Vetr cut shares of Under Armour (NYSE:UA) from a strong-buy rating to a sell rating in a research note issued to investors on Tuesday, December 19th. They currently have $13.50 price target on the stock.
UA has been the subject of a number of other reports. Jefferies Group restated a buy rating and issued a $28.00 price objective on shares of Under Armour in a report on Thursday, September 7th. SunTrust Banks cut shares of Under Armour from a buy rating to a hold rating and set a $14.00 price objective on the stock. in a report on Wednesday, November 1st. Wells Fargo & Co cut shares of Under Armour from a market perform rating to a sell rating and cut their price objective for the stock from $17.00 to $13.00 in a report on Tuesday, September 19th. Sanford C. Bernstein initiated coverage on shares of Under Armour in a report on Tuesday, September 12th. They issued an underperform rating and a $14.00 price objective on the stock. Finally, Cowen set a $12.00 price target on shares of Under Armour and gave the company a hold rating in a report on Tuesday, October 31st. Nine equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Under Armour currently has an average rating of Hold and an average price target of $16.14.
Shares of Under Armour (NYSE UA) traded down $0.16 during trading hours on Tuesday, hitting $13.94. 5,959,600 shares of the stock traded hands, compared to its average volume of 6,593,014. The company has a market capitalization of $6,400.00 and a P/E ratio of 43.56. Under Armour has a 52-week low of $10.36 and a 52-week high of $27.48.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UA. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Under Armour during the 3rd quarter valued at $103,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Under Armour during the 3rd quarter valued at $139,000. First Mercantile Trust Co. bought a new stake in shares of Under Armour during the 2nd quarter valued at $141,000. Abbot Financial Management Inc. bought a new stake in shares of Under Armour during the 3rd quarter valued at $153,000. Finally, Ahrens Investment Partners LLC bought a new stake in shares of Under Armour during the 3rd quarter valued at $158,000. Institutional investors and hedge funds own 31.84% of the company’s stock.
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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.
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