Under Armour, Inc. $UAA Stake Boosted by State Street Corp

Key Points

• State Street increased its Under Armour stake by 27.8% in the second quarter, acquiring 1.67 million additional shares for a total of 7.68 million shares, or about 1.79% of the company.
• Analyst sentiment remains cautious: Under Armour has a consensus rating of “Reduce” and an average price target of $5.77, with recent ratings ranging from “Buy” to “Sell.”
• Under Armour beat quarterly EPS expectations, reporting $0.05 versus the $0.02 consensus estimate, but revenue declined 3.2% year over year to $1.10 billion; shares opened at $4.50, near their 52-week low.

State Street Corp increased its position in Under Armour, Inc. (NYSE:UAA - Free Report) by 27.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,682,658 shares of the company's stock after acquiring an additional 1,669,312 shares during the period. State Street Corp owned about 1.79% of Under Armour worth $49,092,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UAA. Hantz Financial Services Inc. boosted its position in Under Armour by 202.7% in the fourth quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company's stock worth $42,000 after purchasing an additional 5,662 shares during the last quarter. Formidable Asset Management LLC purchased a new stake in shares of Under Armour during the 1st quarter valued at about $67,000. Diversify Wealth Management LLC purchased a new stake in shares of Under Armour during the 1st quarter valued at about $76,000. Essex Financial Services Inc. bought a new position in shares of Under Armour in the 4th quarter worth approximately $63,000. Finally, Nykredit A S bought a new position in shares of Under Armour in the 2nd quarter worth approximately $105,000. Hedge funds and other institutional investors own 34.58% of the company's stock.

Analyst Ratings Changes

UAA has been the subject of several recent research reports. 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 price target on shares of Under Armour and gave the stock an "equal weight" rating in a research report on Thursday, September 10th. UBS Group set a $9.00 price target on shares of Under Armour and gave the stock a "buy" rating in a research note on Monday, August 10th. Truist Financial boosted their price objective on shares of Under Armour from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded Under Armour from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $5.77.

Under Armour Price Performance

Shares of NYSE:UAA opened at $4.50 on Friday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of -3.91, a P/E/G ratio of 1.75 and a beta of 1.62. The firm has a fifty day moving average price of $5.68 and a 200 day moving average price of $5.93. Under Armour, Inc. has a fifty-two week low of $4.13 and a fifty-two week 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 announced its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 negative net margin of 9.99% and a positive return on equity of 4.04%. Under Armour's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, sell-side analysts expect that Under Armour, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Reza Taleghani bought 18,656 shares of Under Armour stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $5.37 per share, with a total value of $100,182.72. Following the completion of the acquisition, the chief financial officer 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.70% of the company's stock.

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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