Piper Jaffray Companies set a $32.00 price target on Under Armour (NYSE:UA) in a research report report published on Thursday morning. The firm currently has a buy rating on the stock.

UA has been the topic of a number of other reports. Pivotal Research set a $20.00 target price on Under Armour and gave the stock a hold rating in a research note on Friday, October 26th. Canaccord Genuity set a $12.00 target price on Under Armour and gave the stock a sell rating in a research note on Friday, October 26th. TheStreet upgraded Under Armour from a d+ rating to a c- rating in a research note on Tuesday, October 30th. Cowen set a $21.00 price objective on Under Armour and gave the company a hold rating in a research note on Tuesday, October 30th. Finally, Wells Fargo & Co upgraded Under Armour from an underperform rating to a market perform rating and set a $23.00 price objective on the stock in a research note on Friday, November 30th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $17.43.

Shares of NYSE UA traded down $0.36 during mid-day trading on Thursday, reaching $22.22. 78,352 shares of the company’s stock were exchanged, compared to its average volume of 2,851,456. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 118.16 and a beta of -0.52. Under Armour has a 52 week low of $11.41 and a 52 week high of $23.28.

Under Armour (NYSE:UA) last released its earnings results on Tuesday, October 30th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.13. The business had revenue of $1.44 billion for the quarter.

In related news, CFO David Bergman sold 2,500 shares of the business’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $22.00, for a total value of $55,000.00. Following the sale, the chief financial officer now directly owns 157,666 shares in the company, valued at approximately $3,468,652. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of UA. Bank of Montreal Can purchased a new position in Under Armour during the 2nd quarter valued at about $2,361,000. Janney Montgomery Scott LLC grew its holdings in Under Armour by 23.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 42,583 shares of the company’s stock valued at $898,000 after buying an additional 8,091 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Under Armour by 4.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 560,501 shares of the company’s stock valued at $11,815,000 after buying an additional 25,672 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Under Armour by 17,566.5% during the 2nd quarter. Victory Capital Management Inc. now owns 502,788 shares of the company’s stock valued at $10,599,000 after buying an additional 499,942 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in Under Armour during the 2nd quarter valued at about $3,402,000. 28.49% of the stock is owned by institutional investors and hedge funds.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

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Analyst Recommendations for Under Armour (NYSE:UA)

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