Under Armour (UAA) Receives Neutral Rating from Citigroup

Citigroup restated their neutral rating on shares of Under Armour (NYSE:UAA) in a research report sent to investors on Wednesday. The firm currently has a $17.00 target price on the stock.

A number of other equities research analysts also recently weighed in on UAA. Deutsche Bank cut their target price on Under Armour from $16.00 to $14.00 and set a sell rating for the company in a research report on Thursday, October 26th. Bank of America downgraded Under Armour from a neutral rating to an underperform rating and cut their target price for the stock from $21.00 to $12.00 in a research report on Monday, October 30th. Pivotal Research restated a hold rating and issued a $14.00 target price (down from $17.00) on shares of Under Armour in a research report on Tuesday, October 31st. FBR & Co cut their price objective on Under Armour from $14.00 to $10.00 and set a sell rating for the company in a research report on Tuesday, October 31st. Finally, DA Davidson downgraded Under Armour from a buy rating to a neutral rating in a research report on Tuesday, October 31st. Nineteen investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $14.71.

Under Armour (NYSE:UAA) traded up $0.34 on Wednesday, reaching $18.10. The company’s stock had a trading volume of 5,297,856 shares, compared to its average volume of 7,893,660. The firm has a market capitalization of $7,440.00, a P/E ratio of -164.95, a price-to-earnings-growth ratio of 5.39 and a beta of -0.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 1.16. Under Armour has a 12-month low of $11.40 and a 12-month high of $23.46.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hexavest Inc. acquired a new position in shares of Under Armour in the fourth quarter worth $39,368,000. ANTIPODES PARTNERS Ltd acquired a new position in Under Armour during the fourth quarter worth $25,742,000. Mackenzie Financial Corp increased its position in Under Armour by 23.6% during the third quarter. Mackenzie Financial Corp now owns 171,033 shares of the company’s stock worth $2,819,000 after buying an additional 32,646 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Under Armour during the second quarter worth $1,007,000. Finally, California Public Employees Retirement System acquired a new position in Under Armour during the third quarter worth $2,695,000. 31.93% of the stock is currently owned by institutional investors and hedge funds.

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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:UAA)

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