Vetr Upgrades Under Armour (UA) to Buy

Vetr upgraded shares of Under Armour (NYSE:UA) from a sell rating to a buy rating in a report issued on Wednesday morning. They currently have $14.91 price objective on the stock.

Other equities research analysts also recently issued reports about the company. DA Davidson downgraded Under Armour to a hold rating and set a $15.00 price target for the company. in a research note on Tuesday, October 31st. FBR & Co restated a sell rating and set a $10.00 price target on shares of Under Armour in a research note on Tuesday, October 31st. Oppenheimer reiterated a hold rating on shares of Under Armour in a research note on Tuesday, October 31st. SunTrust Banks downgraded Under Armour from a buy rating to a hold rating and set a $14.00 price objective for the company. in a research note on Wednesday, November 1st. Finally, Wells Fargo & Co set a $11.00 price objective on Under Armour and gave the company a sell rating in a research note on Tuesday, October 31st. Eight investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $16.00.

Shares of Under Armour (UA) opened at $13.80 on Wednesday. The stock has a market capitalization of $6,430.00 and a PE ratio of 43.13. Under Armour has a 52 week low of $10.36 and a 52 week high of $27.64.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC raised its holdings in shares of Under Armour by 48.4% during the 2nd quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock worth $286,000 after acquiring an additional 305 shares in the last quarter. Lincoln National Corp raised its holdings in Under Armour by 9.0% during the 2nd quarter. Lincoln National Corp now owns 36,648 shares of the company’s stock valued at $739,000 after buying an additional 3,025 shares during the period. Andra AP fonden raised its holdings in Under Armour by 5.6% during the 2nd quarter. Andra AP fonden now owns 64,200 shares of the company’s stock valued at $1,294,000 after buying an additional 3,400 shares during the period. Balyasny Asset Management LLC raised its holdings in Under Armour by 13.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 38,800 shares of the company’s stock valued at $782,000 after buying an additional 4,644 shares during the period. Finally, Kazazian Asset Management LLC raised its holdings in Under Armour by 33.3% during the 2nd quarter. Kazazian Asset Management LLC now owns 20,000 shares of the company’s stock valued at $403,000 after buying an additional 5,000 shares during the period. 31.84% of the stock is currently owned by institutional investors.

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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.

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

Analyst Recommendations for Under Armour (NYSE:UA)

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