Under Armour (NYSE:UA) Shares Up 7.5%

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Under Armour Inc (NYSE:UA)’s stock price shot up 7.5% on Monday . The company traded as high as $8.99 and last traded at $8.88, 7,764,301 shares changed hands during trading. An increase of 36% from the average session volume of 5,707,182 shares. The stock had previously closed at $8.26.

A number of research firms recently weighed in on UA. TheStreet cut shares of Under Armour from a “c-” rating to a “d” rating in a research report on Monday, May 11th. BMO Capital Markets raised shares of Under Armour to a “hold” rating and set a $9.00 price target for the company in a research report on Monday, April 20th. William Blair reissued a “hold” rating on shares of Under Armour in a research report on Thursday, April 23rd. Zacks Investment Research cut shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Goldman Sachs Group cut shares of Under Armour to a “hold” rating and set a $9.00 price target for the company. in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $18.70.

The stock’s fifty day moving average price is $8.31 and its two-hundred day moving average price is $12.30. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of -7.79 and a beta of 1.56. The company has a current ratio of 1.70, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Under Armour (NYSE:UA) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.18). Under Armour had a negative net margin of 10.42% and a negative return on equity of 1.18%. The firm had revenue of $930.24 million during the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in UA. Lone Pine Capital LLC acquired a new stake in Under Armour during the 1st quarter worth $79,717,000. Norges Bank acquired a new stake in Under Armour during the 4th quarter worth $40,472,000. Ennismore Fund Management Ltd acquired a new stake in Under Armour during the 1st quarter worth $15,586,000. Nuveen Asset Management LLC raised its stake in Under Armour by 77.3% during the 1st quarter. Nuveen Asset Management LLC now owns 2,372,892 shares of the company’s stock worth $19,126,000 after acquiring an additional 1,034,663 shares in the last quarter. Finally, Credit Suisse AG raised its stake in Under Armour by 269.7% during the 4th quarter. Credit Suisse AG now owns 818,770 shares of the company’s stock worth $15,703,000 after acquiring an additional 597,324 shares in the last quarter. Institutional investors and hedge funds own 32.08% of the company’s stock.

About Under Armour (NYSE:UA)

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

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