Wealth Enhancement Advisory Services LLC Buys 81,067 Shares of Under Armour, Inc. $UAA

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Under Armour, Inc. (NYSE: UAA) by 453.3% during the second quarter, acquiring an additional 81,067 shares to total 98,952 shares valued at $704,000.
• Insider trading activities revealed that Director Dawn N. Fitzpatrick and Director Robert John Sweeney each purchased 100,000 shares of Under Armour stock at prices around $4.93 and $4.88 per share, indicating significant confidence in the company's prospects.
• Under Armour reported $1.13 billion in revenue for the recent quarter, with earnings per share of $0.02, falling short of the consensus estimate of $0.03.

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Under Armour, Inc. (NYSE:UAA - Free Report) by 453.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,952 shares of the company's stock after buying an additional 81,067 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Under Armour were worth $704,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of UAA. Principal Financial Group Inc. raised its holdings in shares of Under Armour by 0.4% in the first quarter. Principal Financial Group Inc. now owns 435,307 shares of the company's stock valued at $2,721,000 after purchasing an additional 1,888 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Under Armour by 12.0% during the first quarter. PNC Financial Services Group Inc. now owns 26,694 shares of the company's stock worth $167,000 after purchasing an additional 2,868 shares during the period. Yousif Capital Management LLC boosted its position in shares of Under Armour by 4.6% in the first quarter. Yousif Capital Management LLC now owns 68,911 shares of the company's stock valued at $431,000 after acquiring an additional 3,024 shares during the period. Federated Hermes Inc. boosted its position in shares of Under Armour by 1.6% in the first quarter. Federated Hermes Inc. now owns 195,512 shares of the company's stock valued at $1,222,000 after acquiring an additional 3,073 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Under Armour by 620.7% in the second quarter. Parallel Advisors LLC now owns 3,892 shares of the company's stock valued at $27,000 after acquiring an additional 3,352 shares during the period. Institutional investors and hedge funds own 34.58% of the company's stock.

Insider Buying and Selling

In other news, Director Dawn N. Fitzpatrick acquired 100,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $4.93 per share, with a total value of $493,000.00. Following the purchase, the director directly owned 133,696 shares of the company's stock, valued at approximately $659,121.28. This trade represents 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, Director Robert John Sweeney purchased 100,000 shares of the company's stock in a transaction on Thursday, August 21st. The shares were bought at an average cost of $4.88 per share, with a total value of $488,000.00. Following the transaction, the director directly owned 133,696 shares of the company's stock, valued at $652,436.48. This represents a 296.77% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 202,045 shares of company stock valued at $991,000 over the last ninety days. 15.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UAA has been the subject of a number of recent analyst reports. Rothschild Redb lowered Under Armour from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Bank of America cut their price objective on Under Armour from $8.00 to $6.50 and set a "neutral" rating for the company in a research note on Monday, August 11th. Citigroup cut their price objective on shares of Under Armour from $6.00 to $5.50 and set a "neutral" rating for the company in a report on Monday, August 11th. The Goldman Sachs Group started coverage on shares of Under Armour in a report on Wednesday, July 2nd. They set a "neutral" rating and a $7.00 price objective for the company. Finally, Cfra Research upgraded Under Armour from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $6.70.

Under Armour Stock Down 0.9%

Under Armour stock opened at $5.05 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. Under Armour, Inc. has a 12 month low of $4.72 and a 12 month high of $11.89. The stock has a market capitalization of $2.16 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 4.28 and a beta of 1.76. The business has a 50 day simple moving average of $5.33 and a 200-day simple moving average of $6.02.

Under Armour (NYSE:UAA - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company posted $0.01 EPS. Under Armour's 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. On average, analysts anticipate that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Under Armour Company Profile

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.

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