Under Armour, Inc. $UAA Stake Lessened by National Bank of Canada FI

Key Points

• National Bank of Canada FI has significantly decreased its holdings in Under Armour, Inc., selling 104,361 shares to end the first quarter with a value of $228,000.
• Institutional investors collectively own 34.58% of Under Armour's stock, with notable increases in holdings from Northern Trust Corp and JPMorgan Chase & Co. in the last quarter.
• Under Armour's earnings report revealed a decline in revenue by 4.2% year-over-year, with earnings per share of $0.02, which was below analysts' expectations.

National Bank of Canada FI lessened its position in Under Armour, Inc. (NYSE:UAA - Free Report) by 74.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 36,550 shares of the company's stock after selling 104,361 shares during the period. National Bank of Canada FI's holdings in Under Armour were worth $228,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in UAA. Alyeska Investment Group L.P. lifted its stake in shares of Under Armour by 55.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company's stock valued at $81,057,000 after purchasing an additional 3,503,006 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Under Armour in the fourth quarter valued at about $28,249,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Under Armour by 279.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,901 shares of the company's stock valued at $14,307,000 after purchasing an additional 1,273,129 shares during the period. Oberweis Asset Management Inc. acquired a new stake in shares of Under Armour in the fourth quarter valued at about $9,548,000. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of Under Armour by 10.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company's stock valued at $45,780,000 after purchasing an additional 533,417 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Trading Up 2.1%

Under Armour stock traded up $0.1050 during trading on Friday, reaching $5.1550. The company had a trading volume of 3,476,878 shares, compared to its average volume of 13,249,020. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89. The stock's 50 day moving average price is $6.51 and its two-hundred day moving average price is $6.49. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.39 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 (NYSE:UAA - Get Free Report) last announced its quarterly 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). The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The company's quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. As a group, equities analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

UAA has been the subject of several recent research reports. Stifel Nicolaus dropped their target price on shares of Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Cfra Research upgraded shares of Under Armour from a "moderate sell" rating to a "hold" rating in a report on Tuesday, August 12th. Telsey Advisory Group dropped their target price on shares of Under Armour from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Monday, August 11th. Needham & Company LLC reiterated a "hold" rating on shares of Under Armour in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Under Armour from $6.00 to $5.00 and set an "underweight" rating for the company in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $6.74.

Insider Transactions at Under Armour

In other news, insider Mehri Shadman sold 16,287 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total transaction of $100,002.18. Following the transaction, the insider directly owned 191,796 shares of the company's stock, valued at approximately $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert John Sweeney bought 100,000 shares of Under Armour 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 completion of the transaction, the director owned 133,696 shares of the company's stock, valued at approximately $652,436.48. This represents a 296.77% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 202,045 shares of company stock valued at $991,000. Corporate insiders own 15.60% of the company's stock.

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.