Daiwa Securities Group Inc. Has $1.04 Million Holdings in Under Armour, Inc. (UAA)
Daiwa Securities Group Inc. lifted its stake in Under Armour, Inc. (NYSE:UAA) by 13.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,240 shares of the company’s stock after purchasing an additional 7,408 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Under Armour were worth $1,041,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Aviva PLC purchased a new position in shares of Under Armour in the 2nd quarter valued at approximately $2,486,000. State of Tennessee Treasury Department purchased a new position in shares of Under Armour in the 2nd quarter valued at approximately $4,363,000. Chilton Investment Co. LLC purchased a new position in shares of Under Armour in the 2nd quarter valued at approximately $18,697,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Under Armour in the 2nd quarter valued at approximately $15,325,000. Finally, BKS Advisors LLC purchased a new position in shares of Under Armour in the 2nd quarter valued at approximately $1,224,000. 30.35% of the stock is owned by hedge funds and other institutional investors.
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Several equities analysts recently commented on UAA shares. Vetr lowered shares of Under Armour from a “strong-buy” rating to a “hold” rating and set a $21.02 price objective for the company. in a research report on Monday, July 17th. OTR Global reissued a “negative” rating on shares of Under Armour in a research report on Tuesday, July 18th. Needham & Company LLC initiated coverage on shares of Under Armour in a research report on Tuesday, July 18th. They set a “hold” rating for the company. Deutsche Bank AG lowered shares of Under Armour from a “hold” rating to a “sell” rating and reduced their price target for the stock from $20.27 to $17.00 in a research report on Tuesday, July 25th. Finally, Buckingham Research reissued an “underperform” rating and set a $15.00 price target on shares of Under Armour in a research report on Thursday, July 27th. Eighteen research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $17.04.
Shares of Under Armour, Inc. (NYSE UAA) opened at $12.48 on Monday. The stock has a market cap of $5,521.16, a PE ratio of 30.54, a P/E/G ratio of 3.71 and a beta of -0.15. Under Armour, Inc. has a fifty-two week low of $11.40 and a fifty-two week high of $33.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.23 and a quick ratio of 1.16.
Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. equities analysts predict that Under Armour, Inc. will post 0.2 earnings per share for the current year.
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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