Graham Capital Management L.P. Buys New Shares in Under Armour, Inc. $UAA

Key Points

• Graham Capital Management L.P. has acquired a new stake in Under Armour, purchasing 270,320 shares valued at approximately $1,690,000 during the first quarter.
• Several hedge funds, including Northern Trust Corp and T. Rowe Price, have increased their holdings in Under Armour, with institutional investors owning 34.58% of the company's stock.
• Analysts have lowered price targets for Under Armour, with Bank of America setting a new objective of $6.50, resulting in a consensus rating of "Hold" and a target price of $6.74.

Graham Capital Management L.P. purchased a new position in Under Armour, Inc. (NYSE:UAA - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 270,320 shares of the company's stock, valued at approximately $1,690,000. Graham Capital Management L.P. owned approximately 0.06% of Under Armour as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Northern Trust Corp grew its stake in Under Armour by 18.9% in the fourth quarter. Northern Trust Corp now owns 1,729,796 shares of the company's stock worth $14,323,000 after purchasing an additional 275,131 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in 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 purchasing an additional 586,183 shares in the last quarter. Eisler Capital Management Ltd. acquired a new position in Under Armour in the fourth quarter worth about $2,514,000. American Century Companies Inc. boosted its stake in Under Armour by 36.2% in the first quarter. American Century Companies Inc. now owns 5,465,814 shares of the company's stock valued at $34,161,000 after acquiring an additional 1,452,143 shares during the period. Finally, GDS Wealth Management acquired a new position in Under Armour in the first quarter valued at approximately $315,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays reduced their price objective on Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Bank of America reduced their price objective on Under Armour from $8.00 to $6.50 and set a "neutral" rating for the company in a research report on Monday, August 11th. Truist Financial reduced their price objective 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. UBS Group reduced their price objective on Under Armour from $8.00 to $7.50 and set a "buy" rating for the company in a research report on Monday, August 11th. Finally, BMO Capital Markets reduced their price objective on Under Armour from $12.00 to $9.00 and set an "outperform" 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 issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Under Armour has an average rating of "Hold" and an average target price of $6.74.

Insiders Place Their Bets

In other Under Armour news, Director Robert John Sweeney bought 100,000 shares of Under Armour stock in a transaction dated Thursday, August 21st. The stock was bought at an average price of $4.88 per share, for a total transaction of $488,000.00. Following the completion of the acquisition, the director directly owned 133,696 shares of the company's stock, valued at approximately $652,436.48. This trade represents a 296.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dawn N. Fitzpatrick purchased 100,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was bought at an average cost of $4.93 per share, for a total transaction of $493,000.00. Following the completion of 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 position. The disclosure for this purchase can be found here. Insiders have bought a total of 202,045 shares of company stock valued at $991,000 in the last quarter. Insiders own 15.60% of the company's stock.

Under Armour Price Performance

NYSE:UAA traded down $0.08 during midday trading on Monday, hitting $5.07. 3,205,457 shares of the stock were exchanged, compared to its average volume of 13,197,140. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89. The business has a 50-day moving average price of $6.16 and a two-hundred day moving average price of $6.29. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 4.32 and a beta of 1.67. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21.

Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.02 EPS 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 company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the company posted $0.01 EPS. Under Armour's 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. Sell-side analysts predict 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.