Trade Report: Today, Investors Sell Shares of Under Armour Inc. (UA) on Strength After Analyst Downgrade

Today, Investors Sell Shares of Under Armour Inc. (UA) on Strength After Analyst Downgrade

Investors sold shares of Under Armour Inc. (NYSE:UA) on strength during trading on Monday after Stifel Nicolaus lowered their price target on the stock from $33.00 to $28.00. $54.75 million flowed into the stock on the tick-up and $76.42 million flowed out of the stock on the tick-down, for a money net flow of $21.67 million out of the stock. Of all companies tracked, Under Armour had the 30th highest net out-flow for the day. Under Armour traded up $0.57 for the day and closed at $31.17

Other equities research analysts have also recently issued reports about the stock. Bank of America Corp. set a $54.00 price objective on shares of Under Armour and gave the stock a “buy” rating in a research report on Saturday, September 17th. Canaccord Genuity set a $65.00 price objective on shares of Under Armour and gave the stock a “buy” rating in a research report on Saturday, September 17th. B. Riley restated a “buy” rating and set a $51.00 price objective on shares of Under Armour in a research report on Wednesday, October 19th. Vetr upgraded shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $44.06 price objective for the company in a research report on Tuesday, August 2nd. Finally, Nomura began coverage on shares of Under Armour in a research report on Tuesday, September 13th. They set a “neutral” rating and a $38.00 price objective for the company. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $46.68.

Several large investors have recently added to or reduced their stakes in UA. Columbus Circle Investors raised its stake 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 in the last quarter. Baillie Gifford & Co. raised its stake 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 in the last quarter. LMR Partners LLP raised its stake in Under Armour by 163.8% in the second quarter. LMR Partners LLP now owns 21,284 shares of the apparel retailer’s stock valued at $854,000 after buying an additional 13,217 shares in the last quarter. Essex Financial Services Inc. raised its stake in Under Armour by 22.4% in the second quarter. Essex Financial Services Inc. now owns 8,620 shares of the apparel retailer’s stock valued at $346,000 after buying an additional 1,575 shares in the last quarter. Finally, Allstate Corp acquired a new stake in Under Armour during the second quarter valued at approximately $355,000. Institutional investors and hedge funds own 34.85% of the company’s stock.

The company has a 50 day moving average of $33.66 and a 200-day moving average of $37.93. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 69.27 and a beta of 0.16.

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

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