Under Armour CEO Kevin A. Plank Sells 123,750 Shares (UA)
Under Armour (NYSE:UA) CEO Kevin A. Plank unloaded 123,750 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $67.15, for a total value of $8,309,812.50. Following the transaction, the chief executive officer now directly owns 43,546 shares in the company, valued at approximately $2,924,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
UA has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Under Armour in a research note on Friday, July 25th. They now have a $60.00 price target on the stock, up previously from $50.00. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Under Armour in a research note on Friday, July 25th. They now have a $69.00 price target on the stock, up previously from $54.00. Finally, analysts at Telsey Advisory Group raised their price target on shares of Under Armour from $58.00 to $69.00 in a research note on Friday, July 25th. They now have a “not rated” rating on the stock. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Under Armour has an average rating of “Hold” and an average price target of $59.53.
Under Armour (NYSE:UA) traded up 1.03% during mid-day trading on Friday, hitting $67.44. 2,647,916 shares of the company’s stock traded hands. Under Armour has a one year low of $34.365 and a one year high of $70.94. The stock’s 50-day moving average is $60.89 and its 200-day moving average is $54.49. The company has a market cap of $14.377 billion and a price-to-earnings ratio of 87.03.
Under Armour (NYSE:UA) last announced its earnings results on Thursday, July 24th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $610.00 million for the quarter, compared to the consensus estimate of $572.47 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 34.1% on a year-over-year basis. Analysts expect that Under Armour will post $0.94 EPS 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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