Boston Partners Purchases New Position in Under Armour, Inc. $UAA

Key Points

• Boston Partners has taken a significant position in Under Armour, acquiring approximately 2.86 million shares valued at $17.75 million, representing about 0.67% of the company's stock.
• Under Armour's recent quarterly earnings report revealed a miss on earnings per share estimates, with a reported $0.02 EPS compared to an anticipated $0.03, along with revenues of $1.13 billion.
• Recent analyst ratings have resulted in a consensus "Hold" rating for Under Armour, with a revised average price target of $6.74, down from previous targets.

Boston Partners acquired a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 2,864,429 shares of the company's stock, valued at approximately $17,745,000. Boston Partners owned approximately 0.67% of Under Armour at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Cerity Partners LLC bought a new position in Under Armour in the 1st quarter valued at $66,000. Motley Fool Asset Management LLC bought a new position in Under Armour in the 1st quarter valued at $68,000. LGT Group Foundation bought a new position in Under Armour in the 1st quarter valued at $70,000. Vident Advisory LLC bought a new position in Under Armour in the 4th quarter valued at $85,000. Finally, HB Wealth Management LLC bought a new position in Under Armour in the 1st quarter valued at $88,000. 34.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Under Armour

In other news, Director Dawn N. Fitzpatrick acquired 100,000 shares of the firm's stock in a transaction on 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 transaction, the director owned 133,696 shares of the company's stock, valued at $659,121.28. The trade was a 296.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mehri Shadman sold 16,287 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the transaction, the insider owned 191,796 shares in the company, valued at $1,177,627.44. The trade was a 7.83% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on UAA. Cfra Research raised shares of Under Armour from a "moderate sell" rating to a "hold" rating in a report on Tuesday, August 12th. UBS Group cut their price target 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. Telsey Advisory Group dropped their price objective on shares of Under Armour from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Monday, August 11th. JPMorgan Chase & Co. dropped their price objective on shares of Under Armour from $6.00 to $5.00 and set an "underweight" rating for the company in a report on Friday, August 8th. Finally, Stifel Nicolaus dropped their price objective on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.74.

Under Armour Trading Down 3.0%

Under Armour stock traded down $0.1550 during mid-day trading on Thursday, hitting $4.9750. The company's stock had a trading volume of 4,237,223 shares, compared to its average volume of 13,232,417. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 2.37 and a beta of 1.61. The business has a 50 day moving average price of $6.55 and a 200-day moving average price of $6.51. Under Armour, Inc. has a 12 month low of $4.78 and a 12 month high of $11.89.

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 business had revenue of $1.13 billion during 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 business's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 earnings per share. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. As a group, analysts forecast 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.