T. Rowe Price Investment Management Inc. Purchases 586,183 Shares of Under Armour, Inc. $UAA

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 Under Armour, Inc. (NYSE:UAA - Free Report) by 17.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,997,850 shares of the company's stock after buying an additional 586,183 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.93% of Under Armour worth $24,987,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of UAA. Cerity Partners LLC acquired a new stake in Under Armour in the 1st quarter valued at approximately $66,000. Motley Fool Asset Management LLC acquired a new stake in Under Armour in the 1st quarter valued at approximately $68,000. LGT Group Foundation acquired a new stake in Under Armour in the 1st quarter valued at approximately $70,000. Vident Advisory LLC acquired a new stake in Under Armour in the 4th quarter valued at approximately $85,000. Finally, HB Wealth Management LLC acquired a new stake in Under Armour in the 1st quarter valued at approximately $88,000. Institutional investors and hedge funds own 34.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on UAA shares. JPMorgan Chase & Co. dropped their target price on Under Armour from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Friday, August 8th. Wells Fargo & Company boosted their price target on Under Armour from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Robert W. Baird lowered their price target on Under Armour from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. 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 research report on Monday, August 11th. Finally, Evercore ISI lowered their price target on Under Armour from $7.00 to $6.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 14th. Three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $6.74.

Insider Activity at Under Armour

In related news, insider Mehri Shadman sold 16,287 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total value of $100,002.18. Following the completion of the sale, the insider directly owned 191,796 shares in the company, valued at $1,177,627.44. The trade was a 7.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert John Sweeney purchased 100,000 shares of Under Armour stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average price of $4.88 per share, with a total value of $488,000.00. Following the completion of the purchase, the director directly owned 133,696 shares in the company, valued at $652,436.48. This trade represents a 296.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 202,045 shares of company stock worth $991,000 in the last ninety days. 15.60% of the stock is owned by company insiders.

Under Armour Stock Performance

Shares of NYSE UAA traded down $0.03 during midday trading on Friday, hitting $5.00. 2,333,991 shares of the company's stock were exchanged, compared to its average volume of 13,244,886. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. Under Armour, Inc. has a 12 month low of $4.78 and a 12 month high of $11.89. The company's 50 day moving average price is $6.38 and its 200 day moving average price is $6.39. The firm has a market capitalization of $2.14 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.35 and a beta of 1.61.

Under Armour (NYSE:UAA - Get Free Report) last issued 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). Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The business's revenue was down 4.2% compared to the same quarter last year. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. As a group, analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

About Under Armour

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.