Under Armour (NYSE:UA) Lifted to “Strong-Buy” at Vetr

Under Armour (NYSE:UA) was upgraded by research analysts at Vetr from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, January 8th. The firm presently has a $17.86 target price on the stock. Vetr‘s target price indicates a potential upside of 44.38% from the stock’s current price.

Other analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Piper Jaffray Companies set a $11.00 price target on shares of Under Armour and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group restated a “buy” rating and issued a $28.00 price target on shares of Under Armour in a research note on Friday, October 13th. Buckingham Research set a $14.00 price objective on shares of Under Armour and gave the stock a “sell” rating in a research report on Tuesday, October 31st. Finally, Pivotal Research set a $17.00 price objective on shares of Under Armour and gave the stock a “hold” rating in a research report on Sunday, October 29th. Nine equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Under Armour currently has a consensus rating of “Hold” and an average price target of $16.14.

Under Armour (NYSE:UA) opened at $12.37 on Monday. The firm has a market cap of $5,472.63, a P/E ratio of 39.90 and a beta of 0.86. Under Armour has a 12 month low of $10.36 and a 12 month high of $26.25.

Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Under Armour had a net margin of 2.94% and a return on equity of 9.38%.

Institutional investors have recently modified their holdings of the company. Personal Capital Advisors Corp increased its stake in shares of Under Armour by 87.2% during the third quarter. Personal Capital Advisors Corp now owns 118,364 shares of the company’s stock worth $1,778,000 after acquiring an additional 55,129 shares during the period. Janus Henderson Group PLC grew its position in Under Armour by 579.2% during the third quarter. Janus Henderson Group PLC now owns 237,963 shares of the company’s stock worth $3,571,000 after buying an additional 202,927 shares during the period. Great West Life Assurance Co. Can grew its position in Under Armour by 25.0% during the third quarter. Great West Life Assurance Co. Can now owns 680,332 shares of the company’s stock worth $10,183,000 after buying an additional 136,129 shares during the period. Schwab Charles Investment Management Inc. grew its position in Under Armour by 41.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 940,295 shares of the company’s stock worth $14,124,000 after buying an additional 274,335 shares during the period. Finally, Amica Mutual Insurance Co. acquired a new position in Under Armour during the third quarter worth about $838,000. Institutional investors and hedge funds own 31.81% of the company’s stock.

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About Under Armour

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Under Armour (NYSE:UA)

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