Under Armour (NYSE:UAA) has been given a consensus rating of “Hold” by the thirty-seven ratings firms that are covering the company, Marketbeat Ratings reports. Eighteen equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $14.79.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine downgraded shares of Under Armour from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd. Canaccord Genuity reissued a “sell” rating and issued a $9.00 price target on shares of Under Armour in a report on Friday, March 16th. Credit Suisse Group assumed coverage on shares of Under Armour in a report on Monday, March 12th. They issued a “neutral” rating and a $18.00 price target for the company. Finally, Vetr raised shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $18.74 price target for the company in a report on Thursday, February 22nd.
Shares of NYSE:UAA opened at $16.08 on Friday. The company has a quick ratio of 1.11, a current ratio of 2.20 and a debt-to-equity ratio of 0.38. Under Armour has a one year low of $11.40 and a one year high of $23.46. The firm has a market capitalization of $7,229.50, a price-to-earnings ratio of 84.63, a PEG ratio of 4.61 and a beta of -0.23.
In related news, insider Kerry D. Chandler sold 2,534 shares of Under Armour stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $16.79, for a total value of $42,545.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 16.40% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Nationwide Fund Advisors raised its position in Under Armour by 6.8% in the 3rd quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock worth $864,000 after purchasing an additional 3,338 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Under Armour by 0.4% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 835,601 shares of the company’s stock worth $12,058,000 after purchasing an additional 3,538 shares during the period. Almanack Investment Partners LLC. raised its position in Under Armour by 38.0% in the 4th quarter. Almanack Investment Partners LLC. now owns 13,710 shares of the company’s stock worth $193,000 after purchasing an additional 3,776 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in Under Armour by 15.6% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 28,832 shares of the company’s stock worth $416,000 after purchasing an additional 3,900 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its position in Under Armour by 12.9% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 34,807 shares of the company’s stock worth $501,000 after purchasing an additional 3,986 shares during the period. Institutional investors own 33.71% of the company’s stock.
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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.
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