Under Armour Inc (UA) Stock Rating Lowered by Zacks Investment Research

Under Armour Inc (NYSE:UA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday.

According to Zacks, “Under Armour, Inc. is involved in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. It operates primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific and Latin America. The company’s Under Armour Connected Fitness(TM) platform provides digital health and fitness community through UA Record, MapMyFitness, Endomondo and MyFitnessPal applications. Under Armour, Inc. is headquartered in Baltimore, Maryland. “

Several other research analysts have also recently issued reports on the company. Susquehanna Bancshares Inc reaffirmed a “reduce” rating and set a $14.00 target price on shares of Under Armour in a research report on Friday, March 10th. Wells Fargo & Co reissued a “market weight” rating and issued a $17.00 price objective on shares of Under Armour in a research report on Wednesday, March 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Under Armour presently has an average rating of “Hold” and an average price target of $20.25.

Analyst Recommendations for Under Armour (NYSE:UA)

Under Armour (NYSE:UA) traded down 3.009% during mid-day trading on Friday, reaching $17.565. The company had a trading volume of 3,124,871 shares. The firm has a market capitalization of $7.70 billion and a P/E ratio of 39.472. The firm’s 50-day moving average is $18.10 and its 200-day moving average is $23.70. Under Armour has a one year low of $17.05 and a one year high of $46.18.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Peloton Wealth Strategists acquired a new position in Under Armour during the third quarter worth approximately $203,000. GSA Capital Partners LLP acquired a new position in Under Armour during the fourth quarter worth approximately $233,000. Horan Capital Management raised its position in Under Armour by 7.6% in the third quarter. Horan Capital Management now owns 6,394 shares of the company’s stock worth $247,000 after buying an additional 450 shares in the last quarter. Prospera Financial Services Inc raised its position in Under Armour by 38.7% in the third quarter. Prospera Financial Services Inc now owns 7,101 shares of the company’s stock worth $275,000 after buying an additional 1,980 shares in the last quarter. Finally, BTC Capital Management Inc. acquired a new position in Under Armour during the third quarter worth approximately $280,000.

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.

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