Under Armour Inc. (NYSE:UA) has received a consensus recommendation of “Buy” from the thirty-five analysts that are covering the firm. One research analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $44.98.

UA has been the subject of a number of research analyst reports. 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. Canaccord Genuity set a $65.00 price objective on Under Armour and gave the stock a “buy” rating in a report on Thursday, July 21st. DA Davidson restated a “buy” rating and set a $48.00 price objective on shares of Under Armour in a report on Monday, July 18th. Deutsche Bank AG restated a “buy” rating on shares of Under Armour in a report on Sunday, July 17th. Finally, Cowen and Company set a $46.00 price objective on Under Armour and gave the stock a “buy” rating in a report on Wednesday, July 27th.

Shares of Under Armour (NYSE:UA) opened at 31.82 on Wednesday. The firm’s 50-day moving average price is $35.66 and its 200-day moving average price is $38.67. Under Armour has a one year low of $30.06 and a one year high of $47.95. The stock has a market capitalization of $13.94 billion, a P/E ratio of 70.71 and a beta of 0.16.

Under Armour (NYSE:UA) last released its quarterly earnings data on Tuesday, October 25th. The apparel retailer reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The business earned $1.47 billion during the quarter, compared to the consensus estimate of $1.05 billion. Under Armour had a return on equity of 14.60% and a net margin of 5.53%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. Equities research analysts anticipate that Under Armour will post $0.60 EPS for the current fiscal year.

In other Under Armour news, insider Matthew C. Mirchin sold 16,015 shares of Under Armour stock in a transaction 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 owns 29,869 shares of the company’s stock, valued at approximately $1,281,977.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Karl-Heinz Maurath sold 54,632 shares of Under Armour stock in a transaction 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 approximately $1,119,905.60. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board raised its stake in shares of Under Armour by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the apparel retailer’s stock worth $212,000 after buying an additional 1,200 shares during the period. Wellington Management Group LLP raised its stake in shares of 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. Mariner Wealth Advisors LLC raised its stake in shares of Under Armour by 8.6% in the first quarter. Mariner Wealth Advisors LLC now owns 3,018 shares of the apparel retailer’s stock worth $256,000 after buying an additional 240 shares during the period. Renaissance Technologies LLC raised its stake in shares of 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. Finally, Nuveen Asset Management LLC raised its stake in shares of Under Armour by 65.2% in the first quarter. Nuveen Asset Management LLC now owns 36,172 shares of the apparel retailer’s stock worth $1,585,000 after buying an additional 14,276 shares during the period. 36.29% of the stock is owned by institutional investors.

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.

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