Under Armour Inc. (NYSE:UA) rose 1.8% during trading on Friday . The company traded as high as $43.30 and last traded at $42.83, with a volume of 2,410,687 shares trading hands. The stock had previously closed at $42.06.

UA has been the topic of a number of research analyst reports. Bank of America Corp. restated a “buy” rating and issued a $54.00 target price on shares of Under Armour in a research report on Tuesday, May 10th. Wells Fargo & Co. initiated coverage on Under Armour in a research report on Tuesday, May 10th. They issued a “market perform” rating on the stock. Deutsche Bank AG downgraded Under Armour to a “buy” rating in a research report on Wednesday, June 1st. Vetr downgraded Under Armour from a “strong-buy” rating to a “buy” rating and set a $44.04 target price on the stock. in a research report on Wednesday, July 6th. Finally, Sterne Agee CRT restated a “buy” rating and issued a $60.00 target price on shares of Under Armour in a research report on Friday, May 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Under Armour presently has an average rating of “Buy” and a consensus price target of $61.51.

The stock has a 50-day moving average price of $40.83 and a 200 day moving average price of $40.38. The firm has a market capitalization of $18.81 billion and a price-to-earnings ratio of 110.85.

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

In related news, Director Byron K. Adams, Jr. sold 34,726 shares of Under Armour stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $40.00, for a total value of $1,389,040.00. Following the completion of the transaction, the director now directly owns 46,293 shares in the company, valued at $1,851,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas E. Coltharp sold 6,648 shares of Under Armour stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $41.78, for a total value of $277,753.44. Following the completion of the transaction, the director now owns 61,720 shares of the company’s stock, valued at $2,578,661.60. The disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of UA. KBC Group NV increased its position in 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 during the period. State of Tennessee Treasury Department increased its position in 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 during the period. BNP Paribas Arbitrage SA increased its position in 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 during the period. 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 worth $1,006,000 after buying an additional 3,319 shares during the period. Finally, US Bancorp DE increased its position in Under Armour by 12.9% in the fourth quarter. US Bancorp DE now owns 30,748 shares of the apparel retailer’s stock worth $2,478,000 after buying an additional 3,511 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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