Russell Investments Group Ltd. Decreases Position 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. lowered its position in Under Armour, Inc. (NYSE:UAA - Free Report) by 92.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,950 shares of the company's stock after selling 96,218 shares during the period. Russell Investments Group Ltd.'s holdings in Under Armour were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Mariner LLC lifted its position in Under Armour by 10.0% in the fourth quarter. Mariner LLC now owns 17,006 shares of the company's stock valued at $141,000 after purchasing an additional 1,552 shares during the period. Principal Financial Group Inc. lifted its position in Under Armour by 0.4% in the first quarter. Principal Financial Group Inc. now owns 435,307 shares of the company's stock valued at $2,721,000 after purchasing an additional 1,888 shares during the period. PNC Financial Services Group Inc. lifted its position in Under Armour by 12.0% in the first quarter. PNC Financial Services Group Inc. now owns 26,694 shares of the company's stock valued at $167,000 after purchasing an additional 2,868 shares during the period. Yousif Capital Management LLC lifted its position in Under Armour by 4.6% in the first quarter. Yousif Capital Management LLC now owns 68,911 shares of the company's stock valued at $431,000 after purchasing an additional 3,024 shares during the period. Finally, Federated Hermes Inc. lifted its position in Under Armour by 1.6% in the first quarter. Federated Hermes Inc. now owns 195,512 shares of the company's stock valued at $1,222,000 after purchasing an additional 3,073 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.

Insider Buying and Selling at Under Armour

In other news, Director Dawn N. Fitzpatrick acquired 100,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average cost of $4.93 per share, for a total transaction of $493,000.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert John Sweeney purchased 100,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was bought at an average price of $4.88 per share, with a total value of $488,000.00. Following the completion of the acquisition, 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. Insiders purchased 202,045 shares of company stock valued at $991,000 over the last quarter. Insiders own 15.60% of the company's stock.

Under Armour Trading Down 1.5%

UAA traded down $0.08 during trading on Tuesday, hitting $5.03. The company's stock had a trading volume of 4,044,349 shares, compared to its average volume of 13,186,037. The stock has a market cap of $2.15 billion, a PE ratio of 22.84, a PEG ratio of 4.32 and a beta of 1.67. The firm's 50 day moving average price is $6.13 and its 200-day moving average price is $6.28. Under Armour, Inc. has a twelve month low of $4.78 and a twelve month high of $11.89. 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 released its 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 business 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%. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. On average, analysts expect that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UAA shares. UBS Group reduced their price target on shares of Under Armour from $8.00 to $7.50 and set a "buy" rating for the company in a research report on Monday, August 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour 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 for the company in a research report on Monday, August 11th. Robert W. Baird cut their price objective on Under Armour from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Finally, BMO Capital Markets cut their price objective on Under Armour from $12.00 to $9.00 and set an "outperform" rating for the company in a research 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.74.

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.