Several other research firms have also recently commented on UA. Vetr cut shares of Under Armour from a strong-buy rating to a buy rating and set a $18.79 target price for the company. in a research note on Wednesday, September 13th. Sanford C. Bernstein assumed coverage on shares of Under Armour in a research note on Tuesday, September 12th. They set an underperform rating and a $14.00 price objective for the company. Wells Fargo & Co cut shares of Under Armour from a market perform rating to a sell rating and lowered their price objective for the company from $17.00 to $13.00 in a research note on Tuesday, September 19th. Canaccord Genuity set a $15.00 price objective on shares of Under Armour and gave the company a hold rating in a research note on Thursday, October 12th. Finally, Oppenheimer reissued a hold rating on shares of Under Armour in a research note on Friday, September 22nd. Nine analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $16.14.
Under Armour (NYSE:UA) traded up $0.01 during mid-day trading on Tuesday, reaching $14.14. 4,573,554 shares of the company’s stock traded hands, compared to its average volume of 6,184,570. The stock has a market cap of $6,241.18, a PE ratio of 45.61 and a beta of 0.86. Under Armour has a 12-month low of $10.36 and a 12-month high of $26.99.
A number of hedge funds have recently modified their holdings of UA. FMR LLC lifted its holdings in Under Armour by 12.1% in the 2nd quarter. FMR LLC now owns 2,961,380 shares of the company’s stock worth $59,702,000 after buying an additional 320,600 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Under Armour by 1.1% in the 2nd quarter. California Public Employees Retirement System now owns 650,234 shares of the company’s stock worth $13,109,000 after buying an additional 7,200 shares in the last quarter. WealthPLAN Partners LLC lifted its holdings in Under Armour by 3,353.7% in the 2nd quarter. WealthPLAN Partners LLC now owns 113,316 shares of the company’s stock worth $2,284,000 after buying an additional 110,035 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Under Armour by 164.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 112,430 shares of the company’s stock worth $2,267,000 after buying an additional 69,903 shares in the last quarter. Finally, Virtu KCG Holdings LLC lifted its holdings in Under Armour by 31.3% in the 2nd quarter. Virtu KCG Holdings LLC now owns 36,108 shares of the company’s stock worth $728,000 after buying an additional 8,606 shares in the last quarter. Hedge funds and other institutional investors own 31.84% 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.
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