Under Armour (NYSE:UA) was upgraded by equities research analysts at Vetr from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, January 8th. The firm presently has a $17.86 price objective on the stock. Vetr‘s price objective would indicate a potential upside of 43.92% from the stock’s previous close.
A number of other research analysts also recently commented on the stock. Deutsche Bank set a $12.00 target price on shares of Under Armour and gave the company a “sell” rating in a research report on Thursday, December 14th. Stifel Nicolaus raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Friday, December 15th. ValuEngine raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Under Armour in a research report on Tuesday, November 7th. Finally, SunTrust Banks cut shares of Under Armour from a “buy” rating to a “hold” rating and set a $14.00 target price for the company. in a research note on Wednesday, November 1st. Nine investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.99.
Shares of Under Armour (NYSE UA) traded down $0.29 during trading hours on Monday, hitting $12.41. 2,604,891 shares of the company were exchanged, compared to its average volume of 5,500,000. Under Armour has a 12-month low of $10.36 and a 12-month high of $21.81. The company has a market capitalization of $5,750.00 and a price-to-earnings ratio of 38.78.
Under Armour (NYSE:UA) last released its earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, topping 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 and hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC lifted its holdings in shares of Under Armour by 48.4% during the second quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock worth $286,000 after purchasing an additional 305 shares during the period. Balyasny Asset Management LLC increased its position in shares of Under Armour by 13.6% in the second quarter. Balyasny Asset Management LLC now owns 38,800 shares of the company’s stock valued at $782,000 after buying an additional 4,644 shares in the last quarter. Kazazian Asset Management LLC increased its position in Under Armour by 33.3% during the 2nd quarter. Kazazian Asset Management LLC now owns 20,000 shares of the company’s stock worth $403,000 after purchasing an additional 5,000 shares in the last quarter. Mutual of America Capital Management LLC increased its position in Under Armour by 32.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 20,967 shares of the company’s stock worth $279,000 after purchasing an additional 5,077 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Under Armour by 0.8% in the 3rd quarter. California Public Employees Retirement System now owns 655,734 shares of the company’s stock valued at $9,849,000 after buying an additional 5,500 shares during the period. Institutional investors and hedge funds own 31.75% 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.
To view Vetr’s full report, visit Vetr’s official website.
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