Under Armour Inc (UA) Given Consensus Rating of “Hold” by Analysts
Shares of Under Armour Inc (NYSE:UA) have been assigned an average rating of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.93.
A number of equities research analysts have recently weighed in on the stock. Pivotal Research reaffirmed a “hold” rating and set a $22.00 target price on shares of Under Armour in a research note on Wednesday. B. Riley set a $12.00 target price on shares of Under Armour and gave the company a “sell” rating in a research note on Tuesday, February 5th. ValuEngine raised shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. Piper Jaffray Companies set a $30.00 target price on shares of Under Armour and gave the company a “buy” rating in a research note on Monday, December 31st. Finally, Bank of America reaffirmed a “sell” rating and set a $15.00 target price on shares of Under Armour in a research note on Thursday, December 13th.
Shares of UA stock traded down $0.10 during mid-day trading on Friday, reaching $19.78. The stock had a trading volume of 2,666,954 shares, compared to its average volume of 2,368,444. Under Armour has a 52-week low of $13.62 and a 52-week high of $23.28. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 104.47 and a beta of 0.91.
In related news, CFO David Bergman sold 2,500 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $22.00, for a total transaction of $55,000.00. Following the sale, the chief financial officer now owns 157,666 shares of the company’s stock, valued at $3,468,652. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Focused Wealth Management Inc raised its holdings in Under Armour by 495.7% in the fourth quarter. Focused Wealth Management Inc now owns 1,551 shares of the company’s stock worth $25,000 after buying an additional 1,943 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Under Armour by 54.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,935 shares of the company’s stock worth $31,000 after buying an additional 679 shares during the last quarter. Enlightenment Research LLC purchased a new position in Under Armour in the fourth quarter worth about $34,000. Rehmann Capital Advisory Group raised its holdings in Under Armour by 152.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,188 shares of the company’s stock worth $37,000 after buying an additional 1,322 shares during the last quarter. Finally, Bremer Trust National Association purchased a new position in Under Armour in the fourth quarter worth about $38,000. 32.96% of the stock is currently owned by institutional investors and hedge funds.
Under Armour Company Profile
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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