Under Armour (UAA) Stock Rating Lowered by Vetr

Vetr lowered shares of Under Armour (NYSE:UAA) from a strong-buy rating to a buy rating in a research report report published on Wednesday. Vetr currently has $17.98 price objective on the stock.

UAA has been the subject of several other reports. Wells Fargo & Co lowered their target price on Under Armour to $11.00 and set an underperform rating for the company in a research report on Tuesday, October 31st. Credit Suisse Group raised their target price on Under Armour from $12.02 to $12.25 and gave the stock a neutral rating in a research report on Tuesday, November 7th. Buckingham Research assumed coverage on Under Armour in a research report on Friday, January 5th. They set a neutral rating and a $17.00 target price for the company. Macquarie lowered Under Armour from a neutral rating to an underperform rating and lowered their target price for the stock from $10.00 to $8.00 in a research report on Tuesday, January 16th. Finally, Zacks Investment Research lowered Under Armour from a hold rating to a sell rating in a research report on Wednesday, December 20th. Nineteen equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $14.71.

Shares of Under Armour (UAA) traded down $0.15 during trading hours on Wednesday, reaching $17.61. The company had a trading volume of 1,494,052 shares, compared to its average volume of 7,822,778. The company has a market cap of $7,440.00, a price-to-earnings ratio of -162.23, a P/E/G ratio of 5.39 and a beta of -0.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.16 and a current ratio of 2.20. Under Armour has a twelve month low of $11.40 and a twelve month high of $23.46.

A number of hedge funds have recently added to or reduced their stakes in UAA. Delpha Capital Management LLC acquired a new position in Under Armour during the 4th quarter valued at about $110,000. Vantage Investment Advisors LLC boosted its stake in Under Armour by 240.0% during the 4th quarter. Vantage Investment Advisors LLC now owns 10,092 shares of the company’s stock valued at $128,000 after purchasing an additional 7,124 shares during the last quarter. Calton & Associates Inc. acquired a new position in Under Armour during the 4th quarter valued at about $131,000. WFG Advisors LP acquired a new position in Under Armour during the 2nd quarter valued at about $132,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Under Armour during the 4th quarter valued at about $138,000. Institutional investors and hedge funds own 31.93% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Under Armour (NYSE:UAA)

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