Under Armour CFO Unloads $1,643,760 in Stock (UA)
Under Armour (NYSE:UA) CFO Brad Dickerson sold 24,000 shares of Under Armour stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $68.49, for a total value of $1,643,760.00. Following the completion of the sale, the chief financial officer now directly owns 20,000 shares in the company, valued at approximately $1,369,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Under Armour (NYSE:UA) traded down 0.16% on Wednesday, hitting $68.24. The stock had a trading volume of 1,829,578 shares. Under Armour has a one year low of $34.43 and a one year high of $70.94. The stock’s 50-day moving average is $61.67 and its 200-day moving average is $55.16. The company has a market cap of $14.548 billion and a price-to-earnings ratio of 89.11.
Under Armour (NYSE:UA) last released its earnings data 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.
A number of analysts have recently weighed in on UA shares. Analysts at CRT Capital initiated coverage on shares of Under Armour in a research note on Tuesday. They set a “fair value” rating and a $70.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $60.03.
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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