Vanguard Group Inc. Sells 103,735 Shares of Under Armour, Inc. $UA

Key Points

• Vanguard Group Inc. has reduced its stake in Under Armour by 0.6%, owning approximately 16.19 million shares valued at $96.34 million as of the latest SEC filing.
• Several other institutional investors, including Nuveen Asset Management LLC and Bank of America Corp, significantly increased their holdings in Under Armour during the 4th quarter, indicating growing interest from institutional investors.
• Under Armour reported $0.02 earnings per share for the recent quarter, equal to analyst expectations, but fell short of revenue expectations with $1.13 billion reported against an anticipated $1.36 billion.

Vanguard Group Inc. reduced its position in Under Armour, Inc. (NYSE:UA - Free Report) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,190,826 shares of the company's stock after selling 103,735 shares during the period. Vanguard Group Inc. owned about 3.77% of Under Armour worth $96,335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new position in Under Armour in the 1st quarter worth approximately $80,000. Cetera Investment Advisers grew its position in Under Armour by 21.5% in the 1st quarter. Cetera Investment Advisers now owns 26,452 shares of the company's stock worth $157,000 after purchasing an additional 4,686 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Under Armour in the 1st quarter worth approximately $78,000. Concurrent Investment Advisors LLC grew its position in Under Armour by 152.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 51,311 shares of the company's stock worth $305,000 after purchasing an additional 31,011 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in Under Armour in the 1st quarter worth approximately $118,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Robert John Sweeney bought 100,000 shares of the business'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 transaction, the director owned 133,696 shares in the company, valued at approximately $652,436.48. This trade represents a 296.77% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dawn N. Fitzpatrick bought 100,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was bought at an average cost of $4.93 per share, with a total value of $493,000.00. Following the transaction, the director owned 133,696 shares in the company, 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 quarter, insiders purchased 202,045 shares of company stock valued at $991,000. Company insiders own 15.60% of the company's stock.

Under Armour Stock Performance

NYSE:UA traded down $0.10 during trading hours on Tuesday, reaching $4.92. The company had a trading volume of 7,118,027 shares, compared to its average volume of 4,079,527. 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 52 week low of $4.62 and a 52 week high of $10.62. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 22.36 and a beta of 1.54. The firm's 50 day moving average price is $6.13 and its 200-day moving average price is $6.07.

Under Armour (NYSE:UA - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. 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 the consensus estimate of $1.36 billion. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.