Under Armour, Inc. (UA) Shares Up 5.9%
Shares of Under Armour, Inc. (NYSE:UA) shot up 5.9% during mid-day trading on Friday . The company traded as high as $16.02 and last traded at $15.91. 6,757,463 shares traded hands during mid-day trading, an increase of 76% from the average session volume of 3,832,540 shares. The stock had previously closed at $15.02.
A number of research firms have issued reports on UA. Jefferies Group LLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Under Armour in a report on Friday, October 13th. Canaccord Genuity set a $15.00 price objective on Under Armour and gave the stock a “hold” rating in a report on Thursday, October 12th. ValuEngine raised Under Armour from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. KeyCorp raised Under Armour to an “overweight” rating in a report on Monday, September 25th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Under Armour in a report on Friday, September 22nd. Nine research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $17.99.
The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 32.21 and a beta of 1.16. The company has a 50-day moving average of $15.49 and a 200-day moving average of $17.55.
Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.04. The business had revenue of $1.09 billion for the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. Analysts forecast that Under Armour, Inc. will post $0.37 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Quantitative Systematic Strategies LLC acquired a new stake in Under Armour during the third quarter worth approximately $279,000. Archford Capital Strategies LLC grew its position in Under Armour by 321.6% during the second quarter. Archford Capital Strategies LLC now owns 13,958 shares of the company’s stock worth $1,774,000 after buying an additional 10,647 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Under Armour during the second quarter worth approximately $215,000. Verition Fund Management LLC acquired a new stake in Under Armour during the second quarter worth approximately $639,000. Finally, Bank of Nova Scotia grew its position in Under Armour by 113.5% during the second quarter. Bank of Nova Scotia now owns 849,264 shares of the company’s stock worth $17,121,000 after buying an additional 451,485 shares in the last quarter. 30.25% of the stock is currently owned by institutional investors and hedge funds.
Under Armour Company Profile
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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