Several other analysts have also issued reports on the company. ValuEngine raised 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 target price for the company. Piper Jaffray Companies reissued a hold rating and set a $20.00 price objective on shares of Under Armour in a research note on Thursday, July 26th. Wedbush increased their price objective on Under Armour from $15.00 to $18.00 and gave the company a neutral rating in a research note on Friday, July 20th. Finally, Pivotal Research reissued a hold rating and set a $21.00 price objective on shares of Under Armour in a research note on Tuesday, July 17th. Eight research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Under Armour currently has a consensus rating of Hold and a consensus price target of $14.53.
Shares of UA opened at $16.55 on Friday. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 87.11 and a beta of -0.67. Under Armour has a 1 year low of $10.36 and a 1 year high of $22.68.
In related 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 completion of the transaction, the chief financial officer now owns 165,166 shares in the company, valued at $3,285,151.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 16.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. raised its holdings in shares of 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 acquiring an additional 3,200 shares in the last quarter. Kiley Juergens Wealth Management LLC bought a new position in shares of Under Armour during the second quarter valued at approximately $160,000. US Bancorp DE raised its holdings in shares of 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 acquiring an additional 3,969 shares in the last quarter. Summit Financial Wealth Advisors LLC bought a new position in shares of Under Armour during the second quarter valued at approximately $181,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Under Armour during the first quarter valued at approximately $192,000. Institutional investors own 32.97% 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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