Under Armour, Inc. $UAA Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its Under Armour stake by 92.1% in the second quarter, selling 918,899 shares and retaining 78,845 shares valued at approximately $504,000. Institutional investors collectively own 34.58% of the company.
• Under Armour’s latest quarterly results exceeded earnings expectations, with EPS of $0.05 versus a $0.02 estimate, although revenue fell 3.2% year over year to $1.10 billion.
• Analyst sentiment remains cautious: the stock carries an average “Reduce” rating and a $5.77 target price, while shares recently traded at $4.47. CFO Reza Taleghani provided a positive insider signal by purchasing 18,656 shares for roughly $100,183.

Corient Private Wealth LP decreased its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 92.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,845 shares of the company's stock after selling 918,899 shares during the period. Corient Private Wealth LP's holdings in Under Armour were worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in shares of Under Armour by 202.7% in the fourth quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company's stock valued at $42,000 after acquiring an additional 5,662 shares in the last quarter. Essex Financial Services Inc. acquired a new stake in Under Armour during the fourth quarter worth about $63,000. Formidable Asset Management LLC purchased a new stake in shares of Under Armour during the 1st quarter valued at approximately $67,000. Diversify Wealth Management LLC purchased a new stake in Under Armour in the first quarter valued at $76,000. Finally, Florida Financial Advisors LLC increased its position in shares of Under Armour by 23.0% during the 4th quarter. Florida Financial Advisors LLC now owns 17,375 shares of the company's stock worth $84,000 after purchasing an additional 3,254 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Trading Up 4.8%

NYSE:UAA opened at $4.47 on Thursday. Under Armour, Inc. has a 12-month low of $4.13 and a 12-month high of $8.15. The firm has a market cap of $1.92 billion, a PE ratio of -3.89, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. The company has a current ratio of 1.81, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average price of $5.45 and a 200 day moving average price of $5.87.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%.Under Armour's revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 EPS. 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. Sell-side analysts anticipate that Under Armour, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Under Armour

In other news, CFO Reza Taleghani bought 18,656 shares of the business's 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 owned 87,621 shares of the company's stock, valued at approximately $470,524.77. This represents a 27.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 15.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

Under Armour Company Profile

Under Armour, Inc develops, markets and distributes performance apparel, footwear and accessories for athletes and active consumers. Its products are designed for a range of sports and activities and include training and team apparel, athletic shoes, sports bras, outerwear, hats, bags and other accessories. The company markets products under the Under Armour brand, including HeatGear, ColdGear and other performance-oriented product lines.

Founded in 1996 by Kevin Plank, Under Armour initially gained recognition for moisture-wicking performance shirts before expanding into a broader athletic apparel and footwear business.

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