Deutsche Bank upgraded shares of Under Armour (NYSE:UA) to a hold rating in a report released on Monday morning. The firm currently has $16.00 price objective on the stock.
Several other equities research analysts have also commented on the company. Canaccord Genuity set a $9.00 price objective on Under Armour and gave the stock a sell rating in a research report on Friday, March 16th. Vetr lowered Under Armour from a sell rating to a strong sell rating and set a $11.98 target price on the stock. in a research report on Thursday, February 22nd. JPMorgan Chase increased their target price on Under Armour from $10.00 to $13.00 and gave the company a neutral rating in a research report on Wednesday, February 14th. DA Davidson set a $17.00 target price on Under Armour and gave the company a hold rating in a research report on Wednesday, February 14th. Finally, Raymond James reiterated a sell rating on shares of Under Armour in a research report on Tuesday, February 13th. Ten investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $14.58.
Under Armour stock opened at $14.61 on Monday. 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 $6,185.97, a price-to-earnings ratio of 77.72 and a beta of -0.67.
Under Armour (NYSE:UA) last released its quarterly earnings data on Tuesday, February 13th. The company reported ($0.20) EPS for the quarter. Under Armour had a positive return on equity of 9.38% and a negative net margin of 0.97%. The company had revenue of $1.37 billion during the quarter. During the same quarter in the previous year, the company posted $0.23 EPS.
In other Under Armour news, insider Kerry D. Chandler sold 19,643 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $15.09, for a total value of $296,412.87. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 16.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Under Armour in the 4th quarter valued at $127,000. CIBC World Markets Inc. acquired a new stake in shares of Under Armour in the 4th quarter worth $157,000. MML Investors Services LLC acquired a new stake in shares of Under Armour in the 4th quarter worth $170,000. Mengis Capital Management Inc. acquired a new stake in shares of Under Armour in the 4th quarter worth $170,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Under Armour in the 4th quarter worth $180,000. Institutional investors own 32.29% 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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