Barclays reissued their overweight rating on shares of Under Armour Inc (NYSE:UA) in a research report report published on Friday morning, ARN reports. The firm currently has a $110.00 target price on the apparel retailer’s stock.

In other news, CEO Kevin A. Plank sold 450,000 shares of the business’s stock in a transaction that occurred on Monday, November 23rd. The stock was sold at an average price of $91.99, for a total value of $41,395,500.00. Following the transaction, the chief executive officer now directly owns 190,123 shares of the company’s stock, valued at approximately $17,489,414.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kerry D. Chandler sold 3,588 shares of the business’s stock in a transaction that occurred on Friday, November 20th. The stock was sold at an average price of $91.53, for a total value of $328,409.64. Following the completion of the transaction, the insider now directly owns 10,974 shares in the company, valued at $1,004,450.22. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently bought and sold shares of the company. Eagle Asset Management boosted its position in Under Armour by 134.0% in the third quarter. Eagle Asset Management now owns 484,012 shares of the apparel retailer’s stock valued at $46,842,000 after buying an additional 277,192 shares during the period. Chevy Chase Trust Holdings boosted its position in Under Armour by 0.8% in the fourth quarter. Chevy Chase Trust Holdings now owns 154,279 shares of the apparel retailer’s stock valued at $12,437,000 after buying an additional 1,214 shares during the period. PGGM Investments boosted its position in Under Armour by 91.4% in the fourth quarter. PGGM Investments now owns 145,979 shares of the apparel retailer’s stock valued at $11,767,000 after buying an additional 69,714 shares during the period. Commonwealth Equity Services boosted its position in Under Armour by 29.8% in the fourth quarter. Commonwealth Equity Services now owns 124,118 shares of the apparel retailer’s stock valued at $10,005,000 after buying an additional 28,464 shares during the period. Finally, Taylor Wealth Management Partners boosted its position in Under Armour by 2.7% in the fourth quarter. Taylor Wealth Management Partners now owns 92,089 shares of the apparel retailer’s stock valued at $7,423,000 after buying an additional 2,448 shares during the period.

Other equities analysts have also recently issued reports about the company. B. Riley reiterated a neutral rating and set a $100.00 price target on shares of Under Armour in a research report on Wednesday, October 21st. Stifel Nicolaus reissued a buy rating on shares of Under Armour in a research note on Tuesday, December 29th. Canaccord Genuity reissued a buy rating and set a $130.00 price objective on shares of Under Armour in a research note on Wednesday, December 23rd. Sterne Agee CRT reissued a buy rating on shares of Under Armour in a research note on Tuesday, December 29th. Finally, Morgan Stanley lowered Under Armour from an equal weight rating to an underweight rating and reduced their price objective for the stock from $103.00 to $62.00 in a research note on Monday, January 11th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. Under Armour has an average rating of Buy and a consensus price target of $103.07.

Under Armour (NYSE:UA) opened at 70.79 on Friday. The company has a 50-day moving average price of $78.62 and a 200 day moving average price of $91.28. The firm has a market capitalization of $15.28 billion and a price-to-earnings ratio of 72.38. Under Armour has a 1-year low of $63.23 and a 1-year high of $105.89.

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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