Russell Investments Group Ltd. Reduces Stock Holdings in Under Armour, Inc. $UAA

Key Points

• Russell Investments Group Ltd. significantly reduced its stake in Under Armour by selling 96,218 shares, leading to a 92.4% decrease in holdings, leaving them with 7,950 shares valued at $50,000.
• In contrast, several other institutional investors like Mariner LLC and PNC Financial Services Group Inc. increased their stakes in Under Armour, indicating varied investment strategies among hedge funds.
• Recent insider transactions saw notable purchases, including 100,000 shares each by Directors Robert John Sweeney and Dawn N. Fitzpatrick, reflecting confidence in the company's future despite a current consensus rating of "Hold."

Russell Investments Group Ltd. decreased its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 92.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,950 shares of the company's stock after selling 96,218 shares during the quarter. Russell Investments Group Ltd.'s holdings in Under Armour were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in UAA. Cerity Partners LLC purchased a new stake in Under Armour during the 1st quarter worth about $66,000. Motley Fool Asset Management LLC purchased a new position in Under Armour during the first quarter valued at approximately $68,000. Vident Advisory LLC purchased a new stake in Under Armour in the 4th quarter worth approximately $85,000. HB Wealth Management LLC purchased a new stake in Under Armour in the 1st quarter worth approximately $88,000. Finally, Encompass More Asset Management bought a new position in Under Armour in the 1st quarter valued at $88,000. 34.58% of the stock is owned by institutional investors.

Under Armour Price Performance

UAA traded down $0.04 during midday trading on Wednesday, hitting $5.01. The stock had a trading volume of 13,070,811 shares, compared to its average volume of 14,035,312. The company has a market cap of $2.15 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 4.23 and a beta of 1.67. Under Armour, Inc. has a 1 year low of $4.78 and a 1 year high of $11.89. The business has a fifty day moving average of $6.04 and a 200 day moving average of $6.26. 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 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 net margin of 1.99% and a return on equity of 7.24%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same period last year, the company posted $0.01 EPS. Under Armour'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. As a group, equities analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UAA. Truist Financial lowered their price objective on Under Armour from $9.00 to $7.00 and set a "hold" rating on the stock in a research report on Wednesday, May 14th. Telsey Advisory Group lowered their price target 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. The Goldman Sachs Group began coverage on Under Armour in a research report on Wednesday, July 2nd. They set a "neutral" rating and a $7.00 price target for the company. UBS Group decreased their price objective on shares of Under Armour from $8.00 to $7.50 and set a "buy" rating on the stock in a research report on Monday, August 11th. Finally, Evercore ISI lowered their target price on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.74.

Insider Buying and Selling

In related news, Director Dawn N. Fitzpatrick acquired 100,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was purchased at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the completion of the transaction, the director owned 133,696 shares of the company's stock, valued at $659,121.28. This trade represents a 296.77% increase in their position. The acquisition 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 the business's stock in a transaction dated Thursday, August 21st. The stock was purchased at an average price of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director directly owned 133,696 shares of the company's stock, valued at approximately $652,436.48. The trade was a 296.77% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 202,045 shares of company stock worth $991,000 over the last ninety days. Insiders own 15.60% of the company's stock.

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.