Deutsche Bank upgraded shares of Under Armour (NYSE:UAA) from a sell rating to a hold rating in a report released on Monday morning, Marketbeat reports. The brokerage currently has $14.00 price objective on the stock, down from their previous price objective of $14.30.
Several other research firms also recently commented on UAA. Zacks Investment Research downgraded shares of Under Armour from a hold rating to a sell rating in a report on Wednesday, February 14th. Credit Suisse Group assumed coverage on shares of Under Armour in a report on Monday, March 12th. They set a neutral rating and a $18.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of Under Armour from $17.00 to $18.00 and gave the company a buy rating in a report on Wednesday, February 14th. Vetr downgraded shares of Under Armour from a strong-buy rating to a buy rating and set a $17.98 price objective for the company. in a report on Wednesday, February 14th. Finally, Pivotal Research increased their price objective on shares of Under Armour from $14.00 to $16.00 and gave the company a hold rating in a report on Wednesday, February 14th. Sixteen equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $14.96.
UAA opened at $16.44 on Monday. Under Armour has a 52 week low of $11.40 and a 52 week high of $23.46. The stock has a market cap of $7,397.52, a price-to-earnings ratio of 86.53, a P/E/G ratio of 4.72 and a beta of -0.23. The company has a quick ratio of 1.11, a current ratio of 2.20 and a debt-to-equity ratio of 0.38.
Hedge funds and other institutional investors have recently made changes to their positions in the business. IFG Advisory LLC bought a new stake in Under Armour in the fourth quarter worth about $165,000. Delpha Capital Management LLC purchased a new position in shares of Under Armour during the fourth quarter worth approximately $110,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Under Armour by 248.0% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company’s stock worth $126,000 after acquiring an additional 6,200 shares during the period. Calton & Associates Inc. purchased a new position in shares of Under Armour during the fourth quarter worth approximately $131,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Under Armour during the fourth quarter worth approximately $138,000. 33.90% of the stock is owned by institutional investors and hedge funds.
Under Armour Company Profile
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.
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