Under Armour CEO Kevin A. Plank Sells 83,250 Shares (UA)
Under Armour (NYSE:UA) CEO Kevin A. Plank sold 83,250 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $106.10, for a total value of $8,832,825.00. Following the transaction, the chief executive officer now directly owns 26,866 shares of the company’s stock, valued at approximately $2,850,483. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Under Armour (NYSE:UA) traded up 1.24% on Thursday, hitting $106.17. 1,395,694 shares of the company’s stock traded hands. Under Armour has a one year low of $46.31 and a one year high of $108.72. The stock’s 50-day moving average is $89.26 and its 200-day moving average is $80.30. The company has a market cap of $11.222 billion and a price-to-earnings ratio of 69.91.
Under Armour (NYSE:UA) last released its earnings data on Friday, January 31st. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.06. The company had revenue of $683.00 million for the quarter, compared to the consensus estimate of $620.10 million. Analysts expect that Under Armour will post $1.85 EPS for the current fiscal year.
A number of research firms have recently commented on UA. Analysts at Bank of America Corp. raised their price target on shares of Under Armour from $95.00 to $120.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Under Armour from $92.00 to $120.00 in a research note to investors on Friday, January 31st. Finally, analysts at UBS AG raised their price target on shares of Under Armour from $88.00 to $105.00 in a research note to investors on Friday, January 31st. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $83.13.
Under Armour, Inc (NYSE:UA) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth.
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