Under Armour Inc (NYSE:UAA) shares gapped up before the market opened on Wednesday after Stifel Nicolaus raised their price target on the stock from $17.00 to $18.00. The stock had previously closed at $17.25, but opened at $16.70. Stifel Nicolaus currently has a buy rating on the stock. Under Armour shares last traded at $17.44, with a volume of 10159832 shares trading hands.

A number of other analysts have also recently weighed in on UAA. Deutsche Bank lowered their target price on shares of Under Armour from $16.00 to $14.00 and set a “sell” rating on the stock in a research note on Thursday, October 26th. Bank of America cut shares of Under Armour from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $21.00 to $12.00 in a research note on Monday, October 30th. Pivotal Research reissued a “hold” rating and issued a $14.00 target price (down previously from $17.00) on shares of Under Armour in a research note on Tuesday, October 31st. FBR & Co lowered their target price on shares of Under Armour from $14.00 to $10.00 and set a “sell” rating on the stock in a research note on Tuesday, October 31st. Finally, DA Davidson cut shares of Under Armour from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 31st. Eighteen equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company’s stock. Under Armour has a consensus rating of “Hold” and an average target price of $14.71.

Institutional investors have recently modified their holdings of the business. WFG Advisors LP bought a new stake in Under Armour during the second quarter worth about $132,000. IFG Advisory LLC bought a new stake in Under Armour during the fourth quarter worth about $165,000. Delpha Capital Management LLC bought a new stake in Under Armour during the fourth quarter worth about $110,000. Calton & Associates Inc. acquired a new position in shares of Under Armour during the fourth quarter worth approximately $131,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Under Armour during the fourth quarter worth approximately $138,000. 31.93% of the stock is currently owned by hedge funds and other institutional investors.

The company has a market capitalization of $6,285.35, a PE ratio of 55.94, a PEG ratio of 4.35 and a beta of -0.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16.

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Under Armour Company Profile

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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