Under Armour’s (UA) Sell Rating Reaffirmed at Raymond James Financial

Under Armour (NYSE:UA)‘s stock had its “sell” rating reissued by Raymond James Financial in a note issued to investors on Tuesday.

Several other equities research analysts also recently commented on the company. Piper Jaffray Companies set a $11.00 price objective on Under Armour and gave the company a “hold” rating in a report on Tuesday, October 31st. Pivotal Research set a $14.00 price objective on Under Armour and gave the company a “hold” rating in a report on Monday. Vetr downgraded Under Armour from a “buy” rating to a “hold” rating and set a $14.91 price objective for the company. in a report on Wednesday, January 3rd. Wells Fargo & Co set a $11.00 price objective on Under Armour and gave the company a “sell” rating in a report on Tuesday, October 31st. Finally, DA Davidson downgraded Under Armour to a “hold” rating and set a $15.00 price objective for the company. in a report on Tuesday, October 31st. Nine research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $15.84.

Shares of Under Armour (NYSE UA) traded up $2.11 during mid-day trading on Tuesday, reaching $15.29. The company’s stock had a trading volume of 17,474,182 shares, compared to its average volume of 5,735,680. The company has a market capitalization of $6,830.00 and a P/E ratio of 47.59. Under Armour has a 1-year low of $10.36 and a 1-year high of $21.81.

Large investors have recently made changes to their positions in the stock. Mengis Capital Management Inc. purchased a new position in Under Armour in the fourth quarter worth $170,000. Capital Analysts LLC boosted its position in Under Armour by 551,716.0% in the fourth quarter. Capital Analysts LLC now owns 551,816 shares of the company’s stock worth $31,398,000 after purchasing an additional 551,716 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Under Armour by 41.2% in the fourth quarter. OppenheimerFunds Inc. now owns 29,184 shares of the company’s stock worth $389,000 after purchasing an additional 8,509 shares during the last quarter. American International Group Inc. boosted its position in Under Armour by 8.5% in the fourth quarter. American International Group Inc. now owns 82,470 shares of the company’s stock worth $1,099,000 after purchasing an additional 6,483 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Under Armour by 2.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 531,811 shares of the company’s stock worth $7,084,000 after purchasing an additional 14,219 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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