Under Armour Inc. (NYSE:UA)’s share price traded down 0.5% on Friday . The stock traded as low as $40.18 and last traded at $40.30, with a volume of 2,288,981 shares trading hands. The stock had previously closed at $40.52.

Several equities research analysts have issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating on shares of Under Armour in a research note on Monday, May 16th. Jefferies Group reissued a “hold” rating and issued a $42.00 target price (down from $45.00) on shares of Under Armour in a research report on Wednesday, June 1st. They noted that the move was a valuation call. Vetr cut shares of Under Armour from a “buy” rating to a “hold” rating and set a $47.31 target price on the stock. in a research report on Thursday, April 21st. Sterne Agee CRT reissued a “buy” rating on shares of Under Armour in a research report on Monday, May 16th. Finally, Piper Jaffray Cos. reissued a “neutral” rating and issued a $35.00 target price on shares of Under Armour in a research report on Monday, April 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $69.63.

The company has a market cap of $35.33 billion and a PE ratio of 75.71. The stock has a 50 day moving average of $37.99 and a 200-day moving average of $39.76.

Under Armour (NYSE:UA) last released its quarterly earnings data on Thursday, April 21st. The apparel retailer reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. The business’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. Analysts expect that Under Armour Inc. will post $0.58 earnings per share for the current year.

In other news, insider Robin Thurston sold 17,140 shares of the stock in a transaction on Monday, April 25th. The stock was sold at an average price of $46.47, for a total transaction of $796,495.80. Following the sale, the insider now owns 37,492 shares in the company, valued at $1,742,253.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey Sanders sold 8,400 shares of the stock in a transaction on Monday, April 25th. The stock was sold at an average price of $46.42, for a total value of $389,928.00. Following the sale, the director now owns 243,826 shares in the company, valued at approximately $11,318,402.92. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Under Armour by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 15,075,831 shares of the apparel retailer’s stock valued at $1,215,263,000 after buying an additional 464,127 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Under Armour by 9.1% in the fourth quarter. Jennison Associates LLC now owns 12,967,193 shares of the apparel retailer’s stock valued at $1,045,285,000 after buying an additional 1,085,523 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Under Armour by 25.6% in the fourth quarter. Brown Advisory Inc. now owns 3,656,727 shares of the apparel retailer’s stock valued at $294,769,000 after buying an additional 746,010 shares during the last quarter. Morgan Stanley boosted its stake in shares of Under Armour by 7.7% in the fourth quarter. Morgan Stanley now owns 2,605,773 shares of the apparel retailer’s stock valued at $210,051,000 after buying an additional 185,317 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Under Armour by 1.1% in the fourth quarter. California Public Employees Retirement System now owns 442,200 shares of the apparel retailer’s stock valued at $35,646,000 after buying an additional 4,900 shares during the last quarter.

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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