Under Armour, Inc. (UA) Stake Increased by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. increased its position in shares of Under Armour, Inc. (NYSE:UA) by 328.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,929 shares of the company’s stock after purchasing an additional 197,668 shares during the period. Daiwa Securities Group Inc. owned 0.06% of Under Armour worth $3,874,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in UA. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Under Armour during the 3rd quarter valued at $103,000. First Mercantile Trust Co. bought a new stake in shares of Under Armour during the 2nd quarter valued at $141,000. Abbot Financial Management Inc. bought a new stake in shares of Under Armour during the 3rd quarter valued at $153,000. Ahrens Investment Partners LLC bought a new stake in Under Armour in the 3rd quarter valued at $158,000. Finally, WMS Partners LLC bought a new stake in Under Armour in the 3rd quarter valued at $167,000. Hedge funds and other institutional investors own 30.19% of the company’s stock.
A number of analysts have issued reports on UA shares. Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 price target on shares of Under Armour in a report on Thursday, September 7th. Vetr downgraded shares of Under Armour from a “strong-buy” rating to a “buy” rating and set a $18.79 price target on the stock. in a report on Wednesday, September 13th. SunTrust Banks, Inc. downgraded shares of Under Armour from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a report on Wednesday, November 1st. Wells Fargo & Company downgraded shares of Under Armour from a “market perform” rating to a “sell” rating and reduced their price target for the company from $17.00 to $13.00 in a report on Tuesday, September 19th. Finally, Sanford C. Bernstein started coverage on shares of Under Armour in a report on Tuesday, September 12th. They issued an “underperform” rating and a $14.00 price target on the stock. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. Under Armour has an average rating of “Hold” and a consensus price target of $16.49.
Under Armour, Inc. (NYSE UA) opened at $10.99 on Friday. Under Armour, Inc. has a 52 week low of $10.36 and a 52 week high of $29.53. The company has a market cap of $4,775.16, a PE ratio of 26.42 and a beta of 0.70.
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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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