Traders Sell Shares of Under Armour Inc. (UA) on Strength (UA)
Traders sold shares of Under Armour Inc. (NYSE:UA) on strength during trading hours on Monday. $19.06 million flowed into the stock on the tick-up and $44.21 million flowed out of the stock on the tick-down, for a money net flow of $25.15 million out of the stock. Of all companies tracked, Under Armour had the 0th highest net out-flow for the day. Under Armour traded up $0.01 for the day and closed at $41.69
Several equities research analysts have issued reports on the company. Vetr lowered Under Armour from a “buy” rating to a “hold” rating and set a $87.31 price target for the company. in a research note on Monday, March 21st. Mizuho reaffirmed a “buy” rating and set a $52.00 price target (up previously from $47.50) on shares of Under Armour in a research note on Monday, April 25th. Citigroup Inc. dropped their price target on Under Armour from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, June 1st. Deutsche Bank AG dropped their price target on Under Armour from $95.00 to $47.50 and set a “buy” rating for the company in a research note on Monday, April 18th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $43.00 price target (up previously from $35.00) on shares of Under Armour in a research note on Monday, April 25th. One equities research 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 company currently has a consensus rating of “Buy” and a consensus target price of $69.63.
The firm has a market capitalization of $36.43 billion and a price-to-earnings ratio of 78.07. The stock has a 50 day moving average price of $38.70 and a 200 day moving average price of $39.79.
Under Armour (NYSE:UA) last released its quarterly earnings results on Thursday, April 21st. The apparel retailer reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The firm earned $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm posted $0.05 earnings per share. Under Armour’s revenue for the quarter was up 30.1% compared to the same quarter last year. Equities research analysts expect that Under Armour Inc. will post $0.58 earnings per share for the current fiscal year.
In other Under Armour news, EVP James H. Hardy, Jr. sold 32,500 shares of Under Armour stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $46.69, for a total value of $1,517,425.00. Following the transaction, the executive vice president now directly owns 38,009 shares of the company’s stock, valued at $1,774,640.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey Sanders sold 8,400 shares of Under Armour stock in a transaction on Monday, April 25th. The stock was 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 directly owns 243,826 shares in the company, valued at $11,318,402.92. The disclosure for this sale can be found here.
A number of institutional investors have recently added to or reduced their stakes in UA. Vanguard Group Inc. raised its position in Under Armour by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 15,075,831 shares of the apparel retailer’s stock valued at $1,215,263,000 after buying an additional 464,127 shares in the last quarter. Jennison Associates LLC raised its stake 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 during the period. Morgan Stanley raised its stake in shares of Under Armour by 7.7% in the fourth quarter. Morgan Stanley now owns 2,605,773 shares of the apparel retailer’s stock worth $210,051,000 after buying an additional 185,317 shares during the period. RidgeWorth Capital Management LLC raised its stake in shares of Under Armour by 0.3% in the fourth quarter. RidgeWorth Capital Management LLC now owns 293,617 shares of the apparel retailer’s stock worth $23,668,000 after buying an additional 928 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Under Armour by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 282,101 shares of the apparel retailer’s stock worth $22,740,000 after buying an additional 4,376 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.