Under Armour, Inc. $UAA Shares Newly Purchased by Transmarket Holdings LP

Key Points

• Transmarket Holdings LP purchased 1.05 million Under Armour shares worth approximately $4.7 million, making UAA its 10th-largest holding and representing 2.6% of its portfolio.
• Institutional ownership remains significant at 34.58%, with several funds—including Dimensional Fund Advisors, State Street and Group One Trading—recently increasing their positions.
• Analyst sentiment is mostly cautious: UAA has an average “Reduce” rating and a $5.69 price target. The company beat quarterly EPS estimates, but revenue declined 3.2% year over year and the stock opened at $4.75.

Transmarket Holdings LP purchased a new position in Under Armour, Inc. (NYSE:UAA - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,049,607 shares of the company's stock, valued at approximately $4,681,000. Under Armour makes up about 2.6% of Transmarket Holdings LP's portfolio, making the stock its 10th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Under Armour by 17.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,531,173 shares of the company's stock valued at $50,416,000 after purchasing an additional 1,285,384 shares in the last quarter. State Street Corp raised its position in shares of Under Armour by 27.8% in the 2nd quarter. State Street Corp now owns 7,682,658 shares of the company's stock valued at $49,092,000 after purchasing an additional 1,669,312 shares in the last quarter. Group One Trading LLC boosted its stake in shares of Under Armour by 378.3% during the 1st quarter. Group One Trading LLC now owns 1,568,227 shares of the company's stock valued at $9,268,000 after buying an additional 2,131,642 shares during the last quarter. Credit Industriel ET Commercial purchased a new position in shares of Under Armour during the 1st quarter valued at approximately $9,080,000. Finally, Quantinno Capital Management LP boosted its stake in shares of Under Armour by 100.9% during the 1st quarter. Quantinno Capital Management LP now owns 1,226,299 shares of the company's stock valued at $7,247,000 after buying an additional 615,828 shares during the last quarter. Hedge funds and other institutional investors own 34.58% of the company's stock.

Analyst Upgrades and Downgrades

UAA has been the subject of a number of recent analyst reports. Truist Financial raised their price target on shares of Under Armour from $5.00 to $6.00 and gave the stock a "hold" rating in a research report on Monday, August 10th. Barclays cut shares of Under Armour from an "equal weight" rating to an "underweight" rating and set a $5.00 price target on the stock. in a report on Tuesday, August 11th. UBS Group reiterated a "buy" rating and set a $8.00 price objective (down from $9.00) on shares of Under Armour in a research note on Wednesday. Morgan Stanley set a $4.00 price objective on shares of Under Armour and gave the stock an "equal weight" rating in a report on Thursday, September 10th. Finally, Weiss Ratings raised shares of Under Armour from a "sell (d-)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $5.69.

Insider Transactions at Under Armour

In other news, CFO Reza Taleghani acquired 18,656 shares of Under Armour stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $5.37 per share, for a total transaction of $100,182.72. Following the completion of the purchase, the chief financial officer directly owned 87,621 shares of the company's stock, valued at $470,524.77. This trade represents a 27.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 15.70% of the stock is owned by company insiders.

Under Armour Trading Up 1.6%

Shares of NYSE UAA opened at $4.75 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.81 and a debt-to-equity ratio of 0.41. The stock's 50 day moving average price is $4.88 and its two-hundred day moving average price is $5.94. Under Armour, Inc. has a 52-week low of $4.13 and a 52-week high of $8.15. The stock has a market capitalization of $2.04 billion, a P/E ratio of -4.13, a PEG ratio of 1.76 and a beta of 1.62.

Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $0.02 EPS. The business's revenue 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, analysts anticipate that Under Armour, Inc. will post 0.10 earnings per share for the current fiscal year.

Under Armour Company Profile

Under Armour, Inc develops, markets and distributes performance apparel, footwear and accessories under the Under Armour brand. Its products are designed for athletes and active consumers and include training and competition apparel, sports bras, outerwear, athletic shoes, bags, headwear and other accessories. The company's product technologies include fabric and footwear platforms such as HeatGear, ColdGear, HOVR and UA Flow.

Under Armour sells its products through wholesale distributors and retailers, as well as through its own brand and factory stores and digital commerce platforms.

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