Brokerages Set Under Armour (UA) Target Price at $14.37

Under Armour (NYSE:UA) has been given a consensus recommendation of “Hold” by the twenty-five brokerages that are presently covering the stock, MarketBeat reports. Eleven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.37.

A number of equities analysts have recently issued reports on the stock. Vetr lowered shares of Under Armour from a “buy” rating to a “hold” rating and set a $14.91 target price on the stock. in a research report on Wednesday, January 3rd. DA Davidson set a $17.00 target price on shares of Under Armour and gave the stock a “hold” rating in a research report on Wednesday, February 14th. JPMorgan Chase raised their target price on shares of Under Armour from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Canaccord Genuity set a $9.00 target price on shares of Under Armour and gave the stock a “sell” rating in a research report on Friday, March 16th. Finally, Raymond James restated a “sell” rating on shares of Under Armour in a research report on Tuesday, February 13th.

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In related news, insider Kerry D. Chandler sold 19,643 shares of Under Armour stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $15.09, for a total value of $296,412.87. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 16.00% of the company’s stock.

Large investors have recently bought and sold shares of the stock. WealthPLAN Partners LLC lifted its holdings in Under Armour by 4.4% in the fourth quarter. WealthPLAN Partners LLC now owns 126,935 shares of the company’s stock valued at $1,691,000 after acquiring an additional 5,322 shares during the period. Sterling Capital Management LLC acquired a new stake in Under Armour in the fourth quarter valued at $1,336,000. MetLife Investment Advisors LLC acquired a new stake in Under Armour in the fourth quarter valued at $760,000. Financial Advocates Investment Management acquired a new stake in Under Armour in the fourth quarter valued at $411,000. Finally, Belpointe Asset Management LLC acquired a new stake in Under Armour in the fourth quarter valued at $375,000. Hedge funds and other institutional investors own 32.30% of the company’s stock.

Shares of UA traded down $0.05 during mid-day trading on Friday, reaching $13.96. 973,385 shares of the company’s stock were exchanged, compared to its average volume of 4,404,917. The firm has a market cap of $6,199.24, a PE ratio of 77.89 and a beta of -0.68. Under Armour has a 52-week low of $10.36 and a 52-week high of $21.81.

Under Armour (NYSE:UA) last announced its earnings results on Tuesday, February 13th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $1.37 billion for the quarter. Under Armour had a positive return on equity of 9.38% and a negative net margin of 0.97%. During the same quarter in the previous year, the business posted $0.23 EPS.

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About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

Analyst Recommendations for Under Armour (NYSE:UA)

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