November 18, 2016 - By Richard Conner · 0 Comments
The stock of Under Armour Incorporated (NYSE:UA) registered an increase of 0.68% in short interest. UA’s total short interest was 41.63M shares in November as published by FINRA. Its up 0.68% from 41.35 million shares, reported previously. With 4.44M shares average volume, it will take short sellers 9 days to cover their UA’s short positions. The short interest to Under Armour Incorporated’s float is 11.36%. About 1.60 million shares traded hands. Under Armour Inc (NYSE:UA) has declined 26.08% since April 18, 2016 and is downtrending. It has underperformed by 30.51% the S&P500.
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 has a market cap of $12.27 billion. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa ; Asia-Pacific; Latin America, and Connected Fitness. It has a 45.31 P/E ratio. The Company’s apparel is offered in various styles and fits to improve comfort and mobility, regulate body temperature and improve performance regardless of weather conditions.
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 Telsey Advisory Group on Friday, July 24. Cowen & Co downgraded Under Armour Inc (NYSE:UA) on Wednesday, October 26 to “Market Perform” rating. The stock has “Buy” rating given by Berenberg on Tuesday, January 5. Brean Capital maintained the stock with “Buy” rating in Friday, January 29 report. On Wednesday, May 4 the stock rating was maintained by Goldman Sachs with “Meu”. The firm has “Hold” rating given on Friday, October 23 by BB&T Capital. The firm has “Buy” rating given on Wednesday, June 1 by Citigroup. The rating was upgraded by B. Riley & Co on Friday, January 29 to “Buy”. The stock has “Outperform” rating given by FBR Capital on Friday, July 24. As per Monday, November 30, the company rating was maintained by Piper Jaffray.
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.
More 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 published the news titled: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” on November 02, 2016. Seekingalpha.com‘s news article titled: “This Is The Price To Enter Under Armour” with publication date: November 16, 2016 was also an interesting one.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Richard Conner