Under Armour (UA) stock is expected to deviate a maximum of $7.43 from the average target price of $50.01 for the short term period. 21 Street Experts have initiated coverage on the stock with the most promising target being $60 and the most muted being $31.
Under Armour (UA) reported a rise of 2.3% or 1,156,997 shares in its short interest. The short figure came in at 28.5% of the total floats. The average daily volume of 5,796,249 shares suggests that the days to cover 51,644,789 short positions, as on June 30,2016, will be 9. On June 15,2016, the short interest was 50,487,792 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity Analysts at the Buckingham Research upgrades the rating on Under Armour (NYSE:UA). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The Analysts at the ratings agency raises the price target from $44 per share to $48 per share. The rating by the firm was issued on June 20, 2016.
Under Armour (NYSE:UA): stock turned positive on Thursday. Though the stock opened at $41.79, the bulls momentum made the stock top out at $42.24 level for the day. The stock recorded a low of $41.4 and closed the trading day at $41.54, in the green by 0.07%. The total traded volume for the day was 3,222,170. The stock had closed at $41.51 in the previous days trading.
Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Companys moisture-wicking fabrications are engineered in a range of designs and styles for wear in nearly every climate to provide an alternative to traditional products. The Companys operating segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and MapMyFitness. The Company also offers digital fitness platform licenses and subscriptions, along with digital advertising through its MapMyFitness business. Its apparel offers three gearlines, including HEATGEAR, COLDGEAR and ALLSEASONGEAR. Its footwear offerings include football, baseball, lacrosse, softball and soccer cleats, slides and performance training, running, basketball and outdoor footwear. Its accessories primarily include the sale of headwear, bags and gloves.