Under Armour Upgraded by Citigroup Inc. to Buy (UA)
Under Armour (NYSE:UA) was upgraded by stock analysts at Citigroup Inc. from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a $65.00 price objective on the stock, up from their previous price objective of $50.00. Citigroup Inc.’s price objective indicates a potential upside of 27.20% from the stock’s previous close.
Under Armour (NYSE:UA) traded up 3.05% on Wednesday, hitting $52.66. The stock had a trading volume of 1,422,844 shares. Under Armour has a 52 week low of $27.815 and a 52 week high of $62.395. The stock has a 50-day moving average of $49.27 and a 200-day moving average of $49.26. The company has a market cap of $11.223 billion and a P/E ratio of 66.54.
Under Armour (NYSE:UA) last posted its quarterly earnings results 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. Analysts expect that Under Armour will post $0.92 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group upgraded shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $65.00 price target on the stock, up previously from $50.00. Separately, 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. Finally, 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $75.11.
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 dated Tuesday, May 27th. The stock was sold at an average price of $49.82, for a total transaction of $124,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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