Today’s Stock On Watch: Will Under Armour Inc Go Down Anytime Soon?

Today's Stock On Watch: Will Under Armour Inc Go Down Anytime Soon?

The stock of Under Armour Inc (NYSE:UA) is a huge mover today! About 1.49 million shares traded hands. Under Armour Inc (NYSE:UA) has declined 23.28% since April 11, 2016 and is downtrending. It has underperformed by 29.43% the S&P500.
The move comes after 9 months positive chart setup for the $12.43B company. It was reported on Nov, 11 by Barchart.com. We have $47.98 PT which if reached, will make NYSE:UA worth $6.59B more.

Under Armour Inc (NYSE:UA) Ratings Coverage

Out of 27 analysts covering Under Armour (NYSE:UA), 11 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 41% are positive. Under Armour has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Credit Suisse maintained the shares of UA in a report on Wednesday, June 1 with “Neutral” rating. The firm has “Underweight” rating by Morgan Stanley given on Monday, January 11. The stock of Under Armour Inc (NYSE:UA) has “Neutral” rating given on Wednesday, October 26 by Mizuho. As per Wednesday, October 14, the company rating was downgraded by Piper Jaffray. As per Wednesday, May 4, the company rating was maintained by Goldman Sachs. The firm earned “Outperform” rating on Thursday, September 17 by FBR Capital. The stock of Under Armour Inc (NYSE:UA) has “Outperform” rating given on Thursday, September 17 by Telsey Advisory Group. Cowen & Co downgraded the shares of UA in a report on Wednesday, October 26 to “Market Perform” rating. The stock of Under Armour Inc (NYSE:UA) has “Buy” rating given on Friday, June 3 by DA Davidson. On Wednesday, August 12 the stock rating was maintained by Piper Jaffray with “Buy”.

According to Zacks Investment Research, “Under Armour is a leading developer, marketer and distributor of branded performance products for men, women and youth. The brand’s moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products. The Company is an official supplier to the National Hockey League, the U.S. Ski Team, USA Rugby, the National Lacrosse League, and Major League Lacrosse; and the Company’s products are worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports. The Company’s products are currently sold in the United States, Canada, Japan and the United Kingdom.”

More notable recent Under Armour Inc (NYSE:UA) news were published by: Bloomberg.com which released: “Under Armour Tumbles After Forecast Renews Fears of Slowdown” on October 25, 2016, also Fool.com with their article: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” published on November 02, 2016, Investorplace.com published: “It’s Judgment Day for Under Armour Inc (UA) Stock” on October 28, 2016. More interesting news about Under Armour Inc (NYSE:UA) were released by: Schaeffersresearch.com and their article: “Under Armour Inc (UA) Options Activity Spurred by Adidas Rumblings” published on November 02, 2016 as well as Investorplace.com‘s news article titled: “Under Armour Inc (UA) Stock Is a Bargain-Bin Buy for Growth” with publication date: October 24, 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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