Under Armour (NYSE:UAA) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
UAA has been the subject of a number of other research reports. Buckingham Research began coverage on Under Armour in a research report on Friday, January 5th. They set a “neutral” rating and a $17.00 price target for the company. Vetr lowered Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 target price for the company. in a research report on Monday, December 11th. Macquarie lowered Under Armour from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $10.00 to $8.00 in a research report on Tuesday, January 16th. Zacks Investment Research lowered Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Finally, Stifel Nicolaus increased their target price on Under Armour from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Eighteen research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.89.
Under Armour (NYSE:UAA) opened at $16.08 on Tuesday. The company has a market capitalization of $6,680.00, a P/E ratio of -804.00, a price-to-earnings-growth ratio of 4.43 and a beta of -0.24. The company has a current ratio of 2.20, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. Under Armour has a 52-week low of $11.40 and a 52-week high of $23.46.
In other Under Armour news, insider Kerry D. Chandler sold 2,534 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $16.79, for a total transaction of $42,545.86. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 16.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Delpha Capital Management LLC purchased a new stake in Under Armour during the 4th quarter valued at $110,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Under Armour by 248.0% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company’s stock valued at $126,000 after purchasing an additional 6,200 shares during the last quarter. Vantage Investment Advisors LLC boosted its stake in Under Armour by 240.0% during the 4th quarter. Vantage Investment Advisors LLC now owns 10,092 shares of the company’s stock valued at $128,000 after purchasing an additional 7,124 shares during the last quarter. Calton & Associates Inc. purchased a new stake in Under Armour during the 4th quarter valued at $131,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in Under Armour during the 4th quarter valued at $138,000. Institutional investors and hedge funds own 33.76% 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 ValuEngine’s full report, visit ValuEngine’s official website.
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