Credit Industriel ET Commercial Has $3.48 Million Position in Under Armour, Inc. $UAA

Key Points

• Credit Industriel ET Commercial reduced its stake in Under Armour, Inc. by 60.1%, now holding 509,519 shares valued at approximately $3.48 million.
• In contrast, Parallel Advisors LLC and UMB Bank n.a. significantly increased their positions in Under Armour, with increases of 620.7% and 133.8% respectively during the second quarter.
• Under Armour reported earnings of $0.02 per share for the last quarter, missing estimates, while its revenue remained flat at $1.13 billion.

Credit Industriel ET Commercial cut its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 60.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 509,519 shares of the company's stock after selling 767,470 shares during the quarter. Credit Industriel ET Commercial owned about 0.12% of Under Armour worth $3,480,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UAA. Parallel Advisors LLC increased its holdings in shares of Under Armour by 620.7% during the 2nd quarter. Parallel Advisors LLC now owns 3,892 shares of the company's stock worth $27,000 after acquiring an additional 3,352 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Under Armour by 133.8% during the 2nd quarter. UMB Bank n.a. now owns 4,203 shares of the company's stock worth $29,000 after acquiring an additional 2,405 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Under Armour during the 1st quarter worth approximately $44,000. GAMMA Investing LLC increased its holdings in shares of Under Armour by 163.3% during the 2nd quarter. GAMMA Investing LLC now owns 7,013 shares of the company's stock worth $48,000 after acquiring an additional 4,350 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Under Armour during the 1st quarter worth approximately $66,000. 34.58% of the stock is owned by institutional investors and hedge funds.

Under Armour Stock Performance

NYSE:UAA opened at $4.84 on Tuesday. The stock has a fifty day moving average price of $5.10 and a 200-day moving average price of $5.95. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 4.02 and a beta of 1.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.93 and a current ratio of 1.53. Under Armour, Inc. has a fifty-two week low of $4.72 and a fifty-two week high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last released its earnings results 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). The company had revenue of $1.13 billion for 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%. The business'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 earnings per share. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. As a group, equities analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Under Armour news, Director Robert John Sweeney acquired 100,000 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the transaction, the director directly owned 133,696 shares in the company, valued at $652,436.48. This represents a 296.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dawn N. Fitzpatrick acquired 100,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired 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 in the company, valued at $659,121.28. 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 quarter, insiders have bought 202,045 shares of company stock valued at $991,000. Corporate insiders own 15.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on UAA shares. Citigroup decreased their price objective on Under Armour from $6.00 to $5.50 and set a "neutral" rating on the stock in a report on Monday, August 11th. Cfra Research raised shares of Under Armour from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 12th. Rothschild Redb cut shares of Under Armour from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Rothschild & Co Redburn reissued a "neutral" rating and issued a $6.00 target price (down previously from $7.00) on shares of Under Armour in a research report on Monday, September 15th. Finally, UBS Group reduced their target price on shares of Under Armour from $8.00 to $7.50 and set a "buy" rating for the company in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $6.70.

About Under Armour

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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