NFJ Investment Group LLC Has $8.38 Million Stock Position in Under Armour, Inc. $UAA

Key Points

• NFJ Investment Group LLC increased its stake in Under Armour by 90.8% in the first quarter, owning 1,339,991 shares valued at approximately $8.4 million.
• Several other institutional investors, including Fuller & Thaler Asset Management and American Century Companies, have also significantly raised their holdings in Under Armour.
• Analysts have downgraded their price targets for Under Armour, with Citigroup reducing its target from $6.00 to $5.50, and several analysts now rating the stock as "Hold."

NFJ Investment Group LLC raised its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 90.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,339,991 shares of the company's stock after buying an additional 637,509 shares during the period. NFJ Investment Group LLC owned about 0.31% of Under Armour worth $8,375,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in UAA. Northern Trust Corp boosted its holdings in shares of 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 buying an additional 275,131 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Under Armour by 17.2% in the 1st 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 during the period. Eisler Capital Management Ltd. purchased a new position in Under Armour during the 4th quarter worth approximately $2,514,000. American Century Companies Inc. raised its stake 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 valued at $34,161,000 after purchasing an additional 1,452,143 shares during the period. Finally, GDS Wealth Management purchased a new stake in shares of Under Armour in the first quarter valued at $315,000. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Price Performance

NYSE UAA traded down $0.10 during trading on Wednesday, reaching $4.95. 6,232,438 shares of the company traded hands, compared to its average volume of 13,169,053. Under Armour, Inc. has a 1-year low of $4.78 and a 1-year high of $11.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.93 and a current ratio of 1.53. The stock's 50 day moving average price is $6.08 and its two-hundred day moving average price is $6.27. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 4.28 and a beta of 1.67.

Under Armour (NYSE:UAA - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $1.13 billion during 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%. Under Armour's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. As a group, analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

UAA has been the subject of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of Under Armour in a research report on Wednesday, July 2nd. They issued a "neutral" rating and a $7.00 target price for the company. 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. Telsey Advisory Group cut their price target on shares of Under Armour from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Monday, August 11th. Stifel Nicolaus cut their target price on Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Finally, Wells Fargo & Company increased their price objective on Under Armour from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $6.74.

Insider Activity at Under Armour

In other news, Director Dawn N. Fitzpatrick acquired 100,000 shares of Under Armour stock in a transaction on Wednesday, August 13th. The shares were purchased at an average price of $4.93 per share, with a total value of $493,000.00. Following the acquisition, the director owned 133,696 shares in the company, valued at $659,121.28. This represents a 296.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert John Sweeney purchased 100,000 shares of the business'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 of the company's stock, valued at $652,436.48. This trade represents a 296.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 202,045 shares of company stock valued at $991,000 in the last 90 days. 15.60% of the stock is currently owned by corporate insiders.

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.