Needham Sticks to Its Hold Rating for Under Armour (UA)

By Ryan Adsit

In a report released today, Rick Patel from Needham maintained a Hold rating on Under Armour (UAResearch Report). The company’s shares closed last Monday at $18.91.

According to TipRanks.com, Patel has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.9% and a 42.9% success rate. Patel covers the Services sector, focusing on stocks such as Capri Holdings Limited, Designer Brands Inc, and Stitch Fix Inc.

Under Armour has an analyst consensus of Hold, with a price target consensus of $22.00, representing a 16.3% upside. In a report issued on October 22, William Blair also reiterated a Hold rating on the stock.

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The company has a one-year high of $24.55 and a one-year low of $15.05. Currently, Under Armour has an average volume of 1.77M.

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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.