Under Armour (NYSE:UA) received a $13.00 price target from equities research analysts at Canaccord Genuity in a research report issued on Tuesday. The firm currently has a “sell” rating on the stock. Canaccord Genuity’s target price indicates a potential downside of 34.11% from the stock’s previous close.

A number of other brokerages have also weighed in on UA. Morgan Stanley set a $21.00 target price on Under Armour and gave the company a “hold” rating in a research note on Tuesday, November 27th. Wells Fargo & Co upgraded Under Armour from an “underperform” rating to a “market perform” rating and set a $23.00 target price for the company in a research note on Friday, November 30th. Piper Jaffray Companies set a $32.00 target price on Under Armour and gave the company a “buy” rating in a research note on Thursday, December 6th. ValuEngine lowered Under Armour from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Guggenheim restated a “hold” rating on shares of Under Armour in a research note on Wednesday, December 12th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Under Armour currently has a consensus rating of “Hold” and a consensus price target of $19.00.

Shares of NYSE UA opened at $19.73 on Tuesday. The firm has a market cap of $8.92 billion, a price-to-earnings ratio of 76.15 and a beta of 0.95. Under Armour has a 52-week low of $13.62 and a 52-week high of $23.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.97 and a quick ratio of 1.20.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The company had revenue of $1.39 billion during the quarter. Under Armour had a positive return on equity of 6.03% and a negative net margin of 0.89%.

In other Under Armour news, insider Paul Fipps sold 23,247 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $19.49, for a total transaction of $453,084.03. Following the transaction, the insider now owns 362,784 shares in the company, valued at $7,070,660.16. The sale was disclosed in a document filed with the SEC, which is available through this link. 16.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Under Armour by 54.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,935 shares of the company’s stock worth $31,000 after buying an additional 679 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Under Armour by 0.8% during the fourth quarter. Great West Life Assurance Co. Can now owns 95,286 shares of the company’s stock worth $1,470,000 after buying an additional 745 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in Under Armour by 7.4% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 13,273 shares of the company’s stock worth $215,000 after buying an additional 916 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Under Armour by 1.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 74,538 shares of the company’s stock worth $1,205,000 after buying an additional 937 shares during the last quarter. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Under Armour by 4.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 23,212 shares of the company’s stock valued at $375,000 after purchasing an additional 998 shares in the last quarter. Hedge funds and other institutional investors own 33.38% of the company’s stock.

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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