Under Armour’s (UA) Hold Rating Reaffirmed at Susquehanna Bancshares Inc
Susquehanna Bancshares Inc reissued their hold rating on shares of Under Armour, Inc. (NYSE:UA) in a research note issued to investors on Tuesday. The firm currently has a $11.00 price objective on the stock.
Several other brokerages have also recently commented on UA. Jefferies Group LLC reiterated a buy rating and issued a $28.00 target price on shares of Under Armour in a report on Thursday, September 7th. Vetr cut Under Armour from a strong-buy rating to a buy rating and set a $18.79 price target on the stock. in a report on Wednesday, September 13th. SunTrust Banks, Inc. cut Under Armour from a buy rating to a hold rating and set a $14.00 price target on the stock. in a report on Wednesday, November 1st. Wells Fargo & Company cut Under Armour from a market perform rating to a sell rating and cut their price target for the stock from $17.00 to $13.00 in a report on Tuesday, September 19th. Finally, BidaskClub cut Under Armour from a hold rating to a sell rating in a report on Wednesday, July 12th. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $16.49.
Shares of Under Armour (NYSE:UA) opened at $11.37 on Tuesday. Under Armour has a twelve month low of $10.36 and a twelve month high of $29.53. The company has a market capitalization of $4,845.71, a P/E ratio of 26.81 and a beta of 0.70.
Large investors have recently modified their holdings of the company. IHT Wealth Management LLC raised its position in shares of Under Armour by 48.4% during the second quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock worth $286,000 after purchasing an additional 305 shares during the period. Harbour Capital Advisors LLC raised its position in shares of Under Armour by 665.0% during the second quarter. Harbour Capital Advisors LLC now owns 5,363 shares of the company’s stock worth $266,000 after purchasing an additional 4,662 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Under Armour during the third quarter worth approximately $103,000. First Mercantile Trust Co. acquired a new position in shares of Under Armour during the second quarter worth approximately $141,000. Finally, Massey Quick Simon & CO. LLC acquired a new position in shares of Under Armour during the third quarter worth approximately $139,000. 30.19% of the stock is currently 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.
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