Under Armour (NYSE:UA) received a $21.00 price objective from investment analysts at Cowen in a report released on Tuesday. The brokerage currently has a “hold” rating on the stock. Cowen’s price objective points to a potential upside of 5.90% from the company’s previous close.
Several other research analysts have also recently commented on the company. Pivotal Research set a $20.00 price target on Under Armour and gave the stock a “hold” rating in a research note on Friday, October 26th. Canaccord Genuity set a $12.00 price target on Under Armour and gave the stock a “sell” rating in a research note on Friday, October 26th. ValuEngine upgraded Under Armour from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. Morgan Stanley assumed coverage on Under Armour in a research note on Wednesday, August 1st. They issued a “hold” rating and a $20.00 price target on the stock. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $20.00 price target on shares of Under Armour in a research note on Thursday, July 26th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $15.86.
NYSE:UA opened at $19.83 on Tuesday. Under Armour has a one year low of $10.36 and a one year high of $22.68. The stock has a market capitalization of $7.36 billion, a P/E ratio of 104.37 and a beta of -0.67.
In other Under Armour news, CFO David Bergman sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $19.89, for a total transaction of $99,450.00. Following the sale, the chief financial officer now owns 165,166 shares in the company, valued at $3,285,151.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its stake in Under Armour by 155.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,264 shares of the company’s stock valued at $111,000 after buying an additional 3,200 shares in the last quarter. Kiley Juergens Wealth Management LLC acquired a new stake in Under Armour during the second quarter valued at approximately $160,000. US Bancorp DE raised its stake in Under Armour by 88.4% during the second quarter. US Bancorp DE now owns 8,459 shares of the company’s stock valued at $178,000 after buying an additional 3,969 shares in the last quarter. Strs Ohio grew its holdings in shares of Under Armour by 338.1% during the second quarter. Strs Ohio now owns 9,554 shares of the company’s stock valued at $201,000 after purchasing an additional 7,373 shares during the last quarter. Finally, Cooper Haims Advisors LLC bought a new position in shares of Under Armour during the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 32.98% of the company’s stock.
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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