Under Armour (UAA) Downgraded by ValuEngine to Sell

ValuEngine downgraded shares of Under Armour (NYSE:UAA) from a hold rating to a sell rating in a research note released on Friday.

Several other research firms have also commented on UAA. Stifel Nicolaus upgraded shares of Under Armour from a hold rating to a buy rating and raised their price target for the company from $12.00 to $17.00 in a research report on Friday, December 15th. Wedbush restated a neutral rating and set a $11.00 price target (down previously from $17.00) on shares of Under Armour in a research report on Wednesday, November 1st. Canaccord Genuity reiterated a hold rating and issued a $15.00 target price (down previously from $18.00) on shares of Under Armour in a research report on Thursday, October 12th. Sanford C. Bernstein reiterated an underperform rating and issued a $9.00 target price (down previously from $14.00) on shares of Under Armour in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies dropped their target price on shares of Under Armour to $11.00 and set a neutral rating on the stock in a research report on Tuesday, October 31st. Eighteen analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Under Armour has a consensus rating of Hold and a consensus price target of $14.50.

Shares of Under Armour (NYSE:UAA) opened at $12.92 on Friday. The company has a market cap of $5,440.00, a price-to-earnings ratio of 40.38, a P/E/G ratio of 3.50 and a beta of -0.04. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Under Armour has a 52-week low of $11.40 and a 52-week high of $23.46.

A number of institutional investors and hedge funds have recently bought and sold shares of UAA. Vanguard Group Inc. acquired a new position in Under Armour during the second quarter worth about $393,172,000. BlackRock Inc. acquired a new position in Under Armour during the second quarter worth about $238,861,000. State Street Corp acquired a new position in Under Armour during the second quarter worth about $157,325,000. Hexavest Inc. acquired a new position in Under Armour during the fourth quarter worth about $39,368,000. Finally, Disciplined Growth Investors Inc. MN acquired a new position in Under Armour during the third quarter worth about $39,964,000. Hedge funds and other institutional investors own 31.91% 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 ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Under Armour (NYSE:UAA)

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