Under Armour, Inc. (UA) Receives Average Recommendation of “Hold” from Analysts

Under Armour, Inc. (NYSE:UA) has been given an average rating of “Hold” by the twenty-six research firms that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.14.

Several analysts have issued reports on UA shares. Jefferies Group restated a “buy” rating and issued a $28.00 target price on shares of Under Armour in a report on Thursday, September 7th. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 target price for the company. in a report on Wednesday, September 13th. SunTrust Banks cut Under Armour from a “buy” rating to a “hold” rating and set a $14.00 target price for the company. in a report on Wednesday, November 1st. Wells Fargo & Company cut Under Armour from a “market perform” rating to a “sell” rating and lowered their price target for the stock from $17.00 to $13.00 in a report on Tuesday, September 19th. Finally, Sanford C. Bernstein initiated coverage on Under Armour in a report on Tuesday, September 12th. They set an “underperform” rating and a $14.00 price target for the company.

Shares of Under Armour (NYSE:UA) traded up $0.26 during trading hours on Monday, reaching $12.19. The company’s stock had a trading volume of 3,885,300 shares, compared to its average volume of 4,513,658. The stock has a market cap of $5,690.00 and a PE ratio of 29.73. Under Armour has a 12 month low of $10.36 and a 12 month high of $29.53.

Institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. acquired a new position in Under Armour during the 2nd quarter worth about $19,429,000. Contrarius Investment Management Ltd acquired a new stake in Under Armour in the 2nd quarter valued at about $17,656,000. Personal Capital Advisors Corp raised its position in Under Armour by 87.2% in the 3rd quarter. Personal Capital Advisors Corp now owns 118,364 shares of the company’s stock valued at $1,778,000 after purchasing an additional 55,129 shares in the last quarter. Amica Mutual Insurance Co. acquired a new stake in Under Armour in the 3rd quarter valued at about $838,000. Finally, State of Wisconsin Investment Board acquired a new stake in Under Armour in the 3rd quarter valued at about $612,000. 31.86% of the stock is currently owned by hedge funds and other institutional investors.

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Under Armour Company Profile

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 segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

Analyst Recommendations for Under Armour (NYSE:UA)

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