Under Armour Reaches New 12-Month High at $72.38 (UA)
Under Armour (NYSE:UA) shares reached a new 52-week high during mid-day trading on Wednesday , StockRatingsNetwork reports. The stock traded as high as $72.38 and last traded at $70.80, with a volume of 1,490,906 shares. The stock had previously closed at $71.13.
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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $61.76.
The stock’s 50-day moving average is $67.09 and its 200-day moving average is $57.86. The company has a market cap of $15.074 billion and a P/E ratio of 92.74. Under Armour also was the target of unusually large options trading activity on Tuesday. Investors bought 13,182 call options on the stock. This is an increase of approximately 348% compared to the average daily volume of 2,942 call options.
Under Armour (NYSE:UA) last announced its earnings results on Thursday, July 24th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.16 earnings per share. Under Armour’s revenue was up 34.1% compared to the same quarter last year. On average, analysts predict that Under Armour will post $0.94 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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