Daiwa Securities Group Inc. bought a new stake in shares of Under Armour, Inc. (NYSE:UAA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 55,832 shares of the company’s stock, valued at approximately $1,214,000.

Several other large investors have also recently made changes to their positions in the stock. Gateway Investment Advisers LLC purchased a new stake in shares of Under Armour during the second quarter valued at approximately $12,957,000. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Under Armour during the second quarter valued at approximately $3,638,000. Nepsis Capital Management Inc. purchased a new stake in shares of Under Armour during the second quarter valued at approximately $3,079,000. Pacific Heights Asset Management LLC purchased a new stake in shares of Under Armour during the second quarter valued at approximately $2,938,000. Finally, Great West Life Assurance Co. Can purchased a new stake in shares of Under Armour during the second quarter valued at approximately $2,597,000. 29.27% of the stock is owned by institutional investors and hedge funds.

Shares of Under Armour, Inc. (NYSE UAA) opened at 18.71 on Friday. The company has a market cap of $8.24 billion, a PE ratio of 37.87 and a beta of -0.07. Under Armour, Inc. has a one year low of $17.92 and a one year high of $43.85. The stock’s 50 day moving average price is $20.21 and its 200 day moving average price is $20.67.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Under Armour had a return on equity of 10.93% and a net margin of 4.38%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Under Armour’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts predict that Under Armour, Inc. will post $0.37 earnings per share for the current fiscal year.

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Several equities research analysts recently commented on UAA shares. Vetr raised Under Armour from a “hold” rating to a “buy” rating and set a $22.36 price target for the company in a research note on Monday, July 10th. Credit Suisse Group reissued an “underperform” rating and issued a $17.00 price target on shares of Under Armour in a research note on Monday, April 24th. Zacks Investment Research raised Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, July 4th. FBR & Co lowered their price target on Under Armour from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, April 17th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $28.00 price target on shares of Under Armour in a research note on Friday, May 19th. Thirteen analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.29.

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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Institutional Ownership by Quarter for Under Armour (NYSE:UAA)

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