Vanguard Group Inc. Lowers Holdings in Under Armour, Inc. $UA

Key Points

• Vanguard Group trimmed its stake in Under Armour by 1.9%, selling 293,201 shares and leaving it with 14,898,400 shares (about 3.47% of the company) valued at roughly $71.96 million.
• Major shareholder V. Prem Watsa bought 1,112,119 shares at $6.21 on Jan. 28, raising his holdings to 43,000,872 shares, and insiders have acquired ~42.45 million shares over the past 90 days (insiders now own ~15.6%).
• Wall Street sentiment is weak with a consensus "Sell" rating (Citigroup recently cut to "strong sell"), even though Under Armour beat quarterly EPS ($0.09) and revenue ($1.33B); the stock trades near $6.41 with a market cap of ~$2.73B and a 12‑month range of $3.95–$7.91.

Vanguard Group Inc. trimmed its stake in shares of Under Armour, Inc. (NYSE:UA - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,898,400 shares of the company's stock after selling 293,201 shares during the period. Vanguard Group Inc. owned about 3.47% of Under Armour worth $71,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Laurel Wealth Advisors LLC lifted its holdings in Under Armour by 549.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company's stock valued at $25,000 after acquiring an additional 3,316 shares during the period. First Business Financial Services Inc. acquired a new stake in shares of Under Armour during the 3rd quarter worth approximately $48,000. Cerity Partners LLC acquired a new stake in shares of Under Armour during the 2nd quarter worth approximately $65,000. Sugar Maple Asset Management LLC purchased a new position in shares of Under Armour during the 2nd quarter valued at approximately $68,000. Finally, ABC Arbitrage SA purchased a new position in shares of Under Armour during the 3rd quarter valued at approximately $56,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder V Prem Et Al Watsa acquired 1,112,119 shares of Under Armour stock in a transaction on Wednesday, January 28th. The stock was bought at an average cost of $6.21 per share, for a total transaction of $6,906,258.99. Following the completion of the transaction, the insider owned 43,000,872 shares of the company's stock, valued at approximately $267,035,415.12. The trade was a 2.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have acquired 42,448,155 shares of company stock valued at $219,067,338. 15.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Citigroup downgraded shares of Under Armour from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Under Armour in a report on Monday, December 29th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Under Armour presently has a consensus rating of "Sell".

Under Armour Stock Down 2.1%

Shares of UA opened at $6.41 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. Under Armour, Inc. has a 12 month low of $3.95 and a 12 month high of $7.91. The stock's 50 day moving average is $6.29 and its two-hundred day moving average is $5.17. The firm has a market cap of $2.73 billion, a P/E ratio of -5.25 and a beta of 1.68.

Under Armour (NYSE:UA - Get Free Report) last announced its earnings results on Friday, February 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.11. Under Armour had a positive return on equity of 1.48% and a negative net margin of 10.44%.The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.16 billion. Under Armour has set its FY 2026 guidance at 0.10-0.110 EPS.

Under Armour Company Profile

Under Armour, Inc is a global designer, marketer and distributor of branded performance apparel, footwear and accessories. The company's product portfolio spans a wide range of athletic categories, including running, training, basketball, outdoor and golf, with specialized lines for men, women and youth. Under Armour emphasizes innovative fabrics and technologies designed to enhance athletic performance, such as moisture-wicking HeatGear®, cold-weather ColdGear® and UV-protective UA Tech™ materials.

The company was founded in 1996 by former University of Maryland football captain Kevin Plank, who sought to create a superior moisture-wicking T-shirt to keep athletes cool and dry.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.