Fuller & Thaler Asset Management Inc. Buys 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. grew its position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 17.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,494,339 shares of the company's stock after buying an additional 965,404 shares during the period. Fuller & Thaler Asset Management Inc. owned 1.51% of Under Armour worth $40,590,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UAA. Alyeska Investment Group L.P. lifted its holdings in Under Armour by 55.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock worth $81,057,000 after purchasing an additional 3,503,006 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in Under Armour during the 4th quarter worth about $28,249,000. Boston Partners purchased a new stake in Under Armour during the 1st quarter worth about $17,745,000. American Century Companies Inc. lifted its holdings in Under Armour by 36.2% during the 1st quarter. American Century Companies Inc. now owns 5,465,814 shares of the company's stock worth $34,161,000 after purchasing an additional 1,452,143 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Under Armour by 279.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,901 shares of the company's stock worth $14,307,000 after purchasing an additional 1,273,129 shares in the last quarter. Hedge funds and other institutional investors own 34.58% of the company's stock.

Under Armour Price Performance

Shares of NYSE:UAA traded down $0.0850 on Monday, hitting $5.0550. The company's stock had a trading volume of 4,339,969 shares, compared to its average volume of 13,248,351. The company has a 50-day simple moving average of $6.48 and a 200 day simple moving average of $6.44. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89. The company has a market capitalization of $2.17 billion, a PE ratio of 23.02, a PEG ratio of 2.40 and a beta of 1.61. 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 released 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 analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 EPS. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. Sell-side analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UAA shares. Telsey Advisory Group dropped their price objective on Under Armour from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Monday, August 11th. Truist Financial dropped their price objective on Under Armour from $9.00 to $7.00 and set a "hold" rating on the stock in a report on Wednesday, May 14th. BMO Capital Markets dropped their price objective on Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price objective on Under Armour from $6.00 to $5.00 and set an "underweight" rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen raised Under Armour from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $6.74.

Insider Activity

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

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.