Oppenheimer Holdings, Inc. Reiterates Hold Rating for Under Armour, Inc. (UA)

Under Armour, Inc. (NYSE:UA)‘s stock had its “hold” rating restated by research analysts at Oppenheimer Holdings, Inc. in a research note issued on Tuesday.

Several other research analysts have also issued reports on the stock. Vetr lowered shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 price target on the stock. in a research report on Wednesday, September 13th. Jefferies Group LLC set a $28.00 price target on shares of Under Armour and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub lowered shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Sanford C. Bernstein initiated coverage on shares of Under Armour in a research report on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 price target on the stock. Finally, KeyCorp upgraded shares of Under Armour to an “overweight” rating in a research report on Monday, September 25th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.69.

Under Armour (NYSE:UA) last posted its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The firm had revenue of $1.09 billion for the quarter. Under Armour had a net margin of 2.94% and a return on equity of 9.38%.

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Several large investors have recently modified their holdings of UA. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Under Armour during the 3rd quarter valued at $103,000. First Mercantile Trust Co. acquired a new stake in shares of Under Armour during the 2nd quarter valued at $141,000. Abbot Financial Management Inc. acquired a new stake in shares of Under Armour during the 3rd quarter valued at $153,000. Ahrens Investment Partners LLC acquired a new stake in shares of Under Armour during the 3rd quarter valued at $158,000. Finally, WMS Partners LLC acquired a new stake in shares of Under Armour during the 3rd quarter valued at $167,000. 30.27% of the stock is owned by institutional investors.

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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