Under Armour, Inc. (NYSE:UAA) was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday. They presently have a $16.78 price objective on the stock. Vetr‘s target price suggests a potential downside of 3.67% from the company’s current price.

Other analysts also recently issued research reports about the company. Telsey Advisory Group dropped their price target on Under Armour from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 2nd. FBR & Co reiterated an “underperform” rating and set a $14.00 price target on shares of Under Armour in a research note on Wednesday, August 2nd. Canaccord Genuity dropped their price target on Under Armour from $21.00 to $18.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. Buckingham Research dropped their price target on Under Armour from $15.00 to $14.00 and set an “underperform” rating on the stock in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Under Armour from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Twelve equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have given a buy rating to the stock. Under Armour currently has an average rating of “Hold” and a consensus price target of $22.65.

Under Armour (NYSE UAA) traded up 0.52% on Thursday, reaching $17.42. The company’s stock had a trading volume of 4,659,709 shares. The firm’s 50 day moving average price is $18.08 and its 200-day moving average price is $19.75. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 35.26 and a beta of -0.04. Under Armour has a 1-year low of $15.92 and a 1-year high of $40.14.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The business’s revenue was up 8.7% on a year-over-year basis. Equities analysts forecast that Under Armour will post $0.38 earnings per share for the current year.

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Institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. purchased a new position in Under Armour in the second quarter worth approximately $118,000. Cornerstone Advisors Inc. purchased a new position in Under Armour in the second quarter worth approximately $124,000. Municipal Employees Retirement System of Michigan purchased a new position in Under Armour in the second quarter worth approximately $129,000. WFG Advisors LP purchased a new position in Under Armour in the second quarter worth approximately $132,000. Finally, Global X Management Co. LLC purchased a new position in Under Armour in the second quarter worth approximately $134,000. Institutional investors own 30.53% of the company’s stock.

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.

Analyst Recommendations for Under Armour (NYSE:UAA)

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