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Under Armour (NYSE:UA)‘s stock had its “sell” rating reiterated by analysts at Sterne Agee in a research report issued to clients and investors on Thursday, reports.

Under Armour (NYSE:UA) traded down 7.54% during mid-day trading on Thursday, hitting $50.335. 11,000,472 shares of the company’s stock traded hands. Under Armour has a 52-week low of $27.75 and a 52-week high of $62.395. The stock’s 50-day moving average is $56.41 and its 200-day moving average is $47.49. The company has a market cap of $10.654 billion and a P/E ratio of 72.59. Under Armour also was the recipient of unusually large options trading activity on Wednesday. Investors bought 19,195 call options on the stock. This represents an increase of approximately 312% compared to the average volume of 4,657 call options.

Under Armour (NYSE:UA) last announced its earnings results on Thursday, April 24th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.02. The company had revenue of $642.00 million for the quarter, compared to the consensus estimate of $598.78 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 36.0% on a year-over-year basis. On average, analysts predict that Under Armour will post $0.93 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on UA. Analysts at Barclays reiterated an “overweight” rating on shares of Under Armour in a research note on Wednesday. They now have a $60.00 price target on the stock, down previously from $105.00. Separately, analysts at Deutsche Bank cut their price target on shares of Under Armour from $100.00 to $50.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Under Armour to $60.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $79.50.

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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