Traders purchased shares of Under Armour Inc. (NYSE:UA) on weakness during trading hours on Friday. $43.05 million flowed into the stock on the tick-up and $40.54 million flowed out of the stock on the tick-down, for a money net flow of $2.51 million into the stock. Of all companies tracked, Under Armour had the 15th highest net in-flow for the day. Under Armour traded down ($0.09) for the day and closed at $40.43

A number of research analysts have recently weighed in on UA shares. Brean Capital reissued a “buy” rating and issued a $88.00 price objective on shares of Under Armour in a report on Tuesday, April 5th. Canaccord Genuity reaffirmed a “buy” rating and set a $65.00 target price on shares of Under Armour in a report on Tuesday, April 19th. Vetr lowered Under Armour from a “buy” rating to a “hold” rating and set a $87.38 target price on the stock. in a report on Thursday, March 31st. Sterne Agee CRT reaffirmed a “buy” rating on shares of Under Armour in a report on Tuesday, March 22nd. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $54.00 target price on shares of Under Armour in a report on Tuesday, May 10th. One 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 company presently has an average rating of “Buy” and a consensus target price of $69.63.

The firm’s 50 day moving average is $38.08 and its 200-day moving average is $39.76. The stock has a market capitalization of $35.33 billion and a price-to-earnings ratio of 75.71.

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

In related news, EVP James H. Hardy, Jr. sold 32,500 shares of the stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $46.69, for a total value of $1,517,425.00. Following the completion of the sale, the executive vice president now directly owns 38,009 shares in the company, valued at approximately $1,774,640.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Harvey Sanders sold 8,400 shares of the stock in a transaction on Monday, April 25th. The shares were sold at an average price of $46.42, for a total value of $389,928.00. Following the completion of the sale, the director now owns 243,826 shares of the company’s stock, valued at $11,318,402.92. The disclosure for this sale can be found here.

A number of hedge funds recently made changes to their positions in UA. Vanguard Group Inc. increased 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 in the last quarter. Jennison Associates LLC increased 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 in the last quarter. Brown Advisory Inc. increased 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 in the last quarter. Morgan Stanley increased 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 in the last quarter. Finally, California Public Employees Retirement System increased 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 in 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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