Under Armour Inc (NYSE:UA) Receives “Equal Weight” Rating

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Dallas, Texas 11/04/2013 (Financialstrend) – On Wednesday, Morgan Stanley assigned an “equal weight” rating on Under Armour Inc (NYSE:UA) stock. Numerous other analysts have weighed on the stock recently.

Wedbush analysts have upped their PT on Under Armour Inc (NYSE:UA) shares from

$74.00 to $85.00 on Friday, 25 October and have assigned an “outperform” rating on the stock. KeyCorp analysts have raised their PT on the company’s shares from $50.00 to $54.00 on 25 October and have set an “underweight” rating on the company’s stock. Janney Montgomery Scott analysts have cut their PT on Under Armour Inc (NYSE:UA) from $77.00 to $73.00 on 25 October 25th and have set a “neutral” rating on the stock. One investment-analyst has assigned a “sell” rating on the stock, 13 have assigned a “hold” rating and 8 have assigned a “buy” rating to the stock. Currently, the average rating on Under Armour Inc (NYSE:UA) stock is a “Hold” and the average PT is $74.24.

In separate news, Under Armour Inc (NYSE:UA) news, Kevin A. Plank, the company’s CEO sold 94,500 shares of the company stock in a transaction that was dated 31 October. The shares were sold-off at an average price of $81.17 and the total value of the transaction was $7,670,565.00.

Friday’s trading

Dallas, Texas 11/04/2013 (Financialstrend) – In Friday’s trading, Under Armour Inc (NYSE:UA) dropped by 1.10%. The opening price of the shares was $81.51, which climbed to an intraday high of $81.81 and dipped to a close of $80.26. Approximately 0.804 million shares were traded on Friday while an average volume of 1.34 million shares were traded over a 30 day period. The 52-week low of Under Armour Inc (NYSE:UA) shares is $44.32 and its 52-week high is $86.02. The company has a market capitalization of $8.46 billion.

About the company

Under Armour Inc (NYSE:UA) is involved in developing, marketing & distribution of footwear, apparel & accessories for women, men and youth.

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