Under Armour, Inc. (NYSE:UA) shares fell 5.9% during trading on Tuesday . The stock traded as low as $11.31 and last traded at $11.36. 10,577,360 shares traded hands during trading, an increase of 132% from the average session volume of 4,561,302 shares. The stock had previously closed at $12.07.

Several research firms recently commented on UA. BidaskClub lowered shares of Under Armour from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Buckingham Research set a $15.00 price objective on shares of Under Armour and gave the stock a “sell” rating in a research note on Thursday, July 27th. Jefferies Group LLC set a $28.00 price objective on shares of Under Armour and gave the stock a “buy” rating in a research note on Monday, July 31st. Vetr lowered shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 price objective for the company. in a research note on Wednesday, September 13th. Finally, Forward View set a $17.00 price objective on shares of Under Armour and gave the stock a “hold” rating in a research note on Sunday, August 13th. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.49.

The firm has a market cap of $5,480.00 and a price-to-earnings ratio of 27.71.

Several hedge funds have recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Under Armour by 213.1% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 30,102 shares of the company’s stock valued at $607,000 after purchasing an additional 20,489 shares during the period. Bray Capital Advisors lifted its stake in shares of Under Armour by 19.5% in the 2nd quarter. Bray Capital Advisors now owns 81,405 shares of the company’s stock valued at $1,641,000 after purchasing an additional 13,290 shares during the period. Personal Capital Advisors Corp lifted its stake in shares of Under Armour by 445.8% in the 2nd quarter. Personal Capital Advisors Corp now owns 63,235 shares of the company’s stock valued at $1,275,000 after purchasing an additional 51,650 shares during the period. P.A.W. Capital Corp lifted its stake in shares of Under Armour by 25.0% in the 2nd quarter. P.A.W. Capital Corp now owns 50,000 shares of the company’s stock valued at $1,008,000 after purchasing an additional 10,000 shares during the period. Finally, NGAM Advisors L.P. lifted its stake in shares of Under Armour by 299.8% in the 2nd quarter. NGAM Advisors L.P. now owns 81,137 shares of the company’s stock valued at $1,635,000 after purchasing an additional 60,842 shares during the period. 29.81% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://www.watchlistnews.com/under-armour-inc-ua-shares-down-5-9/1721821.html.

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.

Receive News & Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.