Investment analysts at Pivotal Research initiated coverage on shares of Under Armour, Inc. (NYSE:UAA) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Vetr raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target for the company in a research report on Monday, July 10th. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Tuesday, July 4th. Jefferies Group LLC reissued a “buy” rating and set a $28.00 price target on shares of Under Armour in a research report on Thursday, September 7th. OTR Global reissued a “negative” rating on shares of Under Armour in a research report on Tuesday, July 18th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Thirteen investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.97.

Shares of Under Armour (UAA) opened at 16.47 on Thursday. Under Armour has a 52-week low of $15.92 and a 52-week high of $39.20. The stock’s 50 day moving average is $16.95 and its 200 day moving average is $19.32. The company has a market capitalization of $7.26 billion, a P/E ratio of 33.34 and a beta of -0.02.

Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts expect that Under Armour will post $0.37 EPS for the current year.

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Large investors have recently modified their holdings of the business. D.A. Davidson & CO. purchased a new position in Under Armour during the second quarter valued at approximately $118,000. Cornerstone Advisors Inc. purchased a new position in Under Armour during the second quarter valued at approximately $124,000. Municipal Employees Retirement System of Michigan purchased a new position in Under Armour during the second quarter valued at approximately $129,000. WFG Advisors LP purchased a new position in Under Armour during the second quarter valued at approximately $132,000. Finally, Global X Management Co. LLC purchased a new position in Under Armour during the second quarter valued at approximately $134,000. 30.48% of the stock is currently owned by institutional investors and hedge funds.

About Under Armour

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:UAA)

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