Under Armour, Inc. (NYSE:UAA – Get Free Report) major shareholder V Prem Et Al Watsa acquired 739,521 shares of Under Armour stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $4.97 per share, with a total value of $3,675,419.37. Following the transaction, the insider owned 44,179,116 shares of the company’s stock, valued at approximately $219,570,206.52. The trade was a 1.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 Thursday, May 14th, V Prem Et Al Watsa bought 100 shares of Under Armour stock. The stock was purchased at an average cost of $5.00 per share, for a total transaction of $500.00.
- On Tuesday, May 12th, V Prem Et Al Watsa purchased 438,723 shares of Under Armour stock. The shares were purchased at an average cost of $4.99 per share, with a total value of $2,189,227.77.
Under Armour Stock Down 0.5%
Shares of NYSE UAA traded down $0.03 during trading hours on Thursday, hitting $5.09. The stock had a trading volume of 10,631,482 shares, compared to its average volume of 8,899,275. The company has a market capitalization of $2.17 billion, a P/E ratio of -4.38, a P/E/G ratio of 3.40 and a beta of 1.73. The firm’s 50-day moving average price is $6.16 and its two-hundred day moving average price is $5.74. Under Armour, Inc. has a 52 week low of $4.13 and a 52 week high of $8.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.62.
Institutional Trading of Under Armour
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blair William & Co. IL grew its holdings in Under Armour by 40.0% in the 4th quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock valued at $26,000 after buying an additional 1,476 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Under Armour by 202.7% in the fourth quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock valued at $42,000 after acquiring an additional 5,662 shares during the period. State of Wyoming bought a new stake in shares of Under Armour in the second quarter valued at approximately $44,000. Uhlmann Price Securities LLC acquired a new stake in shares of Under Armour in the third quarter worth $46,000. Finally, LRI Investments LLC acquired a new stake in shares of Under Armour in the third quarter worth $50,000. Institutional investors and hedge funds own 34.58% of the company’s stock.
Analysts Set New Price Targets
Several research firms have commented on UAA. BNP Paribas Exane lowered their target price on shares of Under Armour from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wall Street Zen raised Under Armour from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Robert W. Baird set a $8.00 price objective on Under Armour in a research note on Monday, February 9th. Argus upgraded Under Armour to a “hold” rating in a report on Friday, January 16th. Finally, Barclays set a $5.00 target price on Under Armour and gave the stock an “equal weight” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Under Armour presently has an average rating of “Reduce” and an average price target of $5.91.
Read Our Latest Stock Analysis on Under Armour
Trending Headlines about Under Armour
Here are the key news stories impacting Under Armour this week:
- Negative Sentiment: Stifel downgraded Under Armour, adding to a broader shift in Wall Street sentiment that suggests less confidence in the company’s near-term recovery. Stifel downgrades Under Armour (UAA)
- Negative Sentiment: BNP Paribas Exane and Truist both cut their price targets to $5.00, signaling expectations for limited upside from current levels. Under Armour (NYSE:UAA) Price Target Cut to $5.00 by Analysts at BNP Paribas Exane Under Armour (NYSE:UAA) Given New $5.00 Price Target at Truist Financial
- Negative Sentiment: Zacks Research downgraded the stock from “strong-buy” to “hold,” reinforcing the cautious tone around the name. Zacks.com
- Negative Sentiment: Several recent articles highlight slowing growth, declining sales, and pressure from shifts in the retail market, which may be weighing on investor sentiment. Is Under Armour Facing Slower Growth in NYSE Composite Trends? Under Armour stock plummets as sales continue to decline
- Neutral Sentiment: Some commentary remains mixed, with one analysis suggesting a possible turnaround and another noting conflicting analyst opinions across consumer cyclical stocks. Jim Cramer on Under Armour: “I Think the Turnaround Is Here” Analysts Have Conflicting Sentiments…
Under Armour Company Profile
Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.
Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.
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