Under Armour (UA) Upgraded to “Buy” by Piper Jaffray Companies

Piper Jaffray Companies upgraded shares of Under Armour (NYSE:UA) to a buy rating in a research report sent to investors on Monday morning. They currently have $32.00 target price on the stock.

A number of other brokerages have also recently commented on UA. Cowen set a $21.00 target price on Under Armour and gave the stock a hold rating in a report on Tuesday, October 30th. Pivotal Research reiterated a hold rating and issued a $21.00 target price on shares of Under Armour in a report on Tuesday, July 17th. Wedbush lifted their target price on Under Armour from $15.00 to $18.00 and gave the stock a neutral rating in a report on Friday, July 20th. Canaccord Genuity set a $13.00 target price on Under Armour and gave the stock a sell rating in a report on Thursday, November 1st. Finally, TheStreet raised Under Armour from a d+ rating to a c- rating in a research note on Tuesday, October 30th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $16.92.

Shares of Under Armour stock traded down $0.63 on Monday, reaching $20.83. The company had a trading volume of 126,355 shares, compared to its average volume of 3,250,568. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 108.42 and a beta of -0.59. Under Armour has a 1 year low of $10.36 and a 1 year high of $22.68.

Under Armour (NYSE:UA) last announced its earnings results on Tuesday, October 30th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.13. The company had revenue of $1.44 billion during the quarter. Equities analysts expect that Under Armour will post 0.17 EPS for the current year.

In related news, CFO David Bergman sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $19.89, for a total transaction of $99,450.00. Following the completion of the sale, the chief financial officer now directly owns 165,166 shares of the company’s stock, valued at approximately $3,285,151.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. raised its position in Under Armour by 155.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,264 shares of the company’s stock valued at $111,000 after purchasing an additional 3,200 shares in the last quarter. Kiley Juergens Wealth Management LLC bought a new stake in Under Armour during the 2nd quarter valued at $160,000. US Bancorp DE raised its position in Under Armour by 88.4% during the 2nd quarter. US Bancorp DE now owns 8,459 shares of the company’s stock valued at $178,000 after purchasing an additional 3,969 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Under Armour during the 3rd quarter valued at $184,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Under Armour during the 1st quarter valued at $192,000. 33.00% of the stock is owned by institutional investors and hedge funds.

Under Armour Company Profile

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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Analyst Recommendations for Under Armour (NYSE:UA)

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