Under Armour (UAA) Price Target Increased to $17.00 by Analysts at DA Davidson

Under Armour (NYSE:UAA) had its price objective increased by DA Davidson from $15.00 to $17.00 in a report issued on Wednesday. The firm currently has a neutral rating on the stock. DA Davidson also issued estimates for Under Armour’s Q3 2018 earnings at $0.23 EPS.

A number of other brokerages have also commented on UAA. Stifel Nicolaus upgraded shares of Under Armour from a hold rating to a buy rating and upped their price target for the company from $12.00 to $17.00 in a research note on Friday, December 15th. Wedbush restated a neutral rating and set a $11.00 target price (down previously from $17.00) on shares of Under Armour in a research report on Wednesday, November 1st. Vetr lowered shares of Under Armour from a strong-buy rating to a buy rating and set a $17.98 target price on the stock. in a research report on Wednesday. Sanford C. Bernstein restated an underperform rating and set a $9.00 target price (down previously from $14.00) on shares of Under Armour in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies decreased their target price on shares of Under Armour to $11.00 and set a neutral rating on the stock in a research report on Tuesday, October 31st. Nineteen investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. Under Armour currently has a consensus rating of Hold and an average price target of $14.71.

Shares of Under Armour (NYSE UAA) traded up $0.34 on Wednesday, reaching $18.10. 5,297,856 shares of the company were exchanged, compared to its average volume of 7,893,660. Under Armour has a twelve month low of $11.40 and a twelve month high of $23.46. The firm has a market cap of $7,440.00, a price-to-earnings ratio of -164.95, a P/E/G ratio of 5.39 and a beta of -0.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.16 and a current ratio of 2.20.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zeke Capital Advisors LLC acquired a new stake in shares of Under Armour during the fourth quarter worth $389,000. Meadow Creek Investment Management LLC increased its position in shares of Under Armour by 31.5% during the fourth quarter. Meadow Creek Investment Management LLC now owns 38,332 shares of the company’s stock worth $553,000 after buying an additional 9,184 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in shares of Under Armour by 12.9% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 34,807 shares of the company’s stock worth $501,000 after buying an additional 3,986 shares during the period. Tyers Asset Management LLC increased its position in shares of Under Armour by 31.5% during the fourth quarter. Tyers Asset Management LLC now owns 21,904 shares of the company’s stock worth $316,000 after buying an additional 5,248 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Under Armour by 13.0% during the fourth quarter. Teachers Advisors LLC now owns 270,236 shares of the company’s stock worth $3,900,000 after buying an additional 31,063 shares during the period. Hedge funds and other institutional investors own 31.93% 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:UAA)

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