Under Armour’s (UA) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Under Armour Inc (NYSE:UA) in a research note issued to investors on Friday, April 14th. Wedbush currently has a $25.00 target price on the stock.

UA has been the subject of a number of other reports. Vetr upgraded Under Armour from a buy rating to a strong-buy rating and set a $20.49 price objective for the company in a research note on Monday, April 10th. Zacks Investment Research downgraded Under Armour from a hold rating to a sell rating in a research note on Wednesday, March 8th. Robert W. Baird reissued an outperform rating and issued a $25.00 price target on shares of Under Armour in a research note on Friday, April 14th. Piper Jaffray Companies set a $17.00 price target on Under Armour and gave the stock a hold rating in a research note on Monday, April 10th. Finally, Wells Fargo & Co reissued a market weight rating and issued a $17.00 price target on shares of Under Armour in a research note on Wednesday, March 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $20.14.

Under Armour (NYSE:UA) traded up 1.333% during midday trading on Friday, hitting $17.865. 3,858,690 shares of the stock traded hands. Under Armour has a 52-week low of $17.05 and a 52-week high of $42.94. The firm has a market cap of $7.87 billion and a PE ratio of 45.114. The stock has a 50-day moving average of $18.47 and a 200 day moving average of $21.76.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, April 27th. The company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.20 billion. Equities analysts forecast that Under Armour will post $0.42 EPS for the current year.

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In related news, Director A B. Krongard sold 4,717 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $19.70, for a total transaction of $92,924.90. Following the completion of the sale, the director now owns 73,939 shares in the company, valued at approximately $1,456,598.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kerry D. Chandler sold 5,965 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $19.79, for a total value of $118,047.35. Following the completion of the sale, the insider now owns 114,108 shares of the company’s stock, valued at approximately $2,258,197.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,399 shares of company stock valued at $304,605.

Institutional investors have recently bought and sold shares of the company. Arbor Wealth Management LLC bought a new position in Under Armour during the fourth quarter valued at approximately $5,683,000. Peloton Wealth Strategists purchased a new stake in Under Armour during the third quarter valued at approximately $203,000. Horan Capital Management boosted its stake in shares of Under Armour by 7.6% in the third quarter. Horan Capital Management now owns 6,394 shares of the company’s stock worth $247,000 after buying an additional 450 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Under Armour by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock worth $137,000 after buying an additional 220 shares during the period. Finally, BTC Capital Management Inc. bought a new stake in shares of Under Armour during the third quarter worth approximately $280,000.

About Under Armour

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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