Trade Report: The Under Armour’s (UA) “Overweight” Rating Reiterate at Piper Jaffray Cos.

The Under Armour’s (UA) “Overweight” Rating Reiterate at Piper Jaffray Cos.

Piper Jaffray Cos. reiterated their overweight rating on shares of Under Armour Inc. (NYSE:UA) in a research note issued to investors on Wednesday morning. They currently have a $41.00 price target on the apparel retailer’s stock, down from their previous price target of $44.00.

Other research analysts have also recently issued reports about the stock. Vetr cut shares of Under Armour from a strong-buy rating to a buy rating and set a $44.04 price objective on the stock. in a research note on Wednesday, July 6th. B. Riley reissued a buy rating and issued a $51.00 price objective on shares of Under Armour in a research note on Saturday, July 30th. Canaccord Genuity set a $65.00 price objective on shares of Under Armour and gave the company a buy rating in a research note on Thursday, July 21st. DA Davidson reissued a buy rating and issued a $48.00 price objective on shares of Under Armour in a research note on Monday, July 18th. Finally, Deutsche Bank AG reissued a buy rating on shares of Under Armour in a research note on Sunday, July 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $46.85.

Shares of Under Armour (NYSE:UA) opened at 30.94 on Wednesday. The firm’s 50 day moving average is $37.81 and its 200 day moving average is $39.60. Under Armour has a 12 month low of $30.63 and a 12 month high of $48.77. The company has a market cap of $13.55 billion, a PE ratio of 68.76 and a beta of 0.39.

Under Armour (NYSE:UA) last announced its earnings results on Tuesday, October 25th. The apparel retailer reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Under Armour had a net margin of 5.53% and a return on equity of 14.60%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities analysts predict that Under Armour will post $0.60 earnings per share for the current year.

In other Under Armour news, insider Matthew C. Mirchin sold 16,015 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $42.92, for a total value of $687,363.80. Following the completion of the sale, the insider now directly owns 29,869 shares of the company’s stock, valued at approximately $1,281,977.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Byron K. Adams, Jr. sold 34,726 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $40.00, for a total transaction 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 $1,851,720. The disclosure for this sale can be found here. Insiders own 16.50% of the company’s stock.

A number of large investors have recently modified their holdings of UA. Baillie Gifford & Co. increased its stake in shares of Under Armour by 211.1% in the second quarter. Baillie Gifford & Co. now owns 13,941,697 shares of the apparel retailer’s stock worth $559,480,000 after buying an additional 9,460,529 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Under Armour by 13,607.6% in the first quarter. Wellington Management Group LLP now owns 1,863,417 shares of the apparel retailer’s stock worth $158,073,000 after buying an additional 1,849,823 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Under Armour by 6.5% in the first quarter. Geode Capital Management LLC now owns 1,513,607 shares of the apparel retailer’s stock worth $128,146,000 after buying an additional 91,779 shares during the last quarter. Columbus Circle Investors increased its stake in shares of Under Armour by 62.2% in the second quarter. Columbus Circle Investors now owns 1,238,599 shares of the apparel retailer’s stock worth $49,705,000 after buying an additional 475,061 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Under Armour by 0.7% in the first quarter. Legal & General Group Plc now owns 747,800 shares of the apparel retailer’s stock worth $63,436,000 after buying an additional 5,341 shares during the last quarter. 36.61% of the stock is owned by institutional investors and hedge funds.

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