American Century Companies Inc. Acquires 1,452,143 Shares of Under Armour, Inc. $UAA

Key Points

• American Century Companies Inc. increased its stake in Under Armour by 36.2% in the first quarter, owning approximately 1.27% of the company worth $34.16 million after acquiring over 1.4 million shares.
• Under Armour's recent earnings report showed a miss on earnings per share, posting $0.02 against a consensus estimate of $0.03, and a 4.2% decline in revenue year-over-year.
• Equity analysts have varied ratings on Under Armour, with an average rating of "Hold" and a consensus target price of $6.74, following recent price target adjustments from various firms.

American Century Companies Inc. increased its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 36.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,465,814 shares of the company's stock after purchasing an additional 1,452,143 shares during the quarter. American Century Companies Inc. owned approximately 1.27% of Under Armour worth $34,161,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC purchased a new stake in shares of Under Armour during the first quarter worth about $66,000. Motley Fool Asset Management LLC purchased a new stake in shares of Under Armour during the first quarter worth about $68,000. LGT Group Foundation purchased a new stake in shares of Under Armour during the first quarter worth about $70,000. Vident Advisory LLC purchased a new stake in shares of Under Armour during the fourth quarter worth about $85,000. Finally, HB Wealth Management LLC purchased a new stake in shares of Under Armour during the first quarter worth about $88,000. Hedge funds and other institutional investors own 34.58% of the company's stock.

Insider Activity

In related news, Director Robert John Sweeney acquired 100,000 shares of the stock in a transaction dated Thursday, August 21st. The stock was acquired at an average cost of $4.88 per share, with a total value of $488,000.00. Following the purchase, the director directly owned 133,696 shares of the company's stock, valued at approximately $652,436.48. This trade represents a 296.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mehri Shadman sold 16,287 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the sale, the insider directly owned 191,796 shares of the company's stock, valued at $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased 202,045 shares of company stock valued at $991,000 in the last ninety days. Insiders own 15.60% of the company's stock.

Under Armour Trading Up 0.7%

Shares of NYSE:UAA traded up $0.04 during trading on Wednesday, hitting $5.03. The company had a trading volume of 13,270,194 shares, compared to its average volume of 17,243,394. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.33 and a beta of 1.61. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89. The company has a fifty day simple moving average of $6.40 and a two-hundred day simple moving average of $6.41. 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 posted its quarterly earnings data on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. Under Armour's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. As a group, equities analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

UAA has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their target price on Under Armour from $6.00 to $5.00 and set an "underweight" rating for the company in a research report on Friday, August 8th. Stifel Nicolaus cut their price target on Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Cfra Research upgraded Under Armour from a "moderate sell" rating to a "hold" rating in a report on Tuesday, August 12th. Truist Financial cut their price target on Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a report on Wednesday, May 14th. Finally, Citigroup cut their price target on Under Armour from $6.00 to $5.50 and set a "neutral" rating for the company in a report on Monday, August 11th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Under Armour currently has a consensus rating of "Hold" and an average price target of $6.74.

Under Armour 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.