Under Armour Inc (NYSE:UA)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a report issued on Tuesday, MarketBeat reports. They presently have a $130.00 price target on the apparel retailer’s stock. Canaccord Genuity’s price target suggests a potential upside of 89.56% from the company’s previous close.

Under Armour (NYSE:UA) traded up 22.46% on Tuesday, reaching $83.98. 15,314,431 shares of the company’s stock traded hands. The stock has a market capitalization of $18.12 billion and a price-to-earnings ratio of 85.87. Under Armour has a 52 week low of $63.23 and a 52 week high of $105.89. The firm has a 50-day moving average price of $76.90 and a 200-day moving average price of $90.96.

Under Armour (NYSE:UA) last released its quarterly earnings data on Thursday, January 28th. The apparel retailer reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company earned $1.17 billion during the quarter, compared to analysts’ expectations of $1.13 billion. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 EPS. On average, analysts predict that Under Armour will post $1.04 earnings per share for the current year.

Several other equities research analysts have also commented on UA. Vetr upgraded Under Armour from a “buy” rating to a “strong-buy” rating and set a $108.49 price objective on the stock in a research report on Tuesday, September 29th. Citigroup Inc. reaffirmed a “buy” rating and set a $116.00 target price (up from $114.00) on shares of Under Armour in a research note on Wednesday, October 7th. FBR & Co. reaffirmed a “buy” rating and set a $115.00 target price on shares of Under Armour in a research note on Tuesday, October 13th. Piper Jaffray downgraded Under Armour from an “overweight” rating to a “neutral” rating and set a $113.00 target price for the company. in a research note on Tuesday, October 13th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Under Armour in a research note on Wednesday, October 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have issued a buy rating to the company. Under Armour currently has a consensus rating of “Buy” and a consensus price target of $101.52.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Creative Planning raised its position in Under Armour by 50.0% in the fourth quarter. Creative Planning now owns 300 shares of the apparel retailer’s stock valued at $0 after buying an additional 100 shares during the period. Detwiler Fenton Investment Management purchased a new position in Under Armour during the fourth quarter valued at approximately $213,000. Lowe FS raised its position in Under Armour by 30.1% in the third quarter. Lowe FS now owns 2,394 shares of the apparel retailer’s stock valued at $232,000 after buying an additional 554 shares during the period. MUFG Americas purchased a new position in Under Armour during the third quarter valued at approximately $290,000. Finally, Candriam Luxembourg S.C.A. purchased a new position in Under Armour during the fourth quarter valued at approximately $315,000.

In other Under Armour news, insider Kerry D. Chandler sold 3,588 shares of Under Armour stock in a transaction that occurred on Friday, November 20th. The stock was sold at an average price of $91.53, for a total transaction of $328,409.64. Following the transaction, the insider now owns 10,974 shares of the company’s stock, valued at $1,004,450.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brad Dickerson sold 10,000 shares of Under Armour stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $95.56, for a total value of $955,600.00. Following the transaction, the chief financial officer now directly owns 56,838 shares in the company, valued at approximately $5,431,439.28. The disclosure for this sale can be found here.

Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s moisture-wicking fabrications are engineered in a range of designs and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s operating segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (NYSE:UA); Asia-Pacific; Latin America, and MapMyFitness. The Company also offers digital fitness platform licenses and subscriptions, along with digital advertising through its MapMyFitness business. Its apparel offers three gearlines, including HEATGEAR, COLDGEAR and ALLSEASONGEAR. Its footwear offerings include football, baseball, lacrosse, softball and soccer cleats, slides and performance training, running, basketball and outdoor footwear. Its accessories primarily include the sale of headwear, bags and gloves.

12 Month Chart for NYSE:UA

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