Under Armour Inc (NYSE:UA) saw a significant decrease in short interest during the month of January. As of January 12th, there was short interest totalling 31,949,436 shares, a decrease of 8.2% from the December 29th total of 34,811,621 shares. Based on an average daily volume of 6,351,613 shares, the short-interest ratio is currently 5.0 days. Approximately 17.5% of the company’s stock are sold short.
Several brokerages have commented on UA. DA Davidson set a $17.00 price target on shares of Under Armour and gave the company a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Under Armour from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday. Vetr lowered shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $14.92 target price on the stock. in a research report on Wednesday. Raymond James Financial restated a “sell” rating on shares of Under Armour in a research report on Tuesday. Finally, Piper Jaffray Companies set a $11.00 target price on shares of Under Armour and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Nine investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.81.
Shares of Under Armour (NYSE UA) opened at $16.14 on Thursday. Under Armour has a fifty-two week low of $10.36 and a fifty-two week high of $21.81. The firm has a market capitalization of $7,450.00 and a price-to-earnings ratio of -146.73.
Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.20) earnings per share for the quarter. Under Armour had a return on equity of 9.38% and a net margin of 2.94%. The company had revenue of $1.37 billion for the quarter. During the same period in the previous year, the company posted $0.23 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the business. Bares Capital Management Inc. lifted its holdings in Under Armour by 5.9% in the third quarter. Bares Capital Management Inc. now owns 8,091,563 shares of the company’s stock valued at $121,535,000 after acquiring an additional 447,650 shares during the period. ArrowMark Colorado Holdings LLC lifted its holdings in Under Armour by 166.4% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 6,192,627 shares of the company’s stock valued at $82,486,000 after acquiring an additional 3,867,716 shares during the period. FMR LLC lifted its holdings in Under Armour by 12.1% in the second quarter. FMR LLC now owns 2,961,380 shares of the company’s stock valued at $59,702,000 after acquiring an additional 320,600 shares during the period. Baillie Gifford & Co. lifted its holdings in Under Armour by 0.4% in the third quarter. Baillie Gifford & Co. now owns 2,766,112 shares of the company’s stock valued at $41,547,000 after acquiring an additional 12,110 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Under Armour by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 1,899,827 shares of the company’s stock valued at $25,251,000 after acquiring an additional 62,163 shares during the period. 31.15% of the stock is owned by institutional investors.
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Under Armour Company Profile
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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