Under Armour Inc. (NYSE:UA) shot up 5.2% during trading on Thursday . The company traded as high as $41.28 and last traded at $41.13, with a volume of 3,941,321 shares trading hands. The stock had previously closed at $39.09.

Several research analysts have recently issued reports on the company. B. Riley restated a “buy” rating and issued a $54.00 price objective (up from $50.00) on shares of Under Armour in a research note on Tuesday, April 19th. Morgan Stanley restated a “sell” rating on shares of Under Armour in a research note on Sunday, April 17th. Cowen and Company restated a “buy” rating on shares of Under Armour in a research note on Saturday, April 23rd. Telsey Advisory Group restated a “buy” rating on shares of Under Armour in a research note on Saturday, April 23rd. Finally, Piper Jaffray Cos. upgraded Under Armour to a “hold” rating in a research note on Saturday, April 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $63.12.

The company has a 50-day moving average of $40.07 and a 200-day moving average of $40.21. The company has a market capitalization of $17.90 billion and a PE ratio of 105.52.

Under Armour (NYSE:UA) last announced its earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The business earned $1 million during the quarter, compared to analysts’ expectations of $995.14 million. The business’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. Equities analysts anticipate that Under Armour Inc. will post $0.58 earnings per share for the current fiscal year.

In other Under Armour news, Director Byron K. Adams, Jr. sold 34,726 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $40.00, for a total transaction of $1,389,040.00. Following the sale, the director now owns 46,293 shares in the company, valued at approximately $1,851,720. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Other hedge funds and institutional investors have modified their holdings of the company. Jennison Associates LLC raised its position 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 worth $1,045,285,000 after buying an additional 1,085,523 shares in the last quarter. BlackRock Advisors LLC raised its position in shares of Under Armour by 44.5% in the fourth quarter. BlackRock Advisors LLC now owns 165,515 shares of the apparel retailer’s stock worth $13,342,000 after buying an additional 51,011 shares in the last quarter. KBC Group NV raised its position in shares of Under Armour by 313.0% in the fourth quarter. KBC Group NV now owns 38,762 shares of the apparel retailer’s stock worth $3,125,000 after buying an additional 29,376 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Under Armour by 167.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 42,234 shares of the apparel retailer’s stock worth $3,404,000 after buying an additional 26,422 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its position in shares of Under Armour by 21.9% in the fourth quarter. State of Tennessee Treasury Department now owns 125,109 shares of the apparel retailer’s stock worth $10,084,000 after buying an additional 22,498 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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