Shares of Under Armour, Inc. (NYSE:UA) have been given an average recommendation of “Hold” by the twenty-four ratings firms that are covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.38.

UA has been the topic of several analyst reports. Credit Suisse Group set a $17.00 price target on shares of Under Armour and gave the company a “sell” rating in a research report on Wednesday, June 14th. Vetr upgraded shares of Under Armour from a “sell” rating to a “hold” rating and set a $19.90 price objective for the company in a research report on Thursday, June 15th. BidaskClub upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Under Armour in a research report on Monday, June 26th. Finally, Wells Fargo & Company set a $19.00 target price on shares of Under Armour and gave the stock a “hold” rating in a research note on Thursday, June 8th.

Several institutional investors have recently made changes to their positions in UA. Pacer Advisors Inc. lifted its position in shares of Under Armour by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after acquiring an additional 220 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Under Armour in the second quarter worth approximately $141,000. Great Lakes Advisors LLC acquired a new stake in shares of Under Armour in the second quarter worth approximately $202,000. Cetera Investment Advisers acquired a new stake in shares of Under Armour in the second quarter worth approximately $215,000. Finally, Delta Lloyd Asset Management N.V. purchased a new stake in shares of Under Armour during the second quarter worth approximately $218,000. 30.25% of the stock is owned by institutional investors and hedge funds.

Shares of Under Armour (NYSE:UA) traded up 0.40% during midday trading on Wednesday, reaching $15.08. The company’s stock had a trading volume of 3,161,560 shares. The firm has a market capitalization of $6.65 billion, a P/E ratio of 30.53 and a beta of 1.15. Under Armour has a 12-month low of $14.80 and a 12-month high of $34.29. The stock has a 50-day moving average of $15.74 and a 200 day moving average of $17.84.

Under Armour (NYSE:UA) last posted its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The firm had revenue of $1.09 billion during the quarter. Equities research analysts predict that Under Armour will post $0.38 EPS for the current fiscal year.

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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.

Analyst Recommendations for Under Armour (NYSE:UA)

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