Insider Buying: Under Armour (NYSE:UA) Major Shareholder Purchases 5,000,000 Shares of Stock

Under Armour, Inc. (NYSE:UA) major shareholder V Prem Et Al Watsa bought 5,000,000 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were acquired at an average price of $5.89 per share, with a total value of $29,450,000.00. Following the transaction, the insider directly owned 18,064,622 shares in the company, valued at approximately $106,400,623.58. The trade was a 38.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, January 20th, V Prem Et Al Watsa acquired 1,769,581 shares of Under Armour stock. The shares were bought at an average cost of $5.62 per share, with a total value of $9,945,045.22.
• On Tuesday, December 30th, V Prem Et Al Watsa bought 13,182,469 shares of Under Armour stock. The stock was bought at an average cost of $5.12 per share, for a total transaction of $67,494,241.28.
• On Monday, December 29th, V Prem Et Al Watsa bought 2,497,826 shares of Under Armour stock. The shares were bought at an average price of $4.66 per share, for a total transaction of $11,639,869.16.
• On Friday, December 26th, V Prem Et Al Watsa bought 1,385,850 shares of Under Armour stock. The shares were bought at an average price of $4.58 per share, with a total value of $6,347,193.00.
• On Wednesday, December 24th, V Prem Et Al Watsa purchased 1,313,881 shares of Under Armour stock. The stock was bought at an average cost of $4.55 per share, with a total value of $5,978,158.55.
• 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 price of $4.51 per share, for a total transaction of $12,381,091.03.
• On Monday, December 22nd, V Prem Et Al Watsa acquired 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 Trading Up 8.1%

NYSE:UA traded up $0.46 during trading hours on Wednesday, hitting $6.09. The stock had a trading volume of 20,782,701 shares, compared to its average volume of 5,720,173. The business’s 50 day moving average is $4.67 and its 200-day moving average is $5.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.10 and a current ratio of 1.69. The company has a market cap of $2.61 billion, a price-to-earnings ratio of -28.99 and a beta of 1.73. Under Armour, Inc. has a one year low of $3.95 and a one year high of $7.85.

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

Hedge Funds Weigh In On Under Armour

A number of large investors have recently bought and sold shares of UA. Laurel Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 3,316 shares during the last quarter. UMB Bank n.a. increased its stake in Under Armour by 361.9% in the 2nd quarter. UMB Bank n.a. now owns 4,102 shares of the company’s stock valued at $27,000 after buying an additional 3,214 shares during the last quarter. AlphaCore Capital LLC bought a new stake in Under Armour during the 3rd quarter worth about $41,000. First Business Financial Services Inc. bought a new stake in Under Armour during the 3rd quarter worth about $48,000. Finally, Keel Point LLC acquired a new position in shares of Under Armour during the 3rd quarter worth about $52,000. Institutional investors and hedge funds own 36.35% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Under Armour in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, 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.