Under Armour Inc. (UA) Sees Large Volume Increase
Under Armour Inc. (NYSE:UA) shares saw unusually-high trading volume on Friday . Approximately 3,964,915 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 3,630,874 shares.The stock last traded at $38.90 and had previously closed at $39.75.
A number of research firms have recently commented on UA. Citigroup Inc. reduced their price objective on shares of Under Armour from $56.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, June 1st. B. Riley reaffirmed a “buy” rating and set a $51.00 price objective on shares of Under Armour in a report on Wednesday, June 1st. Robert W. Baird reaffirmed a “buy” rating on shares of Under Armour in a report on Monday, May 16th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Under Armour in a report on Monday, May 16th. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $54.00 price objective on shares of Under Armour in a report on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Under Armour currently has an average rating of “Buy” and a consensus price target of $60.85.
The stock has a 50 day moving average of $41.09 and a 200-day moving average of $40.60. The stock has a market cap of $16.86 billion and a PE ratio of 99.38.
Under Armour (NYSE:UA) last released its earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $1 million for the quarter, compared to analyst estimates of $995.14 million. During the same period in the previous year, the company earned $0.07 earnings per share. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. On average, equities research analysts anticipate that Under Armour Inc. will post $0.58 EPS for the current fiscal year.
In other news, Director Douglas E. Coltharp sold 6,648 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $41.78, for a total transaction of $277,753.44. Following the completion of the sale, the director now owns 61,720 shares of the company’s stock, valued at approximately $2,578,661.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew C. Mirchin sold 16,015 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $42.92, for a total transaction of $687,363.80. Following the sale, the insider now directly owns 29,869 shares of the company’s stock, valued at approximately $1,281,977.48. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Under Armour stock. BNP Paribas Arbitrage SA increased its stake in Under Armour Inc. (NYSE:UA) by 167.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,234 shares of the apparel retailer’s stock after buying an additional 26,422 shares during the period. BNP Paribas Arbitrage SA’s holdings in Under Armour were worth $3,404,000 at the end of the most recent 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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