Under Armour (NYSE:UAA) was upgraded by investment analysts at Deutsche Bank from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, Marketbeat reports. The brokerage currently has a $14.00 target price on the stock, down from their prior target price of $14.30. Deutsche Bank’s target price points to a potential downside of 17.45% from the stock’s previous close.
UAA has been the topic of several other research reports. Buckingham Research began coverage on shares of Under Armour in a report on Friday, January 5th. They issued a “neutral” rating and a $17.00 target price on the stock. Macquarie downgraded shares of Under Armour from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $10.00 to $8.00 in a report on Tuesday, January 16th. Vetr raised shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $18.74 target price on the stock in a report on Thursday, February 22nd. Canaccord Genuity reaffirmed a “sell” rating and issued a $9.00 target price on shares of Under Armour in a report on Friday, March 16th. Finally, Stifel Nicolaus lifted their target price 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. Seventeen investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $14.96.
Shares of NYSE:UAA opened at $16.96 on Monday. The stock has a market capitalization of $7,118.95, a PE ratio of 89.26, a PEG ratio of 4.54 and a beta of -0.23. The company has a current ratio of 2.20, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. Under Armour has a fifty-two week low of $11.40 and a fifty-two week high of $23.46.
Several large investors have recently bought and sold shares of UAA. Delpha Capital Management LLC acquired a new position in shares of Under Armour in the fourth quarter valued at approximately $110,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Under Armour by 248.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company’s stock valued at $126,000 after buying an additional 6,200 shares during the last quarter. Vantage Investment Advisors LLC raised its position in shares of Under Armour by 240.0% in the fourth quarter. Vantage Investment Advisors LLC now owns 10,092 shares of the company’s stock valued at $128,000 after buying an additional 7,124 shares during the last quarter. Calton & Associates Inc. acquired a new position in shares of Under Armour in the fourth quarter valued at approximately $131,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Under Armour in the fourth quarter valued at approximately $138,000. 33.90% of the stock is owned by institutional investors and hedge funds.
About Under Armour
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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