Daiwa Securities Group Inc. Lowers Position in Under Armour, Inc. (UA)
Daiwa Securities Group Inc. lowered its stake in shares of Under Armour, Inc. (NYSE:UA) by 47.8% during the second quarter, Holdings Channel reports. The fund owned 60,261 shares of the company’s stock after selling 55,148 shares during the period. Daiwa Securities Group Inc.’s holdings in Under Armour were worth $1,214,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Tobam bought a new stake in shares of Under Armour during the first quarter worth approximately $5,355,000. Goodman Financial Corp bought a new stake in shares of Under Armour during the first quarter worth approximately $4,643,000. Kessler Investment Group LLC bought a new stake in shares of Under Armour during the second quarter worth approximately $252,000. Grandeur Peak Global Advisors LLC boosted its stake in shares of Under Armour by 2.8% in the first quarter. Grandeur Peak Global Advisors LLC now owns 47,250 shares of the company’s stock worth $935,000 after buying an additional 1,300 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Under Armour by 1,919.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 174,674 shares of the company’s stock worth $3,517,000 after buying an additional 166,024 shares in the last quarter. 56.34% of the stock is currently owned by institutional investors and hedge funds.
Under Armour, Inc. (NYSE:UA) opened at 16.82 on Friday. The company has a 50-day moving average of $18.48 and a 200-day moving average of $18.89. Under Armour, Inc. has a one year low of $16.02 and a one year high of $42.94. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 34.05 and a beta of 0.78.
Under Armour (NYSE:UA) last announced its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The company had revenue of $1.09 billion during the quarter. Under Armour had a net margin of 4.38% and a return on equity of 11.06%. On average, equities analysts forecast that Under Armour, Inc. will post $0.38 EPS for the current fiscal year.
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A number of brokerages have recently commented on UA. FBR & Co reissued an “underperform” rating and issued a $14.00 price target on shares of Under Armour in a research report on Wednesday, August 2nd. Canaccord Genuity reissued a “hold” rating and issued a $18.00 price target (down from $21.00) on shares of Under Armour in a research report on Thursday, August 3rd. Wells Fargo & Company reissued a “market perform” rating and issued a $17.00 price target on shares of Under Armour in a research report on Wednesday, August 2nd. Buckingham Research set a $14.00 price target on Under Armour and gave the stock a “sell” rating in a research report on Thursday, August 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Under Armour in a research report on Wednesday, August 2nd. Eight analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Under Armour has an average rating of “Hold” and a consensus price target of $18.99.
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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