The stock of Under Armour Inc (NYSE:UA) hit a new 52-week low and has $29.66 target or 5.00% below today’s $31.22 share price. The 7 months bearish chart indicates high risk for the $12.30B company. The 1-year low was reported on Oct, 31 by Barchart.com. If the $29.66 price target is reached, the company will be worth $615.00 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 3.92 million shares traded hands. Under Armour Inc (NYSE:UA) has declined 25.90% since March 29, 2016 and is downtrending. It has underperformed by 29.38% the S&P500.
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. The stock of Under Armour Inc (NYSE:UA) earned “Outperform” rating by Wells Fargo on Monday, October 10. The stock of Under Armour Inc (NYSE:UA) has “Outperform” rating given on Thursday, September 17 by Telsey Advisory Group. Susquehanna initiated Under Armour Inc (NYSE:UA) rating on Friday, August 12. Susquehanna has “Positive” rating and $50 price target. The firm has “Buy” rating by Piper Jaffray given on Wednesday, August 12. Credit Suisse maintained the shares of UA in a report on Wednesday, June 1 with “Neutral” rating. The stock of Under Armour Inc (NYSE:UA) has “Neutral” rating given on Wednesday, October 14 by Piper Jaffray. Canaccord Genuity maintained Under Armour Inc (NYSE:UA) on Tuesday, August 11 with “Buy” rating. The firm has “Market Perform” rating by Telsey Advisory Group given on Wednesday, October 26. As per Wednesday, June 1, the company rating was maintained by Citigroup. The stock has “Neutral” rating given by Piper Jaffray on Monday, November 30.
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 Seekingalpha.com with their article: “Under Armour: Great Brand, But Good Company” published on October 31, 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: Investorplace.com and their article: “Under Armour Inc (UA) Stock’s MLB Deal Could Be a Home Run” published on October 27, 2016 as well as Seekingalpha.com‘s news article titled: “Under Armour Is A Long-Term Sell” with publication date: October 31, 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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