Trading Report: The Under Armour’s (UA) “Outperform” Rating Reiterate at FBR & Co

The Under Armour’s (UA) “Outperform” Rating Reiterate at FBR & Co

FBR & Co reiterated their outperform rating on shares of Under Armour Inc. (NYSE:UA) in a research report report published on Wednesday morning. They currently have a $39.00 price objective on the apparel retailer’s stock.

A number of other equities research analysts have also issued reports on UA. Deutsche Bank AG reiterated a buy rating on shares of Under Armour in a research note on Sunday, July 17th. Morgan Stanley restated a sell rating on shares of Under Armour in a research note on Saturday, July 9th. B. Riley restated a buy rating and set a $51.00 price objective on shares of Under Armour in a research note on Monday, October 24th. Canaccord Genuity set a $65.00 price objective on Under Armour and gave the company a buy rating in a research note on Saturday, September 17th. Finally, Bank of America Corp. set a $54.00 price objective on Under Armour and gave the company a buy rating in a research note on Saturday, September 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $46.85.

Under Armour (NYSE:UA) opened at 30.94 on Wednesday. Under Armour has a 12-month low of $30.63 and a 12-month high of $48.77. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 68.76 and a beta of 0.39. The stock has a 50 day moving average price of $37.81 and a 200-day moving average price of $39.60.

Under Armour (NYSE:UA) last posted its earnings results on Tuesday, October 25th. The apparel retailer reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Under Armour had a return on equity of 14.60% and a net margin of 5.53%. The business earned $1.47 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities analysts forecast that Under Armour will post $0.60 earnings per share for the current year.

In other Under Armour news, CRO Karl-Heinz Maurath sold 54,632 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $43.34, for a total value of $2,367,750.88. Following the completion of the sale, the executive now owns 25,840 shares of the company’s stock, valued at $1,119,905.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Byron K. Adams, Jr. sold 34,726 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $40.00, for a total value of $1,389,040.00. Following the completion of the sale, the director now directly owns 46,293 shares of the company’s stock, valued at approximately $1,851,720. The disclosure for this sale can be found here. 16.50% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in UA. Boothbay Fund Management LLC acquired a new position in Under Armour during the first quarter worth approximately $204,000. Canada Pension Plan Investment Board raised its position in Under Armour by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the apparel retailer’s stock worth $212,000 after buying an additional 1,200 shares during the last quarter. Mariner Wealth Advisors LLC raised its position in Under Armour by 8.6% in the first quarter. Mariner Wealth Advisors LLC now owns 3,018 shares of the apparel retailer’s stock worth $256,000 after buying an additional 240 shares during the last quarter. Tredje AP fonden raised its position in Under Armour by 710.0% in the second quarter. Tredje AP fonden now owns 4,050 shares of the apparel retailer’s stock worth $163,000 after buying an additional 3,550 shares during the last quarter. Finally, Geduld E E acquired a new position in Under Armour during the second quarter worth approximately $201,000. 36.61% of the stock is owned by institutional investors.

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