Wells Fargo Reiterates a Hold Rating on Under Armour

By George MacDonald

Wells Fargo analyst Tom Nikic reiterated a Hold rating on Under Armour (NYSE: UA) on October 4. The company’s shares closed yesterday at $38.41.

According to TipRanks.com, Nikic is a 2-star analyst with an average return of 1.3% and a 75.0% success rate. Nikic covers the Services sector, focusing on stocks such as Children’s Place, Tiffany & Co., and Boot Barn.

Currently, the analyst consensus on Under Armour is Moderate Buy and the average price target is $46.43, representing a 20.9% upside.

In a report issued on September 22, Brean Capital also reiterated a Hold rating on the stock.

The company has a one year high of $53.57 and a one year low of $32.34. Currently, Under Armour has an average volume of 4.13M.

Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Matthew Mirchin, a the President of North America of UA sold 16,015 shares for a total of $687,364.

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 geographical segments: North America, Latin America, Europe, the Middle East, and Africa. The company was founded by Kevin A. Plank in 1996 and is headquartered in Baltimore, MD.