $995.14 million. During the same period in the previous year, the business earned $0.07 earnings per share. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. Analysts forecast 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 dated Thursday, August 25th. The shares were sold at an average price of $42.92, for a total transaction of $687,363.80. Following the transaction, the insider now owns 29,869 shares in the company, valued at approximately $1,281,977.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Byron K. Adams, Jr. sold 34,726 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $40.00, for a total transaction of $1,389,040.00. Following the transaction, the director now owns 46,293 shares in the company, valued at approximately $1,851,720. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of UA. HL Financial Services LLC boosted its position in Under Armour by 2.1% in the second quarter. HL Financial Services LLC now owns 5,213 shares of the apparel retailer’s stock valued at $209,000 after buying an additional 105 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in Under Armour by 1.0% in the second quarter. HighPoint Advisor Group LLC now owns 18,746 shares of the apparel retailer’s stock valued at $737,000 after buying an additional 194 shares in the last quarter. Mariner Wealth Advisors LLC boosted its position in Under Armour by 8.6% in the first quarter. Mariner Wealth Advisors LLC now owns 3,018 shares of the apparel retailer’s stock valued at $256,000 after buying an additional 240 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Under Armour by 1.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,570 shares of the apparel retailer’s stock valued at $946,000 after buying an additional 376 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Under Armour by 1.0% in the first quarter. Arizona State Retirement System now owns 49,300 shares of the apparel retailer’s stock valued at $4,182,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 36.57% of the company’s stock.

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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