Under Armour (NYSE:UA) had its price objective increased by JPMorgan Chase & Co. from $10.00 to $13.00 in a research report sent to investors on Wednesday. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Other equities research analysts also recently issued reports about the stock. DA Davidson downgraded shares of Under Armour to a hold rating and set a $15.00 target price for the company. in a research note on Tuesday, October 31st. Vetr downgraded shares of Under Armour from a strong-buy rating to a hold rating and set a $14.92 price objective for the company. in a research report on Wednesday. FBR & Co restated a sell rating and set a $10.00 price objective on shares of Under Armour in a research report on Tuesday, October 31st. Oppenheimer restated a hold rating on shares of Under Armour in a research report on Tuesday, October 31st. Finally, SunTrust Banks downgraded shares of Under Armour from a buy rating to a hold rating and set a $14.00 price objective for the company. in a research report on Wednesday, November 1st. Nine investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $15.81.
Shares of Under Armour (UA) traded up $0.02 during trading hours on Wednesday, reaching $16.16. 1,711,309 shares of the company traded hands, compared to its average volume of 5,868,043. Under Armour has a twelve month low of $10.36 and a twelve month high of $21.81. The firm has a market cap of $6,753.55, a P/E ratio of -134.49 and a beta of 0.70.
Several institutional investors and hedge funds have recently made changes to their positions in UA. ArrowMark Colorado Holdings LLC increased its holdings in shares of Under Armour by 166.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 6,192,627 shares of the company’s stock worth $82,486,000 after purchasing an additional 3,867,716 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Under Armour by 159.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,025,064 shares of the company’s stock worth $15,397,000 after purchasing an additional 629,862 shares during the period. GMT Capital Corp bought a new position in shares of Under Armour during the third quarter worth approximately $9,381,000. State of New Jersey Common Pension Fund D increased its holdings in shares of Under Armour by 66.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 1,500,000 shares of the company’s stock worth $22,530,000 after purchasing an additional 600,000 shares during the period. Finally, Capital Analysts LLC increased its holdings in shares of Under Armour by 551,716.0% during the fourth quarter. Capital Analysts LLC now owns 551,816 shares of the company’s stock worth $31,398,000 after purchasing an additional 551,716 shares during the period. 31.15% of the stock is currently owned by institutional investors.
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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.
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