GMT Capital Corp Purchases Shares of 435,780 Under Armour, Inc. $UAA

Key Points

• GMT Capital Corp recently acquired a new position in Under Armour, purchasing 435,780 shares valued at approximately $2.72 million, indicating growing institutional interest in the company.
• Under Armour's latest earnings report revealed a net margin of 1.99% and a drop in revenue by 4.2% compared to the same quarter last year, raising concerns about its financial performance.
• Analysts have mixed views on Under Armour, with the average rating at "Hold" and a consensus target price of $6.74, reflecting a cautious outlook amid varying price objectives from different firms.

GMT Capital Corp purchased a new position in Under Armour, Inc. (NYSE:UAA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 435,780 shares of the company's stock, valued at approximately $2,724,000. GMT Capital Corp owned about 0.10% of Under Armour at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Quantitative Investment Management LLC purchased a new stake in Under Armour during the first quarter valued at $857,000. Jump Financial LLC purchased a new stake in shares of Under Armour in the first quarter worth approximately $1,034,000. AlphaQuest LLC purchased a new stake in shares of Under Armour in the first quarter worth approximately $254,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Under Armour by 17.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,997,850 shares of the company's stock worth $24,987,000 after buying an additional 586,183 shares during the period. Finally, GDS Wealth Management purchased a new position in Under Armour during the 1st quarter worth $315,000. Hedge funds and other institutional investors own 34.58% of the company's stock.

Insider Buying and Selling

In other news, Director Dawn N. Fitzpatrick purchased 100,000 shares of the firm's stock in a transaction dated 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 purchase, the director directly 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert John Sweeney purchased 100,000 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were purchased at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the purchase, the director directly owned 133,696 shares in the company, valued at approximately $652,436.48. This represents a 296.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 202,045 shares of company stock worth $991,000 in the last ninety days. 15.60% of the stock is owned by corporate insiders.

Under Armour Stock Performance

Shares of UAA traded up $0.20 during midday trading on Thursday, reaching $5.26. 5,457,427 shares of the stock were exchanged, compared to its average volume of 13,229,843. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.33 and a beta of 1.67. Under Armour, Inc. has a twelve month low of $4.78 and a twelve month high of $11.89. The business's 50-day moving average price is $6.23 and its 200 day moving average price is $6.33. 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 announced its quarterly earnings data 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 net margin of 1.99% and a return on equity of 7.24%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same period in the prior year, the firm posted $0.01 EPS. Under Armour's revenue for the quarter was down 4.2% compared to the same quarter last year. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. On average, sell-side analysts expect that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UAA shares. Citigroup dropped their target price on Under Armour from $6.00 to $5.50 and set a "neutral" rating on the stock in a research note on Monday, August 11th. Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a report on Wednesday, May 14th. The Goldman Sachs Group started coverage on Under Armour in a research note on Wednesday, July 2nd. They set a "neutral" rating and a $7.00 price objective for the company. Bank of America cut their price objective on Under Armour from $8.00 to $6.50 and set a "neutral" rating for the company in a research note on Monday, August 11th. Finally, Stifel Nicolaus dropped 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. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $6.74.

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.