NFJ Investment Group LLC Has $8.38 Million 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 stake in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 90.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,339,991 shares of the company's stock after buying an additional 637,509 shares during the quarter. NFJ Investment Group LLC owned about 0.31% of Under Armour worth $8,375,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UAA. Raymond James Financial Inc. acquired a new position in shares of Under Armour during the 4th quarter worth about $439,000. Mariner LLC grew its position in shares of Under Armour by 10.0% during the 4th quarter. Mariner LLC now owns 17,006 shares of the company's stock worth $141,000 after buying an additional 1,552 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Under Armour by 5.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 119,063 shares of the company's stock worth $987,000 after buying an additional 5,773 shares during the period. Northern Trust Corp grew its position in shares of Under Armour by 18.9% during the 4th 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. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Under Armour during the 4th quarter worth about $124,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert John Sweeney acquired 100,000 shares of the company's stock in a transaction dated 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 purchase, the director directly owned 133,696 shares in the company, valued at approximately $652,436.48. This trade represents a 296.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dawn N. Fitzpatrick acquired 100,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were bought at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the purchase, the director owned 133,696 shares in the company, valued at approximately $659,121.28. This represents a 296.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 202,045 shares of company stock worth $991,000. Company insiders own 15.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UAA shares. Citigroup cut their price objective on Under Armour from $6.00 to $5.50 and set a "neutral" rating on the stock in a report on Monday, August 11th. Bank of America cut their price objective on Under Armour from $8.00 to $6.50 and set a "neutral" rating on the stock in a report on Monday, August 11th. BMO Capital Markets cut their price objective on Under Armour from $12.00 to $9.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Telsey Advisory Group cut their price objective on Under Armour from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Monday, August 11th. Finally, Evercore ISI cut their price objective on Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a report on Wednesday, May 14th. Three equities research 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 MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $6.74.

Under Armour Stock Down 2.4%

Shares of Under Armour stock traded down $0.13 on Friday, reaching $5.14. 9,338,898 shares of the company were exchanged, compared to its average volume of 15,635,515. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 23.34, a PEG 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. The company has a 50-day moving average of $6.16 and a 200 day moving average of $6.29.

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 (EPS) 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 company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company earned $0.01 EPS. The company's revenue for the quarter was down 4.2% on a year-over-year basis. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. On average, equities research analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Under Armour 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.