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

A number of other large investors have also recently made changes to their positions in the business. Mariner LLC grew its holdings in shares of Under Armour by 10.0% during the fourth quarter. Mariner LLC now owns 17,006 shares of the company's stock valued at $141,000 after buying an additional 1,552 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Under Armour by 0.4% during the first quarter. Principal Financial Group Inc. now owns 435,307 shares of the company's stock valued at $2,721,000 after buying an additional 1,888 shares during the last quarter. Beacon Pointe Advisors LLC grew its holdings in shares of Under Armour by 10.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 21,470 shares of the company's stock valued at $178,000 after buying an additional 2,080 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Under Armour by 12.0% during the first quarter. PNC Financial Services Group Inc. now owns 26,694 shares of the company's stock valued at $167,000 after buying an additional 2,868 shares during the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of Under Armour by 4.6% during the first quarter. Yousif Capital Management LLC now owns 68,911 shares of the company's stock valued at $431,000 after buying an additional 3,024 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

Insider Activity at Under Armour

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total transaction of $100,002.18. Following the sale, the insider owned 191,796 shares in the company, valued at $1,177,627.44. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dawn N. Fitzpatrick purchased 100,000 shares of Under Armour stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of $4.93 per share, with a total value of $493,000.00. Following the completion of the transaction, the director owned 133,696 shares of the company's stock, valued at $659,121.28. This represents a 296.77% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 202,045 shares of company stock worth $991,000. 15.60% of the stock is owned by corporate insiders.

Under Armour Stock Performance

Shares of Under Armour stock traded up $0.0750 during trading hours on Friday, hitting $5.1250. 12,238,708 shares of the company's stock traded hands, compared to its average volume of 16,662,000. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 2.40 and a beta of 1.61. The company has a fifty day simple moving average of $6.48 and a 200-day simple moving average of $6.44. 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 results on Friday, August 8th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The firm's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. Equities research analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group reduced their price objective on shares of Under Armour from $8.00 to $7.50 and set a "buy" rating for the company in a report on Monday, August 11th. Cfra Research raised Under Armour from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 12th. JPMorgan Chase & Co. lowered their price target 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 lowered their price target on Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Finally, Citigroup decreased their target price on Under Armour from $6.00 to $5.50 and set a "neutral" rating for the company in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average 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.