Under Armour (UAA) Upgraded to Buy by Stifel Nicolaus
Stifel Nicolaus upgraded shares of Under Armour (NYSE:UAA) from a hold rating to a buy rating in a report issued on Friday morning. The firm currently has $17.00 price objective on the stock, up from their previous price objective of $12.00.
Other research analysts have also issued research reports about the company. Piper Jaffray Companies cut their price target on Under Armour from $17.00 to $14.00 and set an average rating on the stock in a report on Wednesday, October 11th. Jefferies Group restated a buy rating and issued a $28.00 target price on shares of Under Armour in a report on Thursday, September 7th. Pivotal Research began coverage on Under Armour in a report on Thursday, October 5th. They issued a hold rating and a $17.00 target price on the stock. Vetr upgraded Under Armour from a sell rating to a hold rating and set a $16.78 target price on the stock in a report on Monday, August 21st. Finally, Canaccord Genuity restated a hold rating and issued a $15.00 target price (down previously from $18.00) on shares of Under Armour in a report on Thursday, October 12th. Nineteen equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Under Armour has an average rating of Hold and a consensus target price of $16.92.
Shares of Under Armour (NYSE:UAA) traded up $1.35 during trading hours on Friday, reaching $15.17. The company’s stock had a trading volume of 14,745,065 shares, compared to its average volume of 4,286,297. The company has a market capitalization of $6,104.25, a price-to-earnings ratio of 33.71, a P/E/G ratio of 4.09 and a beta of -0.13. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Under Armour has a 1-year low of $11.40 and a 1-year high of $31.06.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System bought a new stake in Under Armour during the second quarter valued at $250,000. US Bancorp DE bought a new stake in Under Armour during the second quarter valued at $396,000. Russell Investments Group Ltd. bought a new stake in Under Armour during the second quarter valued at $531,000. Public Employees Retirement Association of Colorado bought a new stake in Under Armour during the second quarter valued at $521,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Under Armour during the second quarter valued at $129,000. Institutional investors own 31.22% of the company’s stock.
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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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