Stock of the Day: Time to Buy Under Armour Inc After Today’s Significant Increase?

Stock of the Day: Time to Buy Under Armour Inc After Today's Significant Increase?

The stock of Under Armour Inc (NYSE:UA) is a huge mover today! About 1.18M shares traded hands. Under Armour Inc (NYSE:UA) has declined 5.83% since March 8, 2016 and is downtrending. It has underperformed by 15.15% the S&P500.
The move comes after 5 months positive chart setup for the $15.73 billion company. It was reported on Oct, 11 by We have $48.46 PT which if reached, will make NYSE:UA worth $4.25B more.

Analysts await Under Armour Inc (NYSE:UA) to report earnings on October, 27. They expect $0.25 EPS, up 8.70% or $0.02 from last year’s $0.23 per share. UA’s profit will be $103.05 million for 38.16 P/E if the $0.25 EPS becomes a reality. After $0.01 actual EPS reported by Under Armour Inc for the previous quarter, Wall Street now forecasts 2,400.00% EPS growth.

Under Armour Inc (NYSE:UA) Ratings Coverage

Out of 25 analysts covering Under Armour (NYSE:UA), 14 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 56% are positive. Under Armour has been the topic of 52 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was reinitiated by Wells Fargo on Tuesday, May 10 with “Market Perform”. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, December 23 report. DA Davidson maintained Under Armour Inc (NYSE:UA) on Friday, June 3 with “Buy” rating. On Friday, July 24 the stock rating was maintained by Citigroup with “Buy”. The rating was upgraded by Argus Research to “Buy” on Friday, July 31. The stock of Under Armour Inc (NYSE:UA) earned “Hold” rating by Jefferies on Wednesday, June 1. The stock of Under Armour Inc (NYSE:UA) earned “Buy” rating by Piper Jaffray on Wednesday, August 12. The stock of Under Armour Inc (NYSE:UA) has “Outperform” rating given on Friday, July 24 by Telsey Advisory Group. The firm earned “Outperform” rating on Wednesday, June 1 by Telsey Advisory Group. The rating was initiated by Susquehanna with “Positive” on Friday, August 12.

According to Zacks Investment Research, “Under Armour is a leading developer, marketer and distributor of branded performance products for men, women and youth. The brand’s moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products. The Company is an official supplier to the National Hockey League, the U.S. Ski Team, USA Rugby, the National Lacrosse League, and Major League Lacrosse; and the Company’s products are worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports. The Company’s products are currently sold in the United States, Canada, Japan and the United Kingdom.”

More notable recent Under Armour Inc (NYSE:UA) news were published by: which released: “Better Buy: Under Armour Inc or Adidas?” on September 29, 2016, also with their article: “3 Reasons Under Armour, Inc. Stock Could Fall” published on September 23, 2016, published: “4 Red Flags in Under Armour Inc’s Income Statement” on September 14, 2016. More interesting news about Under Armour Inc (NYSE:UA) were released by: and their article: “Under Armour Inc’s New Sportswear Line Is a Bold Move — and a Big Opportunity” published on September 17, 2016 as well as‘s news article titled: “Under Armour Stock: Under Armour Inc Could Gain 71% in 2017” with publication date: September 19, 2016.

UA Company Profile

Under Armour, Inc., incorporated on July 01, 1996, 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 creates and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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