Under Armour Inc (NYSE:UAA) – Equities researchers at DA Davidson upped their Q3 2018 earnings per share estimates for Under Armour in a note issued to investors on Tuesday. DA Davidson analyst A. Burns now expects that the company will post earnings per share of $0.23 for the quarter, up from their prior forecast of $0.20. DA Davidson has a “Neutral” rating and a $17.00 price objective on the stock.
A number of other equities analysts have also recently commented on the company. Vetr raised Under Armour from a “strong sell” rating to a “sell” rating and set a $13.90 price target for the company in a report on Thursday, December 28th. Zacks Investment Research raised Under Armour from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Stifel Nicolaus raised Under Armour from a “hold” rating to a “buy” rating and boosted their price target for the stock from $12.00 to $17.00 in a report on Friday, December 15th. UBS Group raised Under Armour to a “neutral” rating in a report on Tuesday, November 7th. Finally, Macquarie cut Under Armour from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $10.00 to $8.00 in a report on Tuesday, January 16th. Nineteen investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Under Armour presently has a consensus rating of “Hold” and a consensus target price of $14.71.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Under Armour by 248.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,700 shares of the company’s stock valued at $126,000 after buying an additional 6,200 shares during the last quarter. Slow Capital Inc. bought a new stake in shares of Under Armour in the 4th quarter valued at about $328,000. Meitav Dash Investments Ltd. bought a new stake in shares of Under Armour in the 4th quarter valued at about $466,000. MetLife Investment Advisors LLC bought a new stake in shares of Under Armour in the 4th quarter valued at about $827,000. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Under Armour in the 4th quarter valued at about $389,000. Hedge funds and other institutional investors own 31.93% of the company’s stock.
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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