M&T Bank Corp bought a new position in shares of Under Armour, Inc. (NYSE:UAA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,106 shares of the company’s stock, valued at approximately $785,000.

Other large investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new stake in shares of Under Armour in the 2nd quarter valued at $532,573,000. Vanguard Group Inc. purchased a new stake in shares of Under Armour in the 2nd quarter valued at $393,172,000. BlackRock Inc. purchased a new stake in shares of Under Armour in the 2nd quarter valued at $238,861,000. Northern Trust Corp purchased a new stake in shares of Under Armour in the 2nd quarter valued at $44,368,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Under Armour in the 2nd quarter valued at $30,172,000. 30.48% of the stock is currently owned by institutional investors.

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Shares of Under Armour, Inc. (NYSE UAA) opened at 16.47 on Thursday. The company has a 50 day moving average of $16.95 and a 200-day moving average of $19.32. Under Armour, Inc. has a one year low of $15.92 and a one year high of $39.20. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 33.34 and a beta of -0.02.

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

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, July 4th. Vetr downgraded shares of Under Armour from a “buy” rating to a “hold” rating and set a $21.99 price objective on the stock. in a report on Monday, June 12th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $19.00 price objective on shares of Under Armour in a report on Friday, June 9th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $17.00 price objective on shares of Under Armour in a report on Friday, June 16th. Finally, Susquehanna Bancshares Inc upped their price objective on shares of Under Armour from $14.00 to $17.00 in a report on Friday, July 7th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and five have given a buy rating to the company. Under Armour has an average rating of “Hold” and a consensus target price of $19.97.

Under Armour 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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