Under Armour (UA) Downgraded to Hold at Vetr
Vetr cut shares of Under Armour (NYSE:UA) from a buy rating to a hold rating in a research note issued to investors on Wednesday. They currently have $14.91 target price on the stock.
Several other brokerages have also recently commented on UA. Jefferies Group reissued a buy rating and set a $28.00 target price on shares of Under Armour in a report on Thursday, September 7th. SunTrust Banks cut Under Armour from a buy rating to a hold rating and set a $14.00 target price on the stock. in a report on Wednesday, November 1st. Wells Fargo & Co cut Under Armour from a market perform rating to a sell rating and dropped their target price for the stock from $17.00 to $13.00 in a report on Tuesday, September 19th. Sanford C. Bernstein initiated coverage on Under Armour in a report on Tuesday, September 12th. They set an underperform rating and a $14.00 target price on the stock. Finally, Cowen set a $12.00 target price on Under Armour and gave the stock a hold rating in a report on Tuesday, October 31st. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $16.00.
Shares of Under Armour (NYSE UA) traded down $0.02 during trading hours on Wednesday, reaching $14.73. The company had a trading volume of 9,329,878 shares, compared to its average volume of 5,110,000. Under Armour has a 1 year low of $10.36 and a 1 year high of $27.64. The company has a market capitalization of $6,750.00 and a PE ratio of 46.03.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Personal Capital Advisors Corp grew its position in Under Armour by 87.2% during the 3rd quarter. Personal Capital Advisors Corp now owns 118,364 shares of the company’s stock worth $1,778,000 after purchasing an additional 55,129 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Under Armour by 25.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 680,332 shares of the company’s stock worth $10,183,000 after purchasing an additional 136,129 shares in the last quarter. Janus Henderson Group PLC grew its position in Under Armour by 579.2% during the 3rd quarter. Janus Henderson Group PLC now owns 237,963 shares of the company’s stock worth $3,571,000 after purchasing an additional 202,927 shares in the last quarter. Amica Mutual Insurance Co. purchased a new position in Under Armour during the 3rd quarter worth approximately $838,000. Finally, Schwab Charles Investment Management Inc. grew its position in Under Armour by 41.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 940,295 shares of the company’s stock worth $14,124,000 after purchasing an additional 274,335 shares in the last quarter. 31.84% of the stock is currently owned by institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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