Under Armour, Inc. (UA) Given a $15.00 Price Target at Buckingham Research
Under Armour, Inc. (NYSE:UA) has been assigned a $15.00 price objective by investment analysts at Buckingham Research in a report issued on Thursday. The firm presently has a “sell” rating on the stock. Buckingham Research’s price objective suggests a potential downside of 17.17% from the stock’s previous close.
Several other analysts have also issued reports on the company. Jefferies Group LLC reissued a “buy” rating and set a $27.00 price target on shares of Under Armour in a report on Wednesday, April 5th. Vetr raised Under Armour from a “buy” rating to a “strong-buy” rating and set a $21.15 price target for the company in a report on Monday, May 15th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Saturday, April 29th. Berenberg Bank initiated coverage on Under Armour in a report on Tuesday, May 16th. They set a “hold” rating and a $20.00 price target for the company. Finally, Robert W. Baird reissued an “outperform” rating and set a $25.00 price target on shares of Under Armour in a report on Friday, April 14th. Seven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.68.
Shares of Under Armour (NYSE UA) traded down 7.979% on Thursday, reaching $16.665. The company’s stock had a trading volume of 12,925,891 shares. The company’s 50-day moving average is $19.26 and its 200 day moving average is $19.27. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 42.083 and a beta of 0.82. Under Armour has a 12-month low of $16.27 and a 12-month high of $42.94. Under Armour also was the target of some unusual options trading on Monday. Stock traders purchased 12,983 call options on the stock. This is an increase of approximately 375% compared to the typical volume of 2,733 call options.
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In other news, insider Kerry D. Chandler sold 5,965 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $19.79, for a total value of $118,047.35. Following the completion of the transaction, the insider now owns 114,108 shares of the company’s stock, valued at $2,258,197.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William R. Mcdermott sold 4,717 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $19.85, for a total value of $93,632.45. Following the completion of the transaction, the director now directly owns 66,270 shares of the company’s stock, valued at approximately $1,315,459.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,399 shares of company stock valued at $304,605.
Several institutional investors have recently added to or reduced their stakes in UA. GSA Capital Partners LLP acquired a new position in Under Armour during the fourth quarter worth $233,000. Fox Run Management L.L.C. acquired a new position in Under Armour during the first quarter worth $627,000. Bank of The West raised its position in Under Armour by 4.2% in the first quarter. Bank of The West now owns 84,479 shares of the company’s stock worth $1,671,000 after buying an additional 3,404 shares during the period. Capital Impact Advisors LLC raised its position in Under Armour by 58.6% in the first quarter. Capital Impact Advisors LLC now owns 60,501 shares of the company’s stock worth $1,197,000 after buying an additional 22,364 shares during the period. Finally, City Holding Co. raised its position in Under Armour by 50.5% in the first quarter. City Holding Co. now owns 26,045 shares of the company’s stock worth $515,000 after buying an additional 8,740 shares during the period. 56.54% of the stock is owned by hedge funds and other institutional investors.
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.
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