Under Armour Inc (UA) Lowered to Sell at 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 released 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. “

A number of other research firms have also recently commented on UA. Susquehanna Bancshares Inc reiterated a “reduce” rating and issued a $14.00 price target on shares of Under Armour in a research note on Friday, March 10th. Wells Fargo & Co reiterated a “market weight” rating and issued a $17.00 price target on shares of Under Armour in a research note on Wednesday, March 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Under Armour currently has a consensus rating of “Hold” and an average target price of $20.25.

Analyst Recommendations for Under Armour (NYSE:UA)

Shares of Under Armour (NYSE:UA) traded down 3.20% during midday trading on Friday, hitting $17.53. 4,108,944 shares of the stock were exchanged. The firm’s 50 day moving average price is $18.10 and its 200-day moving average price is $23.70. The stock has a market cap of $7.69 billion and a P/E ratio of 39.39. Under Armour has a 52-week low of $17.05 and a 52-week high of $46.18.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Mirador Capital Partners LP boosted its position in shares of Under Armour by 0.5% in the third quarter. Mirador Capital Partners LP now owns 28,811 shares of the company’s stock valued at $1,114,000 after buying an additional 155 shares during the last quarter. Arbor Wealth Management LLC bought a new position in shares of Under Armour during the fourth quarter valued at $5,683,000. Lincoln National Corp boosted its position in shares of Under Armour by 5.2% in the third quarter. Lincoln National Corp now owns 8,153 shares of the company’s stock valued at $316,000 after buying an additional 400 shares in the last quarter. Horan Capital Management boosted its position in shares of Under Armour by 7.6% in the third quarter. Horan Capital Management now owns 6,394 shares of the company’s stock valued at $247,000 after buying an additional 450 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA boosted its position in shares of Under Armour by 11.2% in the third quarter. San Francisco Sentry Investment Group CA now owns 7,439 shares of the company’s stock valued at $288,000 after buying an additional 750 shares in the last quarter.

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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