Under Armour (UA) Given a $17.00 Price Target at DA Davidson

DA Davidson set a $17.00 target price on Under Armour (NYSE:UA) in a report published on Wednesday. The firm currently has a hold rating on the stock.

Several other equities research analysts have also commented on UA. Susquehanna Bancshares reiterated a sell rating and set a $15.00 price target on shares of Under Armour in a research note on Monday, October 23rd. Pivotal Research set a $17.00 price objective on shares of Under Armour and gave the company a hold rating in a research note on Sunday, October 29th. FBR & Co restated a sell rating and issued a $10.00 price objective on shares of Under Armour in a research note on Tuesday, October 31st. Buckingham Research set a $14.00 price objective on shares of Under Armour and gave the company a sell rating in a research note on Tuesday, October 31st. Finally, Oppenheimer restated a hold rating on shares of Under Armour in a research note on Tuesday, October 31st. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $15.81.

Shares of Under Armour (UA) opened at $15.78 on Wednesday. Under Armour has a one year low of $10.36 and a one year high of $21.81. The company has a market cap of $7,310.00 and a price-to-earnings ratio of -143.45.

Under Armour (NYSE:UA) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.20) EPS for the quarter. Under Armour had a positive return on equity of 9.38% and a negative net margin of 0.97%. The company had revenue of $1.37 billion for the quarter. During the same quarter in the prior year, the company earned $0.23 EPS.

Several large investors have recently modified their holdings of UA. ArrowMark Colorado Holdings LLC boosted its holdings in shares of Under Armour by 166.4% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 6,192,627 shares of the company’s stock valued at $82,486,000 after acquiring an additional 3,867,716 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Under Armour by 159.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,025,064 shares of the company’s stock valued at $15,397,000 after acquiring an additional 629,862 shares in the last quarter. GMT Capital Corp purchased a new stake in shares of Under Armour in the third quarter valued at about $9,381,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of Under Armour by 66.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the company’s stock valued at $22,530,000 after acquiring an additional 600,000 shares in the last quarter. Finally, Capital Analysts LLC boosted its holdings in shares of Under Armour by 551,716.0% in the fourth quarter. Capital Analysts LLC now owns 551,816 shares of the company’s stock valued at $31,398,000 after acquiring an additional 551,716 shares in the last quarter. 31.15% of the stock is currently owned by institutional investors and hedge funds.

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About Under Armour

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

Analyst Recommendations for Under Armour (NYSE:UA)

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