CFO Bergman David sold 2,500 shares in Under Armour, Inc. (NYSE:UA) for $157,666 in transaction occurred on 2018/11/30. After making this transaction, the CFO owns a direct stake of 55,000 shares, worth $3,463,922, as per the last closing price. On 2018/11/06 Bergman David, CFO at UA, dumped 5,000 shares at an average price of $21.3 per share. The selling total is valued at $3,518,847.
Separately, it had been reported that some other UA insiders also took part of the insider trading activity. CFO, Bergman David had divested 5,000 shares for $165,166 through a trade on 2018/08/22. Following this activity, the insider holds 99,450 shares worth $3,628,697 as of recent close. Wall Street’s most bullish Under Armour, Inc. (NYSE:UA) analysts are predicting the share price to blow past $32 per share during the next 12 months. The current median share price forecast by them is $21, suggesting that the stock could increase -4.42% in that time frame. The average price target of $21 calls for a nearly -4.42% increase in the stock price.
Under Armour, Inc. (UA) trading activity significantly improved as the volume at ready counter increased to 3,560,018 shares versus 3,186,515 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,508,708 shares. The share price dropped -2.49% in recent trade and currently has a stock-market value of $0. The shares finished at $21.97, after trading as low as $21.73 earlier in the session. It hit an intraday high Tuesday at $22.808. The stock is now 93.23% above against its bear-market low of $11.37 on December 06, 2017. It has retreated -5.96% since it’s 52-week high of $23.28 reached in December. Now the market price is up 83.39% on the year and up 64.94% YTD.
UA’s 50 day simple moving average (SMA 50) price is $19.31 and its 200-day simple moving average (SMA 200) price is $18.19. The company’s stock currently has a total float of 375.79M shares. Its weekly volatility is hovering around 4.82% and felt 3.9% volatility in price over a month. On the upside, the share price will test short term resistance at around $22.61. On a downside, the stock is likely to find some support, which begins at $21.53. The failure to get near-term support could push it to $21.09.
It had seen a negative analyst call from Instinet, which downgraded the stock from Neutral to Reduce on February 27. Analysts at Morgan Stanley, shed their negative views on February 14 by lifting it fromUnderweight to Equal-Weight. Brokerage firm Stifel, looks cautious as they stick to prior recommendation of Hold, in a call on November 28. However, they did change the target price from $33 to $28. Telsey Advisory Group analysts came out with bearish views on October 26 when the call was made. They think the stock is now Market Perform compared to to their prior call for Outperform.
Moreover, it trades for 57.82 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 4.91x price/book and 0x price/sales.
Shares of Under Armour, Inc. (UA) have gained 34% since the company’s last earnings report. Over the past 4 fiscal quarters, Under Armour, Inc. (NYSE:UA) has topped consensus earnings estimates in 3 quarters (27%), missed earnings in 1 quarters (9%), whereas at 0 occasion EPS met analyst expectations. UA last reported earnings on October 30, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.25 per share, -99.76% change on the same period last year. That was better than consensus for $0.12. Revenue for the recent quarter stood at $1.44 billion, up 3% on last year and above the $1.42 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.33 billion to $1.46 billion, which should be compared with $1.41 billion generated last year. EPS is seen in a range of 0.00E+00 to $0.14, against the $0.09 reported a year ago.