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. “
UA has been the subject of several other research reports. Wells Fargo & Co reaffirmed a “market weight” rating and issued a $17.00 price objective on shares of Under Armour in a research report on Wednesday, March 8th. Susquehanna Bancshares Inc reaffirmed a “reduce” rating and issued a $14.00 price objective on shares of Under Armour in a research report on Friday, March 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.25.
Shares of Under Armour (NYSE:UA) traded down 2.954% on Friday, reaching $17.575. 3,579,382 shares of the company’s stock were exchanged. The firm has a market capitalization of $7.71 billion and a P/E ratio of 39.494. Under Armour has a one year low of $17.05 and a one year high of $46.18. The firm has a 50 day moving average of $18.10 and a 200 day moving average of $23.70.
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Several hedge funds have recently added to or reduced their stakes in the company. Bank of The West raised its position in Under Armour by 138.8% in the third quarter. Bank of The West now owns 104,448 shares of the company’s stock valued at $4,040,000 after buying an additional 60,706 shares during the last quarter. Thornburg Investment Management Inc. raised its position in Under Armour by 10.0% in the fourth quarter. Thornburg Investment Management Inc. now owns 336,946 shares of the company’s stock valued at $9,788,000 after buying an additional 30,722 shares during the last quarter. Mik Capital LLC acquired a new position in Under Armour during the third quarter valued at about $45,813,000. Ngam Advisors L.P. raised its position in Under Armour by 5.1% in the third quarter. Ngam Advisors L.P. now owns 130,094 shares of the company’s stock valued at $5,032,000 after buying an additional 6,329 shares during the last quarter. Finally, Stonehill Capital Management LLC acquired a new position in Under Armour during the fourth quarter valued at about $2,240,000.
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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