Telsey Advisory Group Boosts Under Armour (UAA) Price Target to $15.00

Under Armour (NYSE:UAA) had its price objective hoisted by equities research analysts at Telsey Advisory Group from $13.00 to $15.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price indicates a potential downside of 10.18% from the company’s current price.

Other analysts also recently issued reports about the stock. Stifel Nicolaus upgraded shares of Under Armour from a “hold” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $17.00 in a research report on Friday, December 15th. Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $17.98 price objective on the stock. in a research report on Wednesday. SunTrust Banks downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Pivotal Research reiterated a “hold” rating and issued a $14.00 price objective (down from $17.00) on shares of Under Armour in a research report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Eighteen investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.53.

Shares of Under Armour (NYSE UAA) opened at $16.70 on Wednesday. The firm has a market cap of $6,285.35, a PE ratio of 34.71, a P/E/G ratio of 4.35 and a beta of -0.23. Under Armour has a 52-week low of $11.40 and a 52-week high of $23.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16.

Institutional investors and hedge funds have recently made changes to their positions in the company. Aviva PLC acquired a new position in shares of Under Armour in the 2nd quarter worth approximately $2,486,000. State of Tennessee Treasury Department acquired a new position in shares of Under Armour in the 2nd quarter worth approximately $4,363,000. Chilton Investment Co. LLC acquired a new position in shares of Under Armour in the 2nd quarter worth approximately $18,697,000. Hexavest Inc. acquired a new position in shares of Under Armour in the 4th quarter worth approximately $39,368,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of Under Armour in the 2nd quarter worth approximately $15,325,000. 31.93% 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:UAA)

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