Under Armour, Inc. (UA) Downgraded to Hold at DA Davidson

DA Davidson lowered shares of Under Armour, Inc. (NYSE:UA) to a hold rating in a report released on Tuesday. The firm currently has $15.00 price objective on the stock.

A number of other analysts also recently issued reports on the stock. Cowen and Company set a $12.00 price target on shares of Under Armour and gave the company a hold rating in a report on Tuesday. Wells Fargo & Company set a $11.00 price target on shares of Under Armour and gave the company a sell rating in a report on Tuesday. Piper Jaffray Companies set a $11.00 price target on shares of Under Armour and gave the company a hold rating in a report on Tuesday. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Under Armour in a report on Tuesday. Finally, Buckingham Research set a $14.00 price target on shares of Under Armour and gave the company a sell rating in a report on Tuesday. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $16.69.

Under Armour (UA) traded down 5.03% during trading on Tuesday, reaching $10.95. The company had a trading volume of 9,843,899 shares. The firm has a market capitalization of $4.83 billion, a PE ratio of 22.17 and a beta of 1.16. Under Armour has a 12-month low of $10.91 and a 12-month high of $29.53. The firm’s 50 day moving average price is $15.20 and its 200 day moving average price is $17.35.

Under Armour (NYSE:UA) last released its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.04. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. The company had revenue of $1.09 billion for the quarter. Equities research analysts forecast that Under Armour will post $0.35 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. purchased a new stake in Under Armour in the 2nd quarter valued at about $19,429,000. Contrarius Investment Management Ltd purchased a new stake in Under Armour in the 2nd quarter valued at about $17,656,000. Kessler Investment Group LLC purchased a new stake in Under Armour in the 2nd quarter valued at about $252,000. Bank of Nova Scotia boosted its position in Under Armour by 113.5% in the 2nd quarter. Bank of Nova Scotia now owns 849,264 shares of the company’s stock valued at $17,121,000 after buying an additional 451,485 shares during the period. Finally, Vivaldi Asset Management LLC purchased a new stake in Under Armour in the 2nd quarter valued at about $6,758,000. 30.27% of the stock is owned by institutional investors.

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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