DA Davidson Raises Under Armour (UAA) Price Target to $17.00

Under Armour (NYSE:UAA) had its price target boosted by equities researchers at DA Davidson from $15.00 to $17.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price target indicates a potential downside of 4.28% from the stock’s current price.

A number of other research firms have also weighed in on UAA. 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 report on Wednesday. Pivotal Research upped their price objective on shares of Under Armour from $14.00 to $16.00 and gave the stock a “hold” rating in a research report on Wednesday. Telsey Advisory Group upped their price objective on shares of Under Armour from $13.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday. Citigroup reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Under Armour in a research report on Wednesday. Finally, Buckingham Research initiated coverage on shares of Under Armour in a research report on Friday, January 5th. They issued a “neutral” rating and a $17.00 price objective for the company. Nineteen analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.71.

Under Armour (UAA) traded up $1.06 on Wednesday, hitting $17.76. 19,153,045 shares of the company were exchanged, compared to its average volume of 7,700,000. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. Under Armour has a 12 month low of $11.40 and a 12 month high of $23.46. The firm has a market cap of $7,500.00, a price-to-earnings ratio of -161.45, a PEG ratio of 4.35 and a beta of -0.04.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Under Armour by 1.3% in the 4th quarter. BlackRock Inc. now owns 11,568,717 shares of the company’s stock worth $166,937,000 after buying an additional 147,753 shares during the period. Bamco Inc. NY boosted its holdings in Under Armour by 10.8% in the 3rd quarter. Bamco Inc. NY now owns 7,704,996 shares of the company’s stock worth $126,978,000 after buying an additional 750,325 shares during the period. State Street Corp bought a new position in Under Armour in the 2nd quarter worth approximately $157,325,000. Hexavest Inc. bought a new position in Under Armour in the 4th quarter worth approximately $39,368,000. Finally, Disciplined Growth Investors Inc. MN bought a new position in Under Armour in the 3rd quarter worth approximately $39,964,000. 31.93% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “DA Davidson Raises Under Armour (UAA) Price Target to $17.00” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/02/14/da-davidson-raises-under-armour-uaa-price-target-to-17-00.html.

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.

The Fly

Analyst Recommendations for Under Armour (NYSE:UAA)

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply