Pivotal Research Reiterates “$14.00” Price Target for Under Armour (UA)

Under Armour (NYSE:UA) has been assigned a $14.00 target price by analysts at Pivotal Research in a report released on Monday. The firm presently has a “hold” rating on the stock. Pivotal Research’s price target would indicate a potential upside of 6.22% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Friday, December 15th. Vetr raised shares of Under Armour from a “sell” rating to a “buy” rating and set a $14.91 price target on the stock in a report on Wednesday, December 20th. Piper Jaffray Companies set a $11.00 price target on shares of Under Armour and gave the stock a “hold” rating in a report on Tuesday, October 31st. Oppenheimer reissued a “hold” rating on shares of Under Armour in a report on Tuesday, October 31st. Finally, ValuEngine raised shares of Under Armour from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Nine equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.84.

Under Armour (UA) traded up $0.72 during midday trading on Monday, reaching $13.18. 8,038,520 shares of the company’s stock traded hands, compared to its average volume of 5,280,000. Under Armour has a fifty-two week low of $10.36 and a fifty-two week high of $21.81. The stock has a market cap of $6,110.00 and a PE ratio of 41.19.

Several hedge funds have recently added to or reduced their stakes in the stock. Capital Analysts LLC grew its holdings in shares of Under Armour by 551,716.0% during the 4th quarter. Capital Analysts LLC now owns 551,816 shares of the company’s stock valued at $31,398,000 after purchasing an additional 551,716 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Under Armour by 41.2% during the 4th quarter. OppenheimerFunds Inc. now owns 29,184 shares of the company’s stock valued at $389,000 after purchasing an additional 8,509 shares during the last quarter. American International Group Inc. grew its holdings in shares of Under Armour by 8.5% during the 4th quarter. American International Group Inc. now owns 82,470 shares of the company’s stock valued at $1,099,000 after purchasing an additional 6,483 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Under Armour by 2.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 531,811 shares of the company’s stock valued at $7,084,000 after purchasing an additional 14,219 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Under Armour by 21.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,665,961 shares of the company’s stock valued at $22,191,000 after purchasing an additional 294,024 shares during the last quarter. 31.15% of the stock is currently owned by 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.

Analyst Recommendations for Under Armour (NYSE:UA)

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