Under Armour (NYSE:UA) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other analysts also recently commented on UA. Buckingham Research set a $14.00 price target on shares of Under Armour and gave the company a “sell” rating in a research report on Thursday, August 3rd. Canaccord Genuity reissued a “hold” rating and issued a $18.00 price objective (down from $21.00) on shares of Under Armour in a research note on Thursday, August 3rd. Vetr cut shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.82 price objective on the stock. in a research note on Thursday, August 10th. Jefferies Group reissued a “buy” rating and issued a $28.00 price objective on shares of Under Armour in a research note on Friday, August 11th. Finally, Forward View set a $17.00 price objective on shares of Under Armour and gave the company a “hold” rating in a research note on Sunday, August 13th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.14.

Shares of Under Armour (NYSE UA) opened at $11.73 on Friday. Under Armour has a 12-month low of $10.36 and a 12-month high of $29.53. The company has a market cap of $5,470.00 and a price-to-earnings ratio of 29.07.

Several hedge funds have recently made changes to their positions in UA. Harris Associates L P purchased a new position in shares of Under Armour during the 2nd quarter worth about $22,967,000. American Century Companies Inc. purchased a new position in Under Armour in the second quarter valued at approximately $19,429,000. Contrarius Investment Management Ltd purchased a new position in Under Armour in the second quarter valued at approximately $17,656,000. Dimensional Fund Advisors LP raised its holdings in Under Armour by 159.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,025,064 shares of the company’s stock valued at $15,397,000 after buying an additional 629,862 shares during the period. Finally, GMT Capital Corp purchased a new position in Under Armour in the third quarter valued at approximately $9,381,000. Institutional investors and hedge funds own 31.87% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Under Armour (NYSE:UA)

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