Susquehanna Bancshares Inc Reaffirms Hold Rating for Under Armour, Inc. (NYSE:UA)

Under Armour, Inc. (NYSE:UA)‘s stock had its “hold” rating reissued by equities research analysts at Susquehanna Bancshares Inc in a report released on Tuesday, November 7th. They presently have a $11.00 target price on the stock. Susquehanna Bancshares Inc’s price target suggests a potential downside of 5.09% from the company’s current price.

UA has been the topic of a number of other reports. BidaskClub downgraded shares of Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Deutsche Bank AG cut shares of Under Armour from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Vetr upgraded shares of Under Armour from a “hold” rating to a “buy” rating and set a $18.88 price objective for the company in a research report on Tuesday, July 25th. Buckingham Research set a $15.00 target price on shares of Under Armour and gave the company a “sell” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC set a $28.00 target price on shares of Under Armour and gave the company a “buy” rating in a research report on Monday, July 31st. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. Under Armour has a consensus rating of “Hold” and an average target price of $16.14.

Under Armour (UA) traded down $0.09 during trading hours on Tuesday, reaching $11.59. 2,190,000 shares of the company’s stock traded hands, compared to its average volume of 7,660,000. The stock has a market cap of $5,420.00 and a P/E ratio of 28.27. Under Armour has a 12 month low of $10.36 and a 12 month high of $29.53.

Several institutional investors have recently made changes to their positions in UA. Bares Capital Management Inc. grew its position in Under Armour by 5.9% in the 3rd quarter. Bares Capital Management Inc. now owns 8,091,563 shares of the company’s stock valued at $121,535,000 after buying an additional 447,650 shares during the last quarter. FMR LLC grew its position in Under Armour by 12.1% in the 2nd quarter. FMR LLC now owns 2,961,380 shares of the company’s stock valued at $59,702,000 after buying an additional 320,600 shares during the last quarter. Baillie Gifford & Co. grew its position in Under Armour by 0.4% in the 3rd quarter. Baillie Gifford & Co. now owns 2,766,112 shares of the company’s stock valued at $41,547,000 after buying an additional 12,110 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Under Armour by 66.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the company’s stock valued at $22,530,000 after buying an additional 600,000 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Under Armour by 51.7% in the 3rd quarter. American Century Companies Inc. now owns 1,462,040 shares of the company’s stock valued at $21,960,000 after buying an additional 498,290 shares during the last quarter. 29.81% 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.

Analyst Recommendations for Under Armour (NYSE:UA)

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