Under Armour, Inc. (NYSE:UA) was upgraded by equities researchers at KeyCorp to an “overweight” rating in a research report issued on Monday.

UA has been the subject of a number of other research reports. Buckingham Research set a $14.00 target price on Under Armour and gave the stock a “sell” rating in a research report on Thursday, August 3rd. Raymond James Financial, Inc. restated an “underperform” rating on shares of Under Armour in a research report on Friday, July 7th. Vetr upgraded Under Armour from a “sell” rating to a “hold” rating and set a $19.90 price objective on the stock in a research report on Thursday, June 15th. Forward View set a $17.00 price objective on Under Armour and gave the company a “hold” rating in a research report on Sunday, August 13th. Finally, FBR & Co restated an “underperform” rating and set a $14.00 price objective on shares of Under Armour in a research report on Wednesday, August 2nd. Ten investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Under Armour currently has a consensus rating of “Hold” and an average target price of $18.38.

Under Armour (NYSE:UA) last released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. The firm had revenue of $1.09 billion during the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%.

ILLEGAL ACTIVITY WARNING: “Under Armour, Inc. (UA) Upgraded by KeyCorp to Overweight” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/25/under-armour-inc-ua-upgraded-by-keycorp-to-overweight.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC boosted its position in shares of 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 purchasing an additional 320,600 shares in the last quarter. WCM Investment Management CA boosted its position in shares of Under Armour by 19.5% in the 2nd quarter. WCM Investment Management CA now owns 1,368,431 shares of the company’s stock worth $27,588,000 after purchasing an additional 223,415 shares in the last quarter. Harris Associates L P acquired a new stake in shares of Under Armour in the 2nd quarter worth $22,967,000. American Century Companies Inc. acquired a new stake in shares of Under Armour in the 2nd quarter worth $19,429,000. Finally, Contrarius Investment Management Ltd acquired a new stake in shares of Under Armour in the 2nd quarter worth $17,656,000. 30.25% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Stock Ratings for Under Armour Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour Inc. and related stocks with our FREE daily email newsletter.