Under Armour (UA) Stock Rating Lowered by Vetr

Under Armour (NYSE:UA) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday. They presently have a $14.80 price target on the stock. Vetr‘s price objective would suggest a potential upside of 8.90% from the company’s previous close.

A number of other analysts have also commented on UA. SunTrust Banks lowered Under Armour from a “buy” rating to a “hold” rating and set a $14.00 price objective for the company. in a research report on Wednesday, November 1st. Cowen set a $12.00 price objective on Under Armour and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Canaccord Genuity set a $15.00 price objective on Under Armour and gave the stock a “hold” rating in a research report on Thursday, October 12th. Susquehanna Bancshares reiterated a “hold” rating and issued a $11.00 price objective on shares of Under Armour in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus upgraded Under Armour from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Friday, December 15th. Nine investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.99.

Under Armour (UA) traded up $0.31 during trading on Tuesday, hitting $13.59. The company had a trading volume of 4,143,843 shares, compared to its average volume of 6,673,193. Under Armour has a fifty-two week low of $10.36 and a fifty-two week high of $26.25. The company has a market capitalization of $6,260.00 and a PE ratio of 42.47.

Under Armour (NYSE:UA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. Under Armour had a return on equity of 9.38% and a net margin of 2.94%.

Several institutional investors have recently bought and sold shares of UA. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Under Armour during the 3rd quarter valued at about $103,000. Pacer Advisors Inc. lifted its holdings in shares of Under Armour by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 6,936 shares of the company’s stock valued at $137,000 after purchasing an additional 220 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new position in shares of Under Armour during the 3rd quarter valued at about $139,000. Carnick & Kubik LLC bought a new position in shares of Under Armour during the 1st quarter valued at about $140,000. Finally, First Mercantile Trust Co. bought a new position in shares of Under Armour during the 2nd quarter valued at about $141,000. Institutional investors own 31.77% of the company’s stock.

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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:UA)

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