Under Armour (NYSE:UAA) was upgraded by investment analysts at Vetr from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday. The firm currently has a $13.23 price objective on the stock. Vetr‘s price objective suggests a potential downside of 12.79% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Jefferies Group reissued a “buy” rating and set a $28.00 price objective on shares of Under Armour in a research note on Thursday, September 7th. Zacks Investment Research raised Under Armour from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. UBS raised Under Armour to a “neutral” rating in a research note on Tuesday, November 7th. Nomura lifted their price objective on Under Armour from $9.00 to $13.00 and gave the company a “reduce” rating in a research note on Friday, November 10th. Finally, Bank of America lowered Under Armour from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $21.00 to $12.00 in a research note on Monday, October 30th. Nineteen equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the stock. Under Armour currently has an average rating of “Hold” and an average target price of $16.92.

Under Armour (NYSE UAA) traded up $1.35 during trading on Friday, hitting $15.17. The stock had a trading volume of 14,745,065 shares, compared to its average volume of 4,286,297. Under Armour has a 52-week low of $11.40 and a 52-week high of $31.06. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. 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.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. Under Armour had a return on equity of 9.32% and a net margin of 2.94%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.49 billion. Under Armour’s revenue was down 4.5% compared to the same quarter last year. research analysts forecast that Under Armour will post 0.2 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of UAA. Baillie Gifford & Co. purchased a new position in Under Armour in the 2nd quarter worth approximately $532,573,000. Vanguard Group Inc. purchased a new position in Under Armour in the 2nd quarter worth approximately $393,172,000. BlackRock Inc. purchased a new position in Under Armour in the 2nd quarter worth approximately $238,861,000. Bamco Inc. NY raised its holdings in Under Armour by 10.8% in the 3rd quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock worth $126,978,000 after acquiring an additional 750,325 shares during the last quarter. Finally, State Street Corp purchased a new position in Under Armour in the 2nd quarter worth approximately $157,325,000. 31.22% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

Analyst Recommendations for Under Armour (NYSE:UAA)

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