Nuveen LLC Takes $2.02 Million Position in Under Armour, Inc. $UAA

Key Points

• Nuveen LLC acquired 323,907 shares of Under Armour, Inc. (NYSE:UAA) during the first quarter, valuing the investment at approximately $2.02 million.
• Under Armour reported $0.02 EPS for the latest quarter, missing expectations, and had a revenue of $1.13 billion, down 4.2% compared to the previous year.
• Research analysts have set a consensus rating of “Hold” on Under Armour's stock, with the average price target revised to $6.74.

Nuveen LLC acquired a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 323,907 shares of the company's stock, valued at approximately $2,024,000. Nuveen LLC owned approximately 0.08% of Under Armour as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC raised its position in shares of Under Armour by 30.1% in the first quarter. Virtu Financial LLC now owns 50,295 shares of the company's stock valued at $314,000 after buying an additional 11,622 shares during the last quarter. Entropy Technologies LP acquired a new stake in Under Armour in the 1st quarter valued at about $511,000. Invesco Ltd. boosted its holdings in shares of Under Armour by 17.6% during the 1st quarter. Invesco Ltd. now owns 627,402 shares of the company's stock worth $3,921,000 after purchasing an additional 93,741 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Under Armour during the 1st quarter worth approximately $163,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Under Armour by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,047,630 shares of the company's stock valued at $31,548,000 after purchasing an additional 231,990 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.

Insider Buying and Selling at Under Armour

In other news, Director Robert John Sweeney bought 100,000 shares of Under Armour stock in a transaction dated Thursday, August 21st. The stock was bought at an average price of $4.88 per share, for a total transaction of $488,000.00. Following the purchase, the director 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dawn N. Fitzpatrick purchased 100,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the completion of the purchase, the director owned 133,696 shares of the company's stock, valued at approximately $659,121.28. This trade represents 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 purchased 202,045 shares of company stock valued at $991,000. Corporate insiders own 15.60% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company upped their target price on Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Wall Street Zen raised shares of Under Armour from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Barclays dropped their price target on shares of Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Citigroup decreased their price objective on shares of Under Armour from $6.00 to $5.50 and set a "neutral" rating for the company in a research report on Monday, August 11th. Finally, Bank of America cut their price target on Under Armour from $8.00 to $6.50 and set a "neutral" rating on the stock in a research note on Monday, August 11th. Three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.74.

Under Armour Stock Performance

Under Armour stock traded up $0.05 during midday trading on Wednesday, hitting $5.08. 6,025,927 shares of the company's stock were exchanged, compared to its average volume of 13,252,521. The firm's 50 day simple moving average is $6.26 and its 200 day simple moving average is $6.34. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.93 and a current ratio of 1.53. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.33 and a beta of 1.67.

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

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.