Under Armour (UAA) Stock Price Up 7.8%

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

A number of research analysts recently issued reports on UAA shares. Citigroup upgraded shares of Under Armour from a “neutral” rating to a “buy” rating and raised their target price for the company from $23.00 to $29.00 in a research note on Wednesday, April 10th. ValuEngine upgraded shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Goldman Sachs Group upgraded shares of Under Armour from a “neutral” rating to a “buy” rating and raised their target price for the company from $24.00 to $28.00 in a research note on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, February 15th. Finally, Morgan Stanley raised their target price on shares of Under Armour from $21.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, February 14th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.03.

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 2.02. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 76.06, a price-to-earnings-growth ratio of 3.27 and a beta of 0.45.

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

In other Under Armour news, insider Paul Fipps sold 3,106 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $21.55, for a total value of $66,934.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of UAA. Quadrant Capital Group LLC bought a new stake in Under Armour in the 1st quarter valued at $25,000. Rockefeller Capital Management L.P. bought a new stake in Under Armour in the 1st quarter valued at $27,000. Bremer Trust National Association bought a new stake in Under Armour in the 4th quarter valued at $32,000. Bremer Bank National Association bought a new stake in Under Armour in the 1st quarter valued at $42,000. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Under Armour by 3,672.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 762,920 shares of the company’s stock valued at $43,000 after purchasing an additional 742,694 shares during the period. 35.42% of the stock is owned by hedge funds and other 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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