PDT Partners LLC Acquires New Shares in Under Armour, Inc. $UAA

Key Points

• PDT Partners LLC has acquired a new stake in Under Armour, Inc., purchasing 156,270 shares valued at approximately $977,000 in the first quarter.
• Insider transactions indicate significant confidence in the company, with directors Robert John Sweeney and Dawn N. Fitzpatrick each purchasing 100,000 shares, leading to a 296.77% increase in their respective positions.
• Despite revenue challenges, analysts maintain a predominantly "Hold" rating for Under Armour, with a consensus price target of $6.74 for the stock.

PDT Partners LLC acquired a new position in Under Armour, Inc. (NYSE:UAA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 156,270 shares of the company's stock, valued at approximately $977,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. raised its stake in Under Armour by 17.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,494,339 shares of the company's stock valued at $40,590,000 after purchasing an additional 965,404 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Under Armour by 36.2% during the 1st quarter. American Century Companies Inc. now owns 5,465,814 shares of the company's stock worth $34,161,000 after buying an additional 1,452,143 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Under Armour by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,047,630 shares of the company's stock worth $31,548,000 after purchasing an additional 231,990 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted 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 valued at $24,987,000 after purchasing an additional 586,183 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of Under Armour in the 1st quarter worth approximately $17,745,000. Institutional investors and hedge funds own 34.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UAA shares. Evercore ISI dropped their target price on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a report on Wednesday, May 14th. Stifel Nicolaus cut their price objective on Under Armour from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Cfra Research raised shares of Under Armour from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, August 12th. Barclays dropped their price objective on Under Armour from $8.00 to $6.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Finally, Telsey Advisory Group dropped their price objective 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. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Under Armour has a consensus rating of "Hold" and a consensus price target of $6.74.

Insider Buying and Selling

In related news, Director Dawn N. Fitzpatrick acquired 100,000 shares of Under Armour stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $4.93 per share, for a total transaction of $493,000.00. Following the acquisition, 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 transaction was disclosed in a filing 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 that occurred on Thursday, August 21st. The stock was bought at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the purchase, the director owned 133,696 shares in the company, valued at $652,436.48. This represents a 296.77% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 202,045 shares of company stock worth $991,000. Corporate insiders own 15.60% of the company's stock.

Under Armour Stock Performance

Shares of UAA stock traded down $0.06 during midday trading on Monday, hitting $5.09. The company had a trading volume of 10,108,219 shares, compared to its average volume of 13,229,350. Under Armour, Inc. has a 52-week low of $4.78 and a 52-week high of $11.89. The company's 50 day simple moving average is $6.16 and its 200 day simple moving average is $6.29. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 4.32 and a beta of 1.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93.

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 the consensus estimate of $0.03 by ($0.01). Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm earned $0.01 EPS. The business'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. Research analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

About Under Armour

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.