Trade Report: The Under Armour Inc. (UA) Upgraded to “Strong-Buy” by Vetr Inc.

The Under Armour Inc. (UA) Upgraded to “Strong-Buy” by Vetr Inc.

Under Armour Inc. (NYSE:UA) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The brokerage presently has a $42.22 price target on the apparel retailer’s stock. Vetr‘s price objective points to a potential upside of 12.20% from the company’s previous close.

Several other equities analysts have also commented on UA. Deutsche Bank AG reaffirmed a “buy” rating on shares of Under Armour in a research note on Sunday, July 17th. Morgan Stanley reissued a “sell” rating on shares of Under Armour in a research note on Saturday, July 9th. B. Riley reissued a “buy” rating and set a $51.00 target price on shares of Under Armour in a research note on Saturday, July 30th. Canaccord Genuity set a $65.00 target price on Under Armour and gave the stock a “buy” rating in a research note on Saturday, September 17th. Finally, Bank of America Corp. set a $54.00 target price on Under Armour and gave the stock a “buy” rating in a research note on Saturday, September 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $54.64.

Under Armour (NYSE:UA) traded down 2.23% during trading on Monday, reaching $37.63. The company’s stock had a trading volume of 2,826,900 shares. The stock has a market capitalization of $16.46 billion, a PE ratio of 96.98 and a beta of 0.39. The stock has a 50 day moving average price of $38.93 and a 200 day moving average price of $40.01. Under Armour has a 1-year low of $31.61 and a 1-year high of $50.62.

Under Armour (NYSE:UA) last announced its quarterly earnings results on Tuesday, July 26th. The apparel retailer reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Under Armour had a net margin of 5.24% and a return on equity of 13.79%. The business earned $1 million during the quarter, compared to analyst estimates of $995.14 million. During the same period last year, the company earned $0.07 EPS. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. Analysts anticipate that Under Armour will post $0.58 earnings per share for the current fiscal 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 transaction of $2,367,750.88. Following the transaction, the executive now owns 25,840 shares in the company, valued at $1,119,905.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Matthew C. Mirchin sold 16,015 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $42.92, for a total value of $687,363.80. Following the transaction, the insider now owns 29,869 shares in the company, valued at approximately $1,281,977.48. The disclosure for this sale can be found here. Company insiders own 16.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its position in Under Armour by 211.1% in the second quarter. Baillie Gifford & Co. now owns 13,941,697 shares of the apparel retailer’s stock valued at $559,480,000 after buying an additional 9,460,529 shares during the period. Wellington Management Group LLP boosted its position in 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 valued at $158,073,000 after buying an additional 1,849,823 shares during the period. UBS Asset Management Americas Inc. boosted its position in Under Armour by 318.8% in the first quarter. UBS Asset Management Americas Inc. now owns 1,672,152 shares of the apparel retailer’s stock valued at $141,848,000 after buying an additional 1,272,879 shares during the period. Geode Capital Management LLC boosted its position in 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 valued at $128,146,000 after buying an additional 91,779 shares during the period. Finally, Columbus Circle Investors boosted its position in Under Armour by 62.2% in the second quarter. Columbus Circle Investors now owns 1,238,599 shares of the apparel retailer’s stock valued at $49,705,000 after buying an additional 475,061 shares during the period. Institutional investors and hedge funds own 36.57% of the company’s stock.

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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