The stock of Under Armour Inc (NYSE:UA) is a huge mover today! About 884,092 shares traded hands. Under Armour Inc (NYSE:UA) has declined 5.83% since March 8, 2016 and is downtrending. It has underperformed by 15.15% the S&P500.
The move comes after 8 months positive chart setup for the $15.80B company. It was reported on Oct, 11 by Barchart.com. We have $59.03 PT which if reached, will make NYSE:UA worth $8.53 billion more.
Under Armour Inc (NYSE:UA) Ratings Coverage
Out of 25 analysts covering Under Armour (NYSE:UA), 14 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 56% are positive. Under Armour has been the topic of 52 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, January 26 by Piper Jaffray. The company was downgraded on Wednesday, October 14 by Piper Jaffray. S&P Research upgraded Under Armour Inc (NYSE:UA) rating on Friday, July 24. S&P Research has “Buy” rating and $110 price target. Telsey Advisory Group maintained it with “Outperform” rating and $49 target price in Wednesday, June 1 report. Atlantic Securities initiated the shares of UA in a report on Monday, August 10 with “Overweight” rating. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, August 12 report. The company was upgraded on Friday, January 29 by B. Riley & Co. The stock has “Neutral” rating given by Credit Suisse on Wednesday, June 1. As per Friday, June 3, the company rating was maintained by DA Davidson. The rating was downgraded by Brean Capital on Wednesday, May 4 to “Hold”.
According to Zacks Investment Research, “Under Armour, Inc. is involved in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. It operates primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific and Latin America. The company’s Under Armour Connected Fitness(TM) platform provides digital health and fitness community through UA Record, MapMyFitness, Endomondo and MyFitnessPal applications. Under Armour, Inc. is headquartered in Baltimore, Maryland.”
More notable recent Under Armour Inc (NYSE:UA) news were published by: Fool.com which released: “Better Buy: Under Armour Inc or Adidas?” on September 29, 2016, also Fool.com with their article: “3 Reasons Under Armour, Inc. Stock Could Fall” published on September 23, 2016, Fool.com published: “4 Red Flags in Under Armour Inc’s Income Statement” on September 14, 2016. More interesting news about Under Armour Inc (NYSE:UA) were released by: Fool.com and their article: “Under Armour Inc’s New Sportswear Line Is a Bold Move — and a Big Opportunity” published on September 17, 2016 as well as Profitconfidential.com‘s news article titled: “Under Armour Stock: Under Armour Inc Could Gain 71% in 2017” with publication date: September 19, 2016.
UA Company Profile
Under Armour, Inc., incorporated on July 01, 1996, is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s moisture-wicking fabrications are engineered in a range of creates and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s divisions 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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