Under Armour (UA) Given a $32.00 Price Target at Piper Jaffray Companies

Under Armour (NYSE:UA) has been assigned a $32.00 price target by equities research analysts at Piper Jaffray Companies in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Piper Jaffray Companies’ price target points to a potential upside of 44.99% from the company’s current price.

A number of other analysts have also weighed in on UA. ValuEngine raised shares of Under Armour from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. Canaccord Genuity set a $12.00 target price on shares of Under Armour and gave the stock a “sell” rating in a report on Friday, October 26th. Pivotal Research set a $20.00 target price on shares of Under Armour and gave the stock a “hold” rating in a report on Friday, October 26th. Cowen set a $21.00 target price on shares of Under Armour and gave the stock a “hold” rating in a report on Tuesday, October 30th. Finally, TheStreet raised shares of Under Armour from a “d+” rating to a “c-” rating in a report on Tuesday, October 30th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Under Armour currently has a consensus rating of “Hold” and a consensus target price of $17.43.

Under Armour stock opened at $22.07 on Thursday. The company has a market cap of $9.85 billion, a P/E ratio of 116.16 and a beta of -0.52. Under Armour has a 1-year low of $11.41 and a 1-year high of $23.28.

Under Armour (NYSE:UA) last posted its earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.13. The firm had revenue of $1.44 billion for the quarter.

In other Under Armour news, CFO David Bergman sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $22.00, for a total value of $55,000.00. Following the completion of the transaction, the chief financial officer now owns 157,666 shares of the company’s stock, valued at approximately $3,468,652. The transaction was disclosed in a filing with the SEC, which is available through this link. 16.00% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. purchased a new stake in shares of Under Armour in the 2nd quarter valued at $63,668,000. Victory Capital Management Inc. boosted its stake in shares of Under Armour by 187.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,445,502 shares of the company’s stock valued at $28,129,000 after purchasing an additional 942,714 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Under Armour by 22.5% in the 2nd quarter. Janus Henderson Group PLC now owns 5,088,607 shares of the company’s stock valued at $107,267,000 after purchasing an additional 934,098 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Under Armour by 233.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the company’s stock valued at $19,460,000 after purchasing an additional 700,000 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Under Armour by 30.2% in the 2nd quarter. FMR LLC now owns 2,362,624 shares of the company’s stock valued at $49,803,000 after purchasing an additional 548,557 shares in the last quarter. 28.49% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Under Armour (NYSE:UA)

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