ibusinesslines.com March 19, 2018

Vetr Inc. Upgrades Under Armour Inc (UA) to "Strong-Buy"

27 April 2017, 03:53 | Kelvin Horton

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The stock lost -0.14% in total of its share price. Zacks Investment Research raised Under Armour from a sell rating to a hold rating in a report on Wednesday, March 15th. Susquehanna Bancshares Inc reaffirmed a reduce rating and issued a $14.00 price target on shares of Under Armour in a report on Friday, March 10th. Robert W. Baird reiterated an "outperform" rating and issued a $25.00 price target (down from $35.00) on shares of Under Armour in a research report on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company. Credit Suisse Group AG's price target points to a potential downside of 12.95% from the stock's current price.

Under Armour (NYSE:UA) opened at 18.14 on Thursday.

The stock as of last trading session moved 7.12% up from its 52 week low and was -58.40% behind its 52 week high. The company has a market cap of $7.95 billion and a PE ratio of 40.76. Further back, their 200-Day Simple Moving Average is -37.30% difference from today's price.

"Our first quarter results were in line with our expectations and we're off to a solid start in 2017", said Under Armour Chairman and CEO Kevin Plank. If you are reading this news story on another website, it was stolen and reposted in violation of worldwide copyright laws.

Shares of Under Armour Inc (NYSE:UAA) inclined 0.46% to $19.53. Northeast Investment Management increased its stake in Under Armour by 60.7% in the first quarter. Thornburg Investment Management Inc. now owns 336,946 shares of the company's stock worth $9,788,000 after buying an additional 30,722 shares in the last quarter. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.02. City Holding Co. increased its stake in Under Armour by 50.5% in the first quarter. The business's quarterly revenue was up 11.7% compared to the same quarter previous year.

Under Armour has 438,530,000 shares which are now outstanding with shareholders and have a price of 17.97 bringing Under Armour's market capitalisation to 7.88B Dollars.

Last year, the Baltimore sports gear company put up a profit of $19.2 million, or 4 cents per share, a year earlier. Finally, Ken Stern & Associates Inc. purchased a new position in shares of Under Armour during the third quarter valued at $283,000. Stock traders acquired 6,891 put options on the company.

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth.

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