Under Armour Inc. (NYSE:UA) shares were down 0.5% during mid-day trading on Friday . The stock traded as low as $40.18 and last traded at $40.30, with a volume of 2,288,981 shares traded. The stock had previously closed at $40.52.

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

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

Under Armour (NYSE:UA) last posted its earnings results 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 firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. The company’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. Equities research analysts forecast that Under Armour Inc. will post $0.58 EPS for the current fiscal year.

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

Several hedge funds and institutional investors recently added to or reduced their stakes in the company. Stephens Inc. AR increased its position in Under Armour by 36.2% in the fourth quarter. Stephens Inc. AR now owns 12,481 shares of the apparel retailer’s stock valued at $1,006,000 after buying an additional 3,319 shares during the period. Wellington Shields Capital Management LLC increased its position in Under Armour by 36.1% in the fourth quarter. Wellington Shields Capital Management LLC now owns 13,505 shares of the apparel retailer’s stock valued at $1,089,000 after buying an additional 3,585 shares during the period. Eaton Vance Management increased its position in Under Armour by 100.4% in the fourth quarter. Eaton Vance Management now owns 14,001 shares of the apparel retailer’s stock valued at $1,129,000 after buying an additional 7,014 shares during the period. Sawtooth Asset Management Inc. increased its position in Under Armour by 2,960.6% in the fourth quarter. Sawtooth Asset Management Inc. now owns 16,313 shares of the apparel retailer’s stock valued at $1,315,000 after buying an additional 15,780 shares during the period. Finally, Alpha Cubed Investments LLC increased its position in Under Armour by 21.5% in the fourth quarter. Alpha Cubed Investments LLC now owns 17,511 shares of the apparel retailer’s stock valued at $1,412,000 after buying an additional 3,096 shares during the period.

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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