Under Armour (UAA) Shares Up 7.8%

Under Armour Inc (NYSE:UAA)’s share price shot up 7.8% on Friday . The company traded as high as $23.71 and last traded at $23.58. 14,480,762 shares traded hands during mid-day trading, an increase of 195% from the average session volume of 4,903,068 shares. The stock had previously closed at $21.88.

Several equities research analysts recently issued reports on the company. Credit Suisse Group reissued a “neutral” rating and issued a $26.00 price objective on shares of Under Armour in a research note on Tuesday, April 30th. Zacks Investment Research downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. ValuEngine downgraded Under Armour from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $22.00 price objective on shares of Under Armour in a research note on Tuesday, February 12th. Finally, UBS Group increased their price objective on Under Armour from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 13th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.03.

The company has a debt-to-equity ratio of 0.58, a current ratio of 2.02 and a quick ratio of 1.22. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 87.33, a PEG ratio of 2.96 and a beta of 0.45.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter. Under Armour had a return on equity of 7.17% and a net margin of 0.12%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Under Armour’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Under Armour Inc will post 0.35 EPS for the current year.

In other news, insider Paul Fipps sold 3,106 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $21.55, for a total transaction of $66,934.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Teachers Advisors LLC grew its position in shares of Under Armour by 42.9% during the 3rd quarter. Teachers Advisors LLC now owns 2,527,113 shares of the company’s stock valued at $53,625,000 after acquiring an additional 758,709 shares during the period. Vanguard Group Inc grew its holdings in Under Armour by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 18,886,120 shares of the company’s stock valued at $400,763,000 after purchasing an additional 120,978 shares during the last quarter. DNB Asset Management AS grew its holdings in Under Armour by 22.3% during the 4th quarter. DNB Asset Management AS now owns 19,222 shares of the company’s stock valued at $340,000 after purchasing an additional 3,500 shares during the last quarter. Simmons Bank grew its holdings in Under Armour by 4.5% during the 4th quarter. Simmons Bank now owns 34,967 shares of the company’s stock valued at $618,000 after purchasing an additional 1,493 shares during the last quarter. Finally, Frontier Capital Management Co. LLC bought a new position in Under Armour during the 4th quarter valued at about $25,923,000. 35.42% of the stock is owned by institutional investors.

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Under Armour Company Profile (NYSE:UAA)

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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