Under Armour, Inc. $UAA Shares Acquired by Vontobel Holding Ltd.

Key Points

• Vontobel Holding increased its Under Armour stake by 446.9% in the third quarter, acquiring 685,949 additional shares for a total holding of 839,441 shares valued at approximately $3.74 million.
• Analyst sentiment remains cautious: Under Armour has an average “Reduce” rating and a consensus price target of $5.77, with ratings ranging from Strong Buy to Sell.
• Under Armour shares opened at $4.75, while the company reported quarterly EPS of $0.05—above estimates—but revenue fell 3.2% year over year to $1.10 billion and net margin remained negative.

Vontobel Holding Ltd. lifted its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 446.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 839,441 shares of the company's stock after acquiring an additional 685,949 shares during the quarter. Vontobel Holding Ltd. owned 0.20% of Under Armour worth $3,744,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in UAA. Versant Capital Management Inc raised its stake in shares of Under Armour by 94.1% in the 3rd quarter. Versant Capital Management Inc now owns 6,155 shares of the company's stock valued at $27,000 after purchasing an additional 2,984 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Under Armour by 134.5% in the third quarter. Farther Finance Advisors LLC now owns 7,061 shares of the company's stock worth $31,000 after purchasing an additional 4,050 shares during the period. Fortitude Family Office LLC raised its holdings in shares of Under Armour by 2,744.0% during the third quarter. Fortitude Family Office LLC now owns 7,821 shares of the company's stock worth $35,000 after purchasing an additional 7,546 shares during the period. Formidable Asset Management LLC bought a new position in shares of Under Armour in the 1st quarter worth about $67,000. Finally, Diversify Wealth Management LLC bought a new position in Under Armour in the first quarter worth about $76,000. 34.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on UAA shares. Weiss Ratings raised shares of Under Armour from a "sell (d-)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. UBS Group set a $9.00 price target on Under Armour and gave the company a "buy" rating in a report on Monday, August 10th. Barclays lowered shares of Under Armour from an "equal weight" rating to an "underweight" rating and set a $5.00 target price for the company. in a research report on Tuesday, August 11th. Morgan Stanley set a $4.00 target price on Under Armour and gave the stock an "equal weight" rating in a report on Thursday, September 10th. Finally, Truist Financial lifted their price target on Under Armour from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Under Armour has an average rating of "Reduce" and an average price target of $5.77.

Under Armour Stock Up 0.3%

Under Armour stock opened at $4.75 on Monday. The firm's 50 day moving average price is $4.98 and its two-hundred day moving average price is $5.76. The firm has a market cap of $2.04 billion, a PE ratio of -4.13, a P/E/G ratio of 1.76 and a beta of 1.62. Under Armour, Inc. has a twelve month low of $4.13 and a twelve month high of $8.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.81.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Under Armour had a negative net margin of 9.99% and a positive return on equity of 4.04%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the company posted $0.02 earnings per share. Under Armour's revenue for the quarter was down 3.2% on a year-over-year basis. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030--0.010 EPS. On average, research analysts predict that Under Armour, Inc. will post 0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Under Armour news, CFO Reza Taleghani bought 18,656 shares of Under Armour stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $5.37 per share, with a total value of $100,182.72. Following the acquisition, the chief financial officer directly owned 87,621 shares of the company's stock, valued at $470,524.77. The trade was a 27.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.70% of the stock is owned by company insiders.

Under Armour Profile

Under Armour, Inc is a performance apparel, footwear and accessories company headquartered in Baltimore, Maryland. Founded in 1996 by Kevin Plank, the company developed an early reputation for moisture-wicking athletic apparel designed to help athletes stay cool, dry and comfortable during training and competition.

Under Armour offers products for a broad range of sports and activities, including running, training, basketball, golf and outdoor recreation. Its portfolio includes athletic shirts, shorts, leggings, outerwear, footwear, bags and other accessories, sold under the Under Armour brand as well as select product lines associated with athletes and sports partnerships, including the Curry Brand basketball business.

The company sells its products through wholesale partners, its own brand and factory stores, and digital commerce channels.

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