Under Armour (UA) Given a $12.00 Price Target by Deutsche Bank Analysts

Deutsche Bank set a $12.00 price objective on Under Armour (NYSE:UA) in a research report sent to investors on Thursday morning. The brokerage currently has a sell rating on the stock.

A number of other equities analysts have also recently issued reports on UA. Vetr cut Under Armour from a strong-buy rating to a strong sell rating and set a $10.18 price target on the stock. in a report on Monday. ValuEngine upgraded Under Armour from a sell rating to a hold rating in a report on Friday, December 1st. Piper Jaffray Companies set a $11.00 target price on Under Armour and gave the stock a hold rating in a report on Tuesday, October 31st. Wells Fargo & Company cut Under Armour from a market perform rating to a sell rating and dropped their price objective for the company from $17.00 to $13.00 in a research note on Tuesday, September 19th. Finally, Canaccord Genuity set a $15.00 target price on Under Armour and gave the company a hold rating in a research report on Thursday, October 12th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $15.51.

Under Armour (NYSE UA) traded up $1.17 during trading on Thursday, hitting $13.62. The company’s stock had a trading volume of 18,499,000 shares, compared to its average volume of 4,547,290. The company has a market cap of $5,459.38, a PE ratio of 30.15 and a beta of 1.02. Under Armour has a 52-week low of $10.36 and a 52-week high of $27.64.

Institutional investors and hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC grew its holdings in Under Armour by 48.4% during the 2nd quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock valued at $286,000 after buying an additional 305 shares in the last quarter. Lincoln National Corp increased its holdings in shares of Under Armour by 9.0% in the 2nd quarter. Lincoln National Corp now owns 36,648 shares of the company’s stock valued at $739,000 after acquiring an additional 3,025 shares during the period. Andra AP fonden increased its holdings in shares of Under Armour by 5.6% in the 2nd quarter. Andra AP fonden now owns 64,200 shares of the company’s stock valued at $1,294,000 after acquiring an additional 3,400 shares during the period. Balyasny Asset Management LLC increased its holdings in shares of Under Armour by 13.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 38,800 shares of the company’s stock valued at $782,000 after acquiring an additional 4,644 shares during the period. Finally, Kazazian Asset Management LLC grew its stake in Under Armour by 33.3% during the 2nd quarter. Kazazian Asset Management LLC now owns 20,000 shares of the company’s stock worth $403,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 31.86% 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.

Analyst Recommendations for Under Armour (NYSE:UA)

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