Quantitative Investment Management LLC Makes New Investment in Under Armour, Inc. $UAA

Key Points

• Quantitative Investment Management LLC acquired a new stake in Under Armour, purchasing 137,217 shares valued at approximately $857,000 in the first quarter.
• Recent analyst reports have lowered price targets for UAA, with Barclays decreasing theirs from $8.00 to $6.00, impacting the consensus rating, which is now classified as a "Hold".
• Insider activity increased, with Director Dawn N. Fitzpatrick and Director Robert John Sweeney each purchasing 100,000 shares, marking a significant increase in their ownership of the stock.

Quantitative Investment Management LLC purchased a new stake in Under Armour, Inc. (NYSE:UAA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 137,217 shares of the company's stock, valued at approximately $857,000.

Other hedge funds have also made changes to their positions in the company. Cerity Partners LLC purchased a new stake in shares of Under Armour in the 1st quarter valued at approximately $66,000. Motley Fool Asset Management LLC purchased a new position in shares of Under Armour during the 1st quarter valued at $68,000. LGT Group Foundation acquired a new position in shares of Under Armour in the first quarter worth $70,000. Vident Advisory LLC acquired a new position in shares of Under Armour in the fourth quarter worth $85,000. Finally, HB Wealth Management LLC acquired a new position in shares of Under Armour in the first quarter worth $88,000. Hedge funds and other institutional investors own 34.58% of the company's stock.

Insider Buying and Selling

In other Under Armour news, insider Mehri Shadman sold 16,287 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the sale, the insider owned 191,796 shares in the company, valued at approximately $1,177,627.44. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dawn N. Fitzpatrick acquired 100,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was bought at an average price of $4.93 per share, with a total value of $493,000.00. Following the transaction, the director directly owned 133,696 shares in the company, valued at approximately $659,121.28. This represents a 296.77% increase in their position. The disclosure for this purchase can be found here. Insiders bought 202,045 shares of company stock worth $991,000 in the last quarter. 15.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

UAA has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of Under Armour from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Cfra Research upgraded shares of Under Armour from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, August 12th. Truist Financial reduced their target price on shares of Under Armour from $9.00 to $7.00 and set a "hold" rating for the company in a research note on Wednesday, May 14th. UBS Group dropped their price target on shares of Under Armour from $8.00 to $7.50 and set a "buy" rating on the stock in a research note on Monday, August 11th. Finally, Wall Street Zen raised shares of Under Armour from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Under Armour currently has an average rating of "Hold" and a consensus price target of $6.74.

Under Armour Stock Performance

Shares of NYSE UAA traded down $0.02 during trading hours on Thursday, hitting $5.02. 11,732,913 shares of the stock were exchanged, compared to its average volume of 13,313,201. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. The company's 50 day moving average is $6.40 and its 200 day moving average is $6.41. The firm has a market capitalization of $2.15 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.33 and a beta of 1.61. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last issued 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 company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. Under Armour's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. On average, research analysts expect that Under Armour, Inc. will post 0.3 EPS 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.