Under Armour (UA) Upgraded to “Buy” at Stifel Nicolaus

Under Armour (NYSE:UA) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports.

UA has been the topic of several other research reports. Jefferies Group restated a “buy” rating and set a $28.00 price target on shares of Under Armour in a report on Thursday, September 7th. Sanford C. Bernstein assumed coverage on Under Armour in a report on Tuesday, September 12th. They set an “underperform” rating and a $14.00 price target on the stock. Vetr downgraded Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 price target on the stock. in a report on Wednesday, September 13th. Wells Fargo & Company downgraded Under Armour from a “market perform” rating to a “sell” rating and cut their price target for the stock from $17.00 to $13.00 in a report on Tuesday, September 19th. Finally, Oppenheimer restated a “hold” rating on shares of Under Armour in a report on Friday, September 22nd. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.71.

Under Armour (UA) traded up $0.09 during mid-day trading on Friday, hitting $12.45. The company had a trading volume of 2,654,200 shares, compared to its average volume of 4,489,399. The stock has a market cap of $5,459.38, a P/E ratio of 30.15 and a beta of 1.02. Under Armour has a 52-week low of $10.36 and a 52-week high of $27.64.

Several large investors have recently added to or reduced their stakes in UA. First Mercantile Trust Co. acquired a new position in shares of Under Armour during the 2nd quarter worth about $141,000. Train Babcock Advisors LLC acquired a new position in shares of Under Armour during the 2nd quarter worth about $954,000. Lincoln National Corp boosted its position in shares of Under Armour by 9.0% during the 2nd quarter. Lincoln National Corp now owns 36,648 shares of the company’s stock worth $739,000 after acquiring an additional 3,025 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Under Armour during the 2nd quarter worth about $19,429,000. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Under Armour in the 2nd quarter valued at about $202,000. 31.86% of the stock is owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for Under Armour (NYSE:UA)