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 analysts have also issued reports on UA. Susquehanna Bancshares Inc reissued a “reduce” rating and issued a $14.00 target price on shares of Under Armour in a report on Friday, March 10th. Wells Fargo & Co reissued a “market weight” rating and issued a $17.00 target price on shares of Under Armour in a report on Wednesday, March 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.25.
Under Armour (NYSE:UA) traded down 3.20% during trading on Friday, hitting $17.53. 4,107,180 shares of the stock traded hands. Under Armour has a 52-week low of $17.05 and a 52-week high of $46.18. The stock has a market cap of $7.69 billion and a P/E ratio of 39.39. The stock has a 50 day moving average price of $18.10 and a 200-day moving average price of $23.70.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in UA. Arbor Wealth Management LLC bought a new position in Under Armour during the fourth quarter worth about $5,683,000. Peloton Wealth Strategists acquired a new position in shares of Under Armour during the third quarter worth $203,000. Horan Capital Management raised 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 worth $247,000 after buying an additional 450 shares in the last quarter. Prospera Financial Services Inc raised its position in shares of 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 shares of Under Armour during the third quarter worth $280,000.
Under Armour Company Profile
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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