Vetr upgraded shares of Under Armour (NYSE:UA) from a hold rating to a strong-buy rating in a research note issued to investors on Monday. They currently have $17.86 price target on the stock.

Other research analysts also recently issued reports about the stock. Jefferies Group reaffirmed a buy rating and issued a $28.00 target price on shares of Under Armour in a research note on Friday, October 13th. 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. Piper Jaffray Companies set a $11.00 target price on shares of Under Armour and gave the stock a hold rating in a research note on Tuesday, October 31st. Oppenheimer reaffirmed a hold rating on shares of Under Armour in a research note on Tuesday, October 31st. Finally, Pivotal Research set a $17.00 target price on shares of Under Armour and gave the stock a hold rating in a research note on Sunday, October 29th. Nine equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Under Armour presently has an average rating of Hold and an average price target of $16.14.

Under Armour (NYSE UA) opened at $13.94 on Monday. Under Armour has a one year low of $10.36 and a one year high of $27.48. The company has a market cap of $6,370.00 and a price-to-earnings ratio of 43.56.

A number of institutional investors have recently modified their holdings of the business. IHT Wealth Management LLC boosted its holdings in shares of Under Armour by 48.4% during the 2nd quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock valued at $286,000 after buying an additional 305 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in shares of Under Armour by 13.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 38,800 shares of the company’s stock valued at $782,000 after buying an additional 4,644 shares in the last quarter. Kazazian Asset Management LLC boosted its holdings in shares of Under Armour by 33.3% during the 2nd quarter. Kazazian Asset Management LLC now owns 20,000 shares of the company’s stock valued at $403,000 after buying an additional 5,000 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Under Armour by 0.8% during the 3rd quarter. California Public Employees Retirement System now owns 655,734 shares of the company’s stock valued at $9,849,000 after buying an additional 5,500 shares in the last quarter. Finally, ING Groep NV boosted its holdings in shares of Under Armour by 58.3% during the 3rd quarter. ING Groep NV now owns 16,086 shares of the company’s stock valued at $242,000 after buying an additional 5,924 shares in the last quarter. 31.84% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Under Armour (NYSE:UA)

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