Under Armour (NYSE:UAA) Reaches New 52-Week High at $27.56

Under Armour Inc (NYSE:UAA)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $27.56 and last traded at $27.42, with a volume of 2267986 shares traded. The stock had previously closed at $26.56.

A number of research analysts have commented on the company. Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Credit Suisse Group upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Tuesday, April 30th. ValuEngine cut Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Co restated a “hold” rating on shares of Medidata Solutions in a research note on Thursday, June 13th. Finally, Citigroup assumed coverage on Dicks Sporting Goods in a research note on Wednesday, April 10th. They set a “neutral” rating and a $40.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $23.53.

The company has a market cap of $12.28 billion, a price-to-earnings ratio of 101.11, a price-to-earnings-growth ratio of 2.81 and a beta of 0.47. 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 firm’s 50 day simple moving average is $25.45.

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 for the quarter, compared to analysts’ expectations of $1.18 billion. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts expect that Under Armour Inc will post 0.35 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Under Armour by 5.1% in the fourth quarter. BlackRock Inc. now owns 12,307,017 shares of the company’s stock valued at $217,463,000 after buying an additional 596,283 shares in the last quarter. FMR LLC raised its stake in Under Armour by 38.7% in the fourth quarter. FMR LLC now owns 4,947,846 shares of the company’s stock valued at $87,429,000 after buying an additional 1,381,276 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in Under Armour by 25.0% in the first quarter. Artisan Partners Limited Partnership now owns 3,241,969 shares of the company’s stock valued at $68,535,000 after buying an additional 649,166 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in Under Armour by 50.8% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,988,920 shares of the company’s stock valued at $63,185,000 after buying an additional 1,007,159 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Under Armour by 10.5% in the fourth quarter. Geode Capital Management LLC now owns 2,412,785 shares of the company’s stock valued at $42,551,000 after buying an additional 228,475 shares in the last quarter. Institutional investors own 37.95% of the company’s stock.

About Under Armour (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.

Recommended Story: Back-End Load

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.