132,430 Shares in Under Armour, Inc. $UAA Acquired by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC has acquired 132,430 shares of Under Armour, Inc. (NYSE:UAA), valued at approximately $828,000, highlighting growing interest from institutional investors in the company.
• Recent insider trading indicates confidence in Under Armour, with directors Dawn N. Fitzpatrick and Robert John Sweeney purchasing 100,000 shares each at around $4.90 per share, significantly increasing their ownership stake.
• Under Armour's shares have seen fluctuating performance, currently trading around $5.01 with a market capitalization of $2.15 billion, and the company recently reported lower earnings than expected for the last quarter.

SCS Capital Management LLC acquired a new position in Under Armour, Inc. (NYSE:UAA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 132,430 shares of the company's stock, valued at approximately $828,000.

A number of other large investors also recently bought and sold shares of UAA. Northern Trust Corp raised its stake in Under Armour by 18.9% in the fourth quarter. Northern Trust Corp now owns 1,729,796 shares of the company's stock worth $14,323,000 after buying an additional 275,131 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Under Armour in the fourth quarter valued at approximately $124,000. Captrust Financial Advisors boosted its stake in Under Armour by 20.4% in the fourth quarter. Captrust Financial Advisors now owns 80,024 shares of the company's stock valued at $663,000 after acquiring an additional 13,544 shares in the last quarter. Deutsche Bank AG raised its stake in Under Armour by 67.4% in the fourth quarter. Deutsche Bank AG now owns 18,055 shares of the company's stock valued at $149,000 after buying an additional 7,270 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Under Armour during the 4th quarter valued at approximately $2,339,000. Institutional investors own 34.58% of the company's stock.

Insider Activity at Under Armour

In other news, Director Dawn N. Fitzpatrick purchased 100,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average cost of $4.93 per share, with a total value of $493,000.00. Following the completion of the purchase, the director directly owned 133,696 shares of the company's stock, valued at approximately $659,121.28. The trade was a 296.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert John Sweeney purchased 100,000 shares of the stock in a transaction dated Thursday, August 21st. The stock was purchased at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the completion of the purchase, the director directly owned 133,696 shares of the company's stock, valued at approximately $652,436.48. The trade was a 296.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 202,045 shares of company stock valued at $991,000. Corporate insiders own 15.60% of the company's stock.

Under Armour Price Performance

Shares of NYSE UAA opened at $5.01 on Thursday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 4.23 and a beta of 1.67. Under Armour, Inc. has a 12 month low of $4.78 and a 12 month high of $11.89. The firm's 50 day simple moving average is $6.04 and its 200-day simple moving average is $6.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Under Armour had a return on equity of 7.24% and a net margin of 1.99%.Under Armour's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. Analysts expect that Under Armour, Inc. will post 0.3 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on UAA. Wells Fargo & Company upped their price target on shares of Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group began coverage on shares of Under Armour in a research note on Wednesday, July 2nd. They set a "neutral" rating and a $7.00 price target on the stock. Cfra Research upgraded shares of Under Armour from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, August 12th. Telsey Advisory Group cut their price target on shares of Under Armour from $7.00 to $5.00 and set a "market perform" rating on the stock in a research note on Monday, August 11th. Finally, Truist Financial decreased their price objective on shares of Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a research note on Wednesday, May 14th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Under Armour presently has a consensus rating of "Hold" and an average target price of $6.74.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

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