Under Armour Inc. (NYSE:UA) shares shot up 5.2% during mid-day 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 changing hands. The stock had previously closed at $39.09.

A number of analysts have recently weighed in on UA shares. B. Riley reissued a “buy” rating and issued a $54.00 price objective (up previously from $50.00) on shares of Under Armour in a research report on Tuesday, April 19th. Morgan Stanley reissued a “sell” rating on shares of Under Armour in a research report on Sunday, April 17th. Deutsche Bank AG reissued a “buy” rating on shares of Under Armour in a research report on Sunday, July 17th. Wells Fargo & Co. reissued a “hold” rating on shares of Under Armour in a research report on Wednesday, June 1st. Finally, Canaccord Genuity reissued a “buy” rating and issued a $65.00 price objective on shares of Under Armour in a research report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $61.49.

The firm has a 50 day moving average price of $40.24 and a 200-day moving average price of $40.26. The company has a market cap of $17.97 billion and a price-to-earnings ratio of 105.90.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, July 26th. The apparel retailer reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. During the same period last year, the business posted $0.07 earnings per share. The firm had revenue of $1 million for the quarter, compared to analyst estimates of $995.14 million. Under Armour’s quarterly revenue was up 27.7% on a year-over-year basis. On average, equities research analysts forecast that Under Armour Inc. will post $0.58 EPS for the current fiscal year.

In other news, Director Byron K. Adams, Jr. sold 34,726 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $40.00, for a total transaction of $1,389,040.00. Following the completion of the transaction, the director now directly owns 46,293 shares of the company’s stock, valued at approximately $1,851,720. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Other hedge funds have recently added to or reduced their stakes in the company. Stephens Inc. AR boosted its stake 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 last quarter. Eaton Vance Management boosted its stake 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 last quarter. Advantus Capital Management Inc boosted its stake in Under Armour by 3.6% in the fourth quarter. Advantus Capital Management Inc now owns 17,511 shares of the apparel retailer’s stock valued at $1,412,000 after buying an additional 611 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Under Armour by 6.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 23,902 shares of the apparel retailer’s stock valued at $1,927,000 after buying an additional 1,388 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Under Armour by 11.2% in the fourth quarter. Advisors Asset Management Inc. now owns 27,110 shares of the apparel retailer’s stock valued at $2,185,000 after buying an additional 2,721 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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