Invesco Ltd. Boosts Stake in Under Armour, Inc. $UAA

Key Points

• Invesco Ltd. increased its stake in Under Armour, Inc. by 17.6% during the first quarter, owning a total of 627,402 shares valued at approximately $3.9 million.
• Several large investors, including Alyeska Investment Group and UBS Asset Management, significantly boosted their positions in Under Armour during the recent quarters, with some increasing stakes by over 279%.
• Under Armour's recent quarterly earnings report showed a net margin of 1.99% and a slight year-over-year revenue decline of 4.2%, with earnings per share falling short of analyst expectations.

Invesco Ltd. increased its holdings in Under Armour, Inc. (NYSE:UAA - Free Report) by 17.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 627,402 shares of the company's stock after purchasing an additional 93,741 shares during the period. Invesco Ltd. owned approximately 0.15% of Under Armour worth $3,921,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Mariner LLC boosted its position in Under Armour by 10.0% during the 4th quarter. Mariner LLC now owns 17,006 shares of the company's stock valued at $141,000 after buying an additional 1,552 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Under Armour by 0.4% during the first quarter. Principal Financial Group Inc. now owns 435,307 shares of the company's stock valued at $2,721,000 after buying an additional 1,888 shares during the last quarter. Beacon Pointe Advisors LLC grew its holdings in shares of Under Armour by 10.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 21,470 shares of the company's stock valued at $178,000 after buying an additional 2,080 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Under Armour by 12.0% during the first quarter. PNC Financial Services Group Inc. now owns 26,694 shares of the company's stock valued at $167,000 after purchasing an additional 2,868 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in Under Armour by 4.6% during the first quarter. Yousif Capital Management LLC now owns 68,911 shares of the company's stock valued at $431,000 after buying an additional 3,024 shares during the period. Hedge funds and other institutional investors own 34.58% of the company's stock.

Under Armour Stock Performance

UAA traded down $0.04 on Monday, reaching $4.99. The stock had a trading volume of 10,523,817 shares, compared to its average volume of 17,889,056. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. The business's 50-day moving average price is $6.34 and its two-hundred day moving average price is $6.37. The company has a market cap of $2.14 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 2.33 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 analysts' consensus estimates of $0.03 by ($0.01). Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same period in the previous year, the firm posted $0.01 EPS. The firm's quarterly revenue was down 4.2% on a year-over-year basis. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS. Sell-side analysts forecast that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Under Armour from $6.00 to $5.00 and set an "underweight" rating for the company in a research report on Friday, August 8th. Robert W. Baird decreased their target price on shares of Under Armour from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Under Armour from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Telsey Advisory Group reduced their price objective on shares of 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, Bank of America dropped their target price on shares of Under Armour from $8.00 to $6.50 and set a "neutral" rating on the stock in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $6.74.

Insider Transactions at Under Armour

In other Under Armour news, Director Dawn N. Fitzpatrick purchased 100,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $4.93 per share, for a total transaction of $493,000.00. Following the completion of the transaction, the director owned 133,696 shares of the company's stock, valued at $659,121.28. The trade was a 296.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mehri Shadman sold 16,287 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total transaction of $100,002.18. Following the transaction, the insider owned 191,796 shares in the company, valued at $1,177,627.44. The trade was a 7.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased 202,045 shares of company stock valued at $991,000 over the last 90 days. Corporate insiders own 15.60% of the company's stock.

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.