Pivotal Research analyst Mitch Kummetz reiterated a Hold rating on Under Armour (UAA) today and set a price target of $15.00. The company’s shares closed last Friday at $13.98.
According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 8.2% and a 61.3% success rate. Kummetz covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Deckers Outdoor.
The word on The Street in general, suggests a Hold analyst consensus rating for Under Armour with a $13.25 average price target, representing a -12.9% downside. In a report issued on October 15, Credit Suisse also maintained a Hold rating on the stock with a $11.00 price target.
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The company has a one-year high of $21.96 and a one-year low of $7.15. Currently, Under Armour has an average volume of 7.26M.
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Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America and other territories. Consumers of its apparel include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale and direct-to-consumer channels, including e-commerce and nearly 400 total factory house and brand house stores. Under Armour also operates digital fitness apps with more than 200 million users. The Baltimore-based company was founded in 1996.
