270,320 Shares in Under Armour, Inc. $UAA Bought by Graham Capital Management L.P.

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 shares of Under Armour, Inc. (NYSE:UAA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and 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 SEC filing.

Other hedge funds also recently made changes to their positions in the company. Twin Tree Management LP bought a new position in shares of Under Armour in the first quarter valued at $44,000. Cerity Partners LLC bought a new position in shares of Under Armour in the first quarter valued at $66,000. Motley Fool Asset Management LLC bought a new position in shares of Under Armour in the first quarter valued at $68,000. LGT Group Foundation bought a new position in shares of Under Armour in the first quarter valued at $70,000. Finally, Vident Advisory LLC bought a new position in shares of Under Armour in the fourth quarter valued at $85,000. 34.58% of the stock is owned by institutional investors.

Under Armour Stock Performance

Shares of UAA traded down $0.13 during midday trading on Friday, reaching $5.14. 9,338,898 shares of the stock were exchanged, compared to its average volume of 18,261,036. Under Armour, Inc. has a twelve month low of $4.78 and a twelve month high of $11.89. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.20 billion, a P/E ratio of 23.34, a PEG ratio of 2.45 and a beta of 1.67. The stock's 50 day simple moving average is $6.16 and its 200 day simple moving average is $6.31.

Under Armour (NYSE:UAA - Get Free Report) last posted 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 firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business posted $0.01 EPS. The firm's quarterly revenue 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 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Robert John Sweeney purchased 100,000 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were bought at an average price of $4.88 per share, for a total transaction of $488,000.00. Following the completion of the transaction, the director 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dawn N. Fitzpatrick purchased 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the transaction, the director directly owned 133,696 shares of the company's stock, valued at $659,121.28. This trade represents a 296.77% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 202,045 shares of company stock valued at $991,000 in the last three months. Insiders own 15.60% of the company's stock.

Wall Street Analyst Weigh In

UAA has been the subject of several research reports. UBS Group cut their price target on Under Armour from $8.00 to $7.50 and set a "buy" rating for the company in a report on Monday, August 11th. Evercore ISI cut their price target on Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a report on Wednesday, May 14th. Wall Street Zen raised Under Armour from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. The Goldman Sachs Group initiated coverage on Under Armour in a report on Wednesday, July 2nd. They set a "neutral" rating and a $7.00 price target for the company. Finally, Truist Financial cut their price target on Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a report on Wednesday, May 14th. Three investment 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $6.74.

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.