Strs Ohio Invests $1.18 Million in Under Armour, Inc. $UAA

Key Points

• Strs Ohio has invested approximately $1.18 million in Under Armour, acquiring 188,062 shares, as indicated in its recent SEC filing.
• Multiple institutional investors have increased their stakes in Under Armour, with notable purchases by Deutsche Bank AG and Two Sigma Advisers LP, among others.
• Wall Street analysts have mixed ratings on Under Armour, with current consensus rating as "Hold" and a price target of $6.70.

Strs Ohio bought a new position in Under Armour, Inc. (NYSE:UAA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 188,062 shares of the company's stock, valued at approximately $1,175,000.

Several other institutional investors have also made changes to their positions in UAA. Deutsche Bank AG boosted its holdings in shares of Under Armour by 67.4% during the fourth quarter. Deutsche Bank AG now owns 18,055 shares of the company's stock worth $149,000 after purchasing an additional 7,270 shares during the period. Man Group plc bought a new stake in Under Armour in the 4th quarter valued at $341,000. Two Sigma Advisers LP boosted its stake in shares of Under Armour by 64.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,058,300 shares of the company's stock valued at $8,763,000 after purchasing an additional 413,500 shares in the last quarter. Twinbeech Capital LP acquired a new position in Under Armour during the 4th quarter worth about $3,728,000. Finally, Vident Advisory LLC acquired a new position in Under Armour during the 4th quarter valued at about $85,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UAA. JPMorgan Chase & Co. lowered their target price on Under Armour from $6.00 to $5.00 and set an "underweight" rating for the company in a research note on Friday, August 8th. Rothschild & Co Redburn reiterated a "neutral" rating and set a $6.00 price objective (down previously from $7.00) on shares of Under Armour in a research report on Monday. Cfra Research upgraded Under Armour from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded Under Armour from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, The Goldman Sachs Group assumed coverage on Under Armour in a research note on Wednesday, July 2nd. They set a "neutral" rating and a $7.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $6.70.

Insiders Place Their Bets

In other news, Director Robert John Sweeney acquired 100,000 shares of the business's 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 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dawn N. Fitzpatrick purchased 100,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were bought at an average cost of $4.93 per share, with a total value of $493,000.00. Following the acquisition, the director directly 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 disclosure for this purchase can be found here. In the last three months, insiders acquired 202,045 shares of company stock valued at $991,000. Corporate insiders own 15.60% of the company's stock.

Under Armour Stock Performance

NYSE UAA opened at $4.86 on Thursday. Under Armour, Inc. has a fifty-two week low of $4.76 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.93 and a current ratio of 1.53. The stock has a 50 day simple moving average of $5.83 and a two-hundred day simple moving average of $6.19. The stock has a market cap of $2.08 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 4.08 and a beta of 1.67.

Under Armour (NYSE:UAA - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported $0.02 earnings per share 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 analysts' expectations of $1.13 billion. Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The company's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. On average, analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Under Armour Company 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.

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