Under Armour (NYSE:UAA)‘s stock had its “sell” rating reaffirmed by equities researchers at Canaccord Genuity in a research note issued on Friday. They presently have a $9.00 target price on the stock. Canaccord Genuity’s price target indicates a potential downside of 43.82% from the stock’s current price.
Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Credit Suisse Group started coverage on shares of Under Armour in a report on Monday. They issued a “neutral” rating and a $18.00 target price for the company. Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $17.98 price objective for the company. in a report on Wednesday, February 14th. Stifel Nicolaus increased their price objective on shares of Under Armour from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Pivotal Research increased their price objective on shares of Under Armour from $14.00 to $16.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Eighteen investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.92.
Shares of Under Armour (NYSE UAA) traded up $0.12 on Friday, reaching $16.02. 1,255,867 shares of the company’s stock were exchanged, compared to its average volume of 7,444,995. The stock has a market cap of $6,540.00, a price-to-earnings ratio of -800.00, a PEG ratio of 4.15 and a beta of -0.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 2.20. Under Armour has a 1-year low of $11.40 and a 1-year high of $23.46.
In other Under Armour news, insider Kerry D. Chandler sold 2,534 shares of the firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 16.40% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in UAA. Dimensional Fund Advisors LP acquired a new stake in shares of Under Armour during the second quarter worth $8,625,000. Nationwide Fund Advisors raised its holdings in shares of Under Armour by 6.8% during the third 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 last quarter. First Trust Advisors LP purchased a new position in shares of Under Armour during the third quarter worth $196,000. Crossmark Global Holdings Inc. purchased a new position in shares of Under Armour during the third quarter worth $251,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Under Armour by 48.0% during the third quarter. Canada Pension Plan Investment Board now owns 38,520 shares of the company’s stock worth $635,000 after purchasing an additional 12,500 shares during the last quarter. Institutional investors own 33.76% of the company’s stock.
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Under Armour Company Profile
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.
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