Under Armour Inc (NYSE:UAA) – DA Davidson upped their Q3 2018 earnings per share (EPS) estimates for shares of Under Armour in a research report issued to clients and investors on Tuesday. DA Davidson analyst A. Burns now anticipates that the company will post earnings of $0.23 per share for the quarter, up from their previous forecast of $0.20. DA Davidson currently has a “Neutral” rating and a $17.00 target price on the stock.
Other research analysts have also issued research reports about the company. UBS Group lowered their price objective on Under Armour from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Vetr lowered Under Armour from a “strong-buy” rating to a “buy” rating and set a $17.98 price objective on the stock. in a report on Wednesday. Stifel Nicolaus increased their price objective on Under Armour from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday. Pivotal Research increased their price objective on Under Armour from $14.00 to $16.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Telsey Advisory Group increased their price objective on Under Armour from $13.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday. Nineteen analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. Under Armour presently has an average rating of “Hold” and an average price target of $14.71.
Hedge funds have recently added to or reduced their stakes in the stock. Delpha Capital Management LLC acquired a new stake in Under Armour during the 4th quarter valued at $110,000. Vantage Investment Advisors LLC increased its stake in shares of Under Armour by 240.0% in the 4th quarter. Vantage Investment Advisors LLC now owns 10,092 shares of the company’s stock valued at $128,000 after buying an additional 7,124 shares during the period. Calton & Associates Inc. acquired a new stake in shares of Under Armour in the 4th quarter valued at $131,000. WFG Advisors LP acquired a new stake in shares of Under Armour in the 2nd quarter valued at $132,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Under Armour in the 4th quarter valued at $138,000. 31.93% of the stock is owned by hedge funds and other 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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