Under Armour’s (UA) Sell Rating Reiterated at Susquehanna Bancshares

Susquehanna Bancshares reissued their sell rating on shares of Under Armour (NYSE:UA) in a research note released on Tuesday. The brokerage currently has a $11.00 price target on the stock.

Several other analysts also recently issued reports on the stock. Vetr raised shares of Under Armour from a hold rating to a strong-buy rating and set a $17.86 target price on the stock in a research note on Monday. Deutsche Bank set a $12.00 target price on shares of Under Armour and gave the company a sell rating in a research note on Thursday, December 14th. Stifel Nicolaus raised shares of Under Armour from a hold rating to a buy rating and set a $17.00 target price on the stock in a research note on Friday, December 15th. ValuEngine raised shares of Under Armour from a sell rating to a hold rating in a research note on Friday, December 1st. Finally, SunTrust Banks downgraded shares of Under Armour from a buy rating to a hold rating and set a $14.00 target price on the stock. in a research note on Wednesday, November 1st. Nine analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Under Armour presently has a consensus rating of Hold and an average price target of $16.14.

Under Armour (NYSE:UA) traded up $0.19 during midday trading on Tuesday, hitting $14.13. The company’s stock had a trading volume of 6,438,800 shares, compared to its average volume of 6,573,737. Under Armour has a 52 week low of $10.36 and a 52 week high of $26.99. The company has a market capitalization of $6,500.00 and a PE ratio of 44.16.

Institutional investors have recently bought and sold shares of the company. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Under Armour during the 3rd quarter valued at $103,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Under Armour during the 3rd quarter valued at $139,000. Abbot Financial Management Inc. purchased a new position in shares of Under Armour during the 3rd quarter valued at $153,000. Ahrens Investment Partners LLC purchased a new position in shares of Under Armour during the 3rd quarter valued at $158,000. Finally, Boston Private Wealth LLC purchased a new position in shares of Under Armour during the 3rd quarter valued at $159,000. Institutional investors and hedge funds own 31.84% of the company’s stock.

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Under Armour Company Profile

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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