Fuller & Thaler Asset Management Inc. Acquires 965,404 Shares of Under Armour, Inc. $UAA

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Under Armour by 17.5%, acquiring an additional 965,404 shares for a total of 6,494,339 shares valued at approximately $40.59 million.
• Multiple hedge funds have also modified their positions in Under Armour, with notable increases such as Alyeska Investment Group L.P. raising its stake by 55.7%, now owning 9,789,553 shares worth about $81 million.
• The company's recent earnings report missed analysts' estimates with earnings per share at $0.02, down 4.2% in revenue year-over-year, underscoring potential challenges ahead.

Fuller & Thaler Asset Management Inc. lifted its holdings in Under Armour, Inc. (NYSE:UAA - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,494,339 shares of the company's stock after acquiring an additional 965,404 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.51% of Under Armour worth $40,590,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of Under Armour by 18.9% in the 4th quarter. Northern Trust Corp now owns 1,729,796 shares of the company's stock worth $14,323,000 after acquiring an additional 275,131 shares in the last quarter. Eisler Capital Management Ltd. bought a new stake in Under Armour in the 4th quarter valued at about $2,514,000. Alyeska Investment Group L.P. increased its position in Under Armour by 55.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock valued at $81,057,000 after buying an additional 3,503,006 shares in the last quarter. ABC Arbitrage SA bought a new stake in Under Armour in the 1st quarter valued at about $3,233,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in Under Armour by 24.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,972 shares of the company's stock valued at $225,000 after buying an additional 7,114 shares in the last quarter. 34.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Mehri Shadman sold 16,287 shares of the business'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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dawn N. Fitzpatrick bought 100,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the purchase, the director directly owned 133,696 shares in the company, valued at approximately $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. 15.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UAA has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their target price 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. 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. Wells Fargo & Company boosted their target price on Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Telsey Advisory Group decreased their target price on Under Armour from $7.00 to $5.00 and set a "market perform" rating for the company in a research report on Monday, August 11th. Finally, Truist Financial decreased their target price on Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, May 14th. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Under Armour currently has an average rating of "Hold" and a consensus target price of $6.74.

Under Armour Price Performance

UAA stock opened at $5.0750 on Wednesday. The company has a market capitalization of $2.18 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.61. 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 52-week low of $4.78 and a 52-week high of $11.89. The business has a 50-day simple moving average of $6.58 and a two-hundred day simple moving average of $6.52.

Under Armour (NYSE:UAA - Get Free Report) last announced 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). Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the previous year, the firm earned $0.01 EPS. Under Armour's quarterly revenue was down 4.2% on a year-over-year basis. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. Research analysts expect that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

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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