Citigroup Trims Under Armour (UAA) Target Price to $15.00

Under Armour (NYSE:UAA) had its price objective cut by Citigroup from $16.00 to $15.00 in a report released on Monday morning. They currently have a neutral rating on the stock.

UAA has been the topic of several other reports. Piper Jaffray Companies reduced their target price on Under Armour from $17.00 to $14.00 and set an average rating on the stock in a report on Wednesday, October 11th. Jefferies Group reaffirmed a buy rating and issued a $28.00 target price on shares of Under Armour in a report on Friday, October 13th. Stifel Nicolaus raised Under Armour from a hold rating to a buy rating and lifted their target price for the stock from $12.00 to $17.00 in a report on Friday, December 15th. Canaccord Genuity reaffirmed a hold rating and issued a $15.00 target price (down from $18.00) on shares of Under Armour in a report on Thursday, October 12th. Finally, Pivotal Research reaffirmed a hold rating and issued a $14.00 target price (down from $17.00) on shares of Under Armour in a report on Tuesday, October 31st. Eighteen investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $14.35.

Under Armour (NYSE UAA) opened at $13.14 on Monday. Under Armour has a 52-week low of $11.40 and a 52-week high of $23.46. The company has a market capitalization of $5,550.00, a PE ratio of 41.06, a PEG ratio of 3.84 and a beta of -0.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its stake in shares of Under Armour by 62.5% during the fourth quarter. Advisory Services Network LLC now owns 25,698 shares of the company’s stock valued at $371,000 after buying an additional 9,885 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Under Armour by 13.7% during the fourth quarter. Toronto Dominion Bank now owns 79,736 shares of the company’s stock valued at $1,151,000 after buying an additional 9,591 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Under Armour by 398.1% during the fourth quarter. First Trust Advisors LP now owns 59,116 shares of the company’s stock valued at $853,000 after buying an additional 47,247 shares during the last quarter. Wealthstreet Investment Advisors LLC bought a new position in shares of Under Armour during the fourth quarter valued at approximately $786,000. Finally, California Public Employees Retirement System grew its stake in shares of Under Armour by 15.4% during the fourth quarter. California Public Employees Retirement System now owns 188,676 shares of the company’s stock valued at $2,723,000 after buying an additional 25,138 shares during the last quarter. 31.91% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Under Armour (NYSE:UAA)

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