Under Armour’s (UA) Hold Rating Reaffirmed at Stifel Nicolaus
Several other equities research analysts have also issued reports on UA. Deutsche Bank AG lowered shares of Under Armour from a hold rating to a sell rating in a research note on Tuesday, July 25th. Vetr upgraded shares of Under Armour from a hold rating to a buy rating and set a $18.88 price target for the company in a research note on Tuesday, July 25th. Buckingham Research set a $15.00 price target 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 target on shares of Under Armour and gave the stock a buy rating in a research note on Monday, July 31st. Finally, BidaskClub lowered shares of Under Armour from a sell rating to a strong sell rating in a research note on Monday, July 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. Under Armour presently has a consensus rating of Hold and a consensus target price of $16.14.
Shares of Under Armour (NYSE:UA) opened at $11.59 on Wednesday. Under Armour has a one year low of $10.36 and a one year high of $29.53. The stock has a market cap of $5,154.60, a P/E ratio of 28.46 and a beta of 0.70.
Institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC grew its stake in Under Armour by 48.4% in the 2nd quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock valued at $286,000 after buying an additional 305 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in Under Armour by 665.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 5,363 shares of the company’s stock valued at $266,000 after purchasing an additional 4,662 shares during the period. LeJeune Puetz Investment Counsel LLC bought a new position in Under Armour in the 3rd quarter valued at $103,000. First Mercantile Trust Co. bought a new position in Under Armour in the 2nd quarter valued at $141,000. Finally, Massey Quick Simon & CO. LLC bought a new position in Under Armour in the 3rd quarter valued at $139,000. Institutional investors and hedge funds own 29.81% of the company’s stock.
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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.
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