Under Armour, Inc. $UAA Shares Acquired by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Under Armour, Inc. by 17.2%, holding approximately 3,997,850 shares valued at around $25 million as of the recent SEC filing.
• Wall Street analysts have issued mixed ratings for Under Armour, with target prices ranging from $5.00 to $7.50, resulting in an average rating of "Hold" and a consensus target price of $6.74.
• Under Armour reported quarterly earnings with a net margin of 1.99% and revenue down 4.2% from the previous year, indicating potential challenges ahead for the company.

T. Rowe Price Investment Management Inc. boosted its position in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 17.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,997,850 shares of the company's stock after acquiring an additional 586,183 shares during the period. T. Rowe Price Investment Management Inc. owned 0.93% of Under Armour worth $24,987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC bought a new stake in Under Armour during the 1st quarter worth approximately $66,000. Motley Fool Asset Management LLC bought a new position in Under Armour in the 1st quarter worth approximately $68,000. LGT Group Foundation bought a new position in Under Armour in the 1st quarter worth approximately $70,000. Vident Advisory LLC bought a new position in Under Armour in the 4th quarter worth approximately $85,000. Finally, HB Wealth Management LLC bought a new position in Under Armour in the 1st quarter worth approximately $88,000. Institutional investors own 34.58% of the company's stock.

Under Armour Stock Down 1.8%

Shares of NYSE:UAA traded down $0.09 during trading on Tuesday, reaching $4.98. The stock had a trading volume of 12,779,903 shares, compared to its average volume of 17,025,460. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. Under Armour, Inc. has a one year low of $4.78 and a one year high of $11.89. The company has a market capitalization of $2.14 billion, a P/E ratio of 22.64, a PEG ratio of 2.36 and a beta of 1.61. The firm's 50-day simple moving average is $6.42 and its 200 day simple moving average is $6.42.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings results 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). The company 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. As a group, research analysts expect that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert John Sweeney purchased 100,000 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was acquired 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 approximately $652,436.48. This represents a 296.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mehri Shadman sold 16,287 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the transaction, the insider directly owned 191,796 shares of the company's stock, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 202,045 shares of company stock valued at $991,000. Insiders own 15.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on UAA shares. BMO Capital Markets dropped their price target on Under Armour from $12.00 to $9.00 and set an "outperform" rating for the company in a research note on Wednesday, May 14th. Citigroup decreased their price objective on Under Armour from $6.00 to $5.50 and set a "neutral" rating on the stock in a report on Monday, August 11th. Telsey Advisory Group cut their target price 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. Evercore ISI lowered their price objective on shares of Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded Under Armour from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Three investment 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.