Insider Buying: Under Armour (NYSE:UA) Major Shareholder Buys 1,313,881 Shares of Stock

Under Armour, Inc. (NYSE:UA) major shareholder V Prem Et Al Watsa acquired 1,313,881 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was purchased at an average price of $4.55 per share, for a total transaction of $5,978,158.55. Following the completion of the acquisition, the insider owned 27,691,049 shares in the company, valued at $125,994,272.95. The trade was a 4.98% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

V Prem Et Al Watsa also recently made the following trade(s):

• On Monday, December 29th, V Prem Et Al Watsa bought 2,497,826 shares of Under Armour stock. The shares were purchased at an average cost of $4.66 per share, with a total value of $11,639,869.16.
• On Friday, December 26th, V Prem Et Al Watsa bought 1,385,850 shares of Under Armour stock. The stock was purchased at an average price of $4.58 per share, for a total transaction of $6,347,193.00.
• On Tuesday, December 23rd, V Prem Et Al Watsa purchased 2,745,253 shares of Under Armour stock. The stock was purchased at an average cost of $4.51 per share, for a total transaction of $12,381,091.03.
• On Monday, December 22nd, V Prem Et Al Watsa purchased 7,739,154 shares of Under Armour stock. The shares were purchased at an average price of $4.48 per share, with a total value of $34,671,409.92.

Under Armour Price Performance

NYSE UA traded up $0.12 during mid-day trading on Monday, hitting $4.55. The stock had a trading volume of 4,948,351 shares, compared to its average volume of 4,696,758. The firm’s 50 day moving average is $4.35 and its 200 day moving average is $5.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.69 and a quick ratio of 1.10. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -21.64 and a beta of 1.74. Under Armour, Inc. has a twelve month low of $3.95 and a twelve month high of $7.85.

Under Armour (NYSE:UA) last released its earnings results on Thursday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Under Armour had a negative net margin of 1.74% and a positive return on equity of 1.27%. Under Armour has set its FY 2026 guidance at 0.030-0.050 EPS.

Institutional Investors Weigh In On Under Armour

Hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG raised its stake in Under Armour by 74.9% during the first quarter. Deutsche Bank AG now owns 36,026 shares of the company’s stock worth $214,000 after purchasing an additional 15,433 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Under Armour by 7.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 48,211 shares of the company’s stock valued at $287,000 after buying an additional 3,199 shares during the period. Trexquant Investment LP acquired a new stake in shares of Under Armour during the 1st quarter worth approximately $5,122,000. Federation des caisses Desjardins du Quebec raised its position in shares of Under Armour by 8.3% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 236,522 shares of the company’s stock valued at $1,407,000 after buying an additional 18,109 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Under Armour by 247.3% during the 1st quarter. AQR Capital Management LLC now owns 98,632 shares of the company’s stock valued at $587,000 after buying an additional 70,231 shares during the period. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Under Armour in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Under Armour has a consensus rating of “Sell”.

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.