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

DA Davidson set a $17.00 price objective on Under Armour (NYSE:UA) in a report released on Wednesday morning. The brokerage currently has a hold rating on the stock.

A number of other research analysts also recently issued reports on UA. Vetr downgraded shares of Under Armour from a strong-buy rating to a hold rating and set a $14.92 price objective on the stock. in a research report on Wednesday. Raymond James Financial restated a sell rating on shares of Under Armour in a report on Tuesday. Piper Jaffray Companies set a $11.00 target price on shares of Under Armour and gave the company a hold rating in a report on Tuesday, October 31st. Pivotal Research set a $14.00 target price on shares of Under Armour and gave the company a hold rating in a report on Monday. Finally, Wells Fargo & Co set a $11.00 target price on shares of Under Armour and gave the company a sell rating in a report on Tuesday, October 31st. Nine equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. Under Armour presently has an average rating of Hold and an average price target of $15.81.

Shares of Under Armour (NYSE:UA) traded up $0.20 during trading on Wednesday, reaching $16.34. 2,809,672 shares of the company’s stock were exchanged, compared to its average volume of 5,872,552. The stock has a market cap of $6,753.55, a P/E ratio of -136.95 and a beta of 0.70. Under Armour has a fifty-two week low of $10.36 and a fifty-two week high of $21.81.

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

A number of institutional investors have recently made changes to their positions in UA. Janus Henderson Group PLC raised its position in Under Armour by 579.2% in the 3rd quarter. Janus Henderson Group PLC now owns 237,963 shares of the company’s stock worth $3,571,000 after buying an additional 202,927 shares during the last quarter. Personal Capital Advisors Corp raised its position in Under Armour by 87.2% in the 3rd quarter. Personal Capital Advisors Corp now owns 118,364 shares of the company’s stock worth $1,778,000 after buying an additional 55,129 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Under Armour by 25.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 680,332 shares of the company’s stock worth $10,183,000 after buying an additional 136,129 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Under Armour by 35.7% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 78,482 shares of the company’s stock worth $1,179,000 after buying an additional 20,627 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Under Armour by 41.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 940,295 shares of the company’s stock worth $14,124,000 after buying an additional 274,335 shares during the last quarter. Institutional investors own 31.15% of the company’s stock.

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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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