B.Riley FBR Reaffirms Their Sell Rating on Under Armour (UA)

By Ryan Adsit

In a report released yesterday, Susan Anderson from B.Riley FBR reiterated a Sell rating on Under Armour (UAResearch Report), with a price target of $12.00. The company’s shares closed last Monday at $15.12, close to its 52-week low of $15.02.

According to TipRanks.com, Anderson is a 1-star analyst with an average return of -0.5% and a 44.3% success rate. Anderson covers the Consumer Goods sector, focusing on stocks such as Turning Point Brands, G-III Apparel Group, and Lululemon Athletica.

The word on The Street in general, suggests a Hold analyst consensus rating for Under Armour with a $19.13 average price target, representing a 25.4% upside. In a report issued on February 3, BMO Capital also initiated coverage with a Sell rating on the stock with a $18.00 price target.

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The company has a one-year high of $24.55 and a one-year low of $15.02. Currently, Under Armour has an average volume of 2.24M.

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Under Armour, Inc. engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The North America segment comprises of U.S. and Canada.