Under Armour Inc. (UA)

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Analyst Price Target On Under Armour, Inc. (NYSE:UA)
DECEMBER 11, 2015 ·
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Under Armour, Inc. (NYSE:UA): According to 21 Analysts, The short term target price has been estimated at $ 106.67.The target price could deviate by a maximum of $10.06 from the forecast price. In the near term, the target price could hit a high of $123 and a low of $ 88.

During the last several months other analysts have commented on the company rating. In a research note released to the investors, BB&T Capital downgrades its rating on Under Armour, Inc. (NYSE:UA).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on October 23, 2015.

Under Armour, Inc. (NYSE:UA) has received a short term rating of hold from research analysts at Zacks with a rank of 3. The company has been rated an average of 1.92 by 26 Wall Street Analysts. 14 analysts have added the shares in their list of strong buys. 12 broker firms have advised hold.

Shares of Under Armour, Inc. (NYSE:UA) ended Thursday session in red amid volatile trading. The shares closed down 0.64 points or 0.74% at $85.67 with 1,731,636 shares getting traded. Post opening the session at $86.26, the shares hit an intraday low of $85.48 and an intraday high of $86.765 and the price vacillated in this range throughout the day. The company has a market cap of $18,489 million and the number of outstanding shares has been calculated to be 215,815,880 shares. The 52-week high of Under Armour, Inc. (NYSE:UA) is $105.89 and the 52-week low is $63.77.

Currently the company Insiders own 17.3% of Under Armour, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -29.45% . Institutional Investors own 63.48% of Under Armour, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -28.68%.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (Chief Revenue Officer) of Under Armour, Inc., Maurath Karl-Heinz had sold 53,420 shares worth of $4,930,132 in a transaction dated November 24, 2015. In this transaction, 53,420 shares were sold at $92.29 per share.

Under Armour, Inc. (Under Armour) is engaged in the development, marketing and distribution of apparel, footwear and accessories for men, women and youth. The Companys products are sold worldwide and are worn by athletes at all levels, from youth to professional, on playing fields worldwide. Most of its products are sold in North America.

Internationally, Under Armour sells its products in certain countries in Europe, a third party licensee sells its products in Japan, and distributors sell the Companys products in other foreign countries. In addition, it opened it store in China during the year ended December 31, 2012. The Companys product offerings consist of apparel, footwear and accessories for men, women and youth. In November 2013, the Company acquired MapMyFitness.





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