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Under Armour (NYSE:UA) was upgraded by research analysts at Jefferies Group from a “hold” rating to a “buy” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $65.00 price target on the stock, up from their previous price target of $50.00. Jefferies Group’s target price points to a potential upside of 27.20% from the company’s current price.

In other Under Armour news, Insider James H. Hardy, Jr. unloaded 2,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $49.82, for a total transaction of $124,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott upgraded shares of Under Armour from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 30th. They now have a $55.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at KeyCorp raised their price target on shares of Under Armour from $35.00 to $38.00 in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $75.11.

Shares of Under Armour (NYSE:UA) traded up 4.87% on Wednesday, hitting $53.59. The stock had a trading volume of 4,476,095 shares. Under Armour has a 1-year low of $27.815 and a 1-year high of $62.395. The stock’s 50-day moving average is $49.27 and its 200-day moving average is $49.26. The company has a market cap of $11.421 billion and a P/E ratio of 66.54.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. On average, analysts predict that Under Armour will post $0.92 earnings per share for the current fiscal year.

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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