Under Armour Inc (NYSE:UA) traded up 5.8% on Monday . The stock traded as high as $13.43 and last traded at $13.18. 8,038,474 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 5,349,116 shares. The stock had previously closed at $12.46.

Several equities research analysts recently weighed in on the company. Pivotal Research set a $14.00 target price on Under Armour and gave the stock a “hold” rating in a report on Monday. Vetr upgraded Under Armour from a “buy” rating to a “strong-buy” rating and set a $14.80 target price for the company in a report on Monday, January 29th. Susquehanna Bancshares restated a “sell” rating and issued a $11.00 target price on shares of Under Armour in a report on Tuesday, January 9th. Deutsche Bank set a $12.00 target price on Under Armour and gave the stock a “sell” rating in a report on Thursday, December 14th. Finally, Stifel Nicolaus raised Under Armour from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Friday, December 15th. Nine equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Under Armour presently has an average rating of “Hold” and a consensus price target of $15.84.

The firm has a market capitalization of $6,110.00 and a PE ratio of 41.19.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Analysts LLC increased its position in shares of Under Armour by 551,716.0% during the fourth quarter. Capital Analysts LLC now owns 551,816 shares of the company’s stock valued at $31,398,000 after purchasing an additional 551,716 shares during the period. OppenheimerFunds Inc. increased its position in shares of Under Armour by 41.2% during the fourth quarter. OppenheimerFunds Inc. now owns 29,184 shares of the company’s stock valued at $389,000 after purchasing an additional 8,509 shares during the period. American International Group Inc. increased its position in shares of Under Armour by 8.5% during the fourth quarter. American International Group Inc. now owns 82,470 shares of the company’s stock valued at $1,099,000 after purchasing an additional 6,483 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Under Armour by 2.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 531,811 shares of the company’s stock valued at $7,084,000 after purchasing an additional 14,219 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Under Armour by 21.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,665,961 shares of the company’s stock valued at $22,191,000 after purchasing an additional 294,024 shares during the period. Institutional investors and hedge funds own 31.15% of the company’s stock.

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Under Armour Company Profile

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.

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