ValuEngine lowered shares of Under Armour (NYSE:UA) from a buy rating to a hold rating in a research note released on Friday.

A number of other research analysts also recently weighed in on the stock. Canaccord Genuity set a $12.00 price target on shares of Under Armour and gave the company a sell rating in a report on Friday, October 26th. TheStreet upgraded shares of Under Armour from a d+ rating to a c- rating in a report on Tuesday, October 30th. Pivotal Research set a $20.00 price target on shares of Under Armour and gave the company a hold rating in a report on Friday, October 26th. Wells Fargo & Co upgraded shares of Under Armour from an underperform rating to a market perform rating and set a $23.00 price target on the stock in a report on Friday, November 30th. Finally, Cowen set a $21.00 price target on shares of Under Armour and gave the company a hold rating in a report on Tuesday, October 30th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Under Armour has a consensus rating of Hold and a consensus price target of $17.43.

Shares of Under Armour stock traded down $0.51 during midday trading on Friday, reaching $22.07. 4,241,709 shares of the company’s stock traded hands, compared to its average volume of 2,911,490. The company has a market capitalization of $10.12 billion, a P/E ratio of 116.16 and a beta of -0.52. Under Armour has a 52 week low of $11.41 and a 52 week high of $23.28.

Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.13. The business had revenue of $1.44 billion for the quarter.

In related news, CFO David Bergman sold 2,500 shares of the firm’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $22.00, for a total value of $55,000.00. Following the transaction, the chief financial officer now directly owns 157,666 shares in the company, valued at approximately $3,468,652. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.00% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in Under Armour in the 2nd quarter worth $2,361,000. Janney Montgomery Scott LLC grew its position in Under Armour by 23.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 42,583 shares of the company’s stock worth $898,000 after purchasing an additional 8,091 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Under Armour by 4.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 560,501 shares of the company’s stock worth $11,815,000 after purchasing an additional 25,672 shares during the last quarter. Victory Capital Management Inc. grew its position in Under Armour by 17,566.5% in the 2nd quarter. Victory Capital Management Inc. now owns 502,788 shares of the company’s stock worth $10,599,000 after purchasing an additional 499,942 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in Under Armour in the 2nd quarter worth $3,402,000. Institutional investors and hedge funds own 28.49% of the company’s stock.

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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Analyst Recommendations for Under Armour (NYSE:UA)

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