BKS Advisors LLC acquired 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 (SEC). The institutional investor acquired 56,247 shares of the company’s stock, valued at approximately $1,224,000.

Other hedge funds have also recently bought and sold shares of the company. Cornerstone Advisors Inc. purchased a new stake in Under Armour during the second quarter valued at $124,000. Municipal Employees Retirement System of Michigan purchased a new stake in Under Armour during the second quarter valued at $129,000. Global X Management Co. LLC purchased a new stake in Under Armour during the second quarter valued at $134,000. Hudock Capital Group LLC purchased a new stake in Under Armour during the second quarter valued at $134,000. Finally, Private Capital Management Inc. purchased a new stake in Under Armour during the second quarter valued at $141,000. 30.52% of the stock is currently owned by institutional investors and hedge funds.

Under Armour, Inc. (NYSE UAA) opened at 16.43 on Wednesday. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 33.26 and a beta of -0.07. Under Armour, Inc. has a one year low of $16.13 and a one year high of $42.55. The company’s 50-day moving average is $19.04 and its 200 day moving average is $20.06.

Under Armour (NYSE:UAA) last released 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 business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts expect that Under Armour, Inc. will post $0.38 EPS for the current year.

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Several research firms have weighed in on UAA. Vetr cut Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price objective on the stock. in a research report on Monday, July 17th. Telsey Advisory Group cut their price objective on Under Armour from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 2nd. FBR & Co reaffirmed an “underperform” rating and set a $14.00 price objective on shares of Under Armour in a research report on Wednesday, August 2nd. Canaccord Genuity cut their price objective on Under Armour from $21.00 to $18.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Finally, Buckingham Research dropped their price target on Under Armour from $15.00 to $14.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 2nd. Eleven investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.26.

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.

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

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