Under Armour Hits New 12-Month High at $71.79 (UA)
Under Armour (NYSE:UA) hit a new 52-week high during mid-day trading on Tuesday , StockRatingsNetwork.com reports. The stock traded as high as $71.79 and last traded at $70.31, with a volume of 1,470,667 shares trading hands. The stock had previously closed at $70.18.
UA has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Under Armour from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $73.60 price target on the stock. Separately, analysts at CRT Capital initiated coverage on shares of Under Armour in a research note on Tuesday, August 5th. They set a “fair value” rating and a $70.00 price target on the stock. They noted that the move was a valuation call. Finally, 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. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $61.76.
The stock has a 50-day moving average of $63.98 and a 200-day moving average of $56.63. The company has a market cap of $14.964 billion and a price-to-earnings ratio of 91.50.
Under Armour (NYSE:UA) last posted its quarterly 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.
In other Under Armour news, Director Thomas J. Sippel sold 8,564 shares of Under Armour stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $68.96, for a total value of $590,573.44. The transaction was disclosed in a legal filing 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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