Under Armour, Inc. (NYSE:UAA – Get Free Report) major shareholder V Prem Et Al Watsa bought 739,521 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $4.97 per share, with a total value of $3,675,419.37. Following the transaction, the insider directly owned 44,179,116 shares of the company’s stock, valued at approximately $219,570,206.52. This trade represents a 1.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 shares were bought at an average cost of $5.00 per share, with a total value of $500.00.
- On Tuesday, May 12th, V Prem Et Al Watsa bought 438,723 shares of Under Armour stock. The shares were bought 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 Under Armour stock opened at $5.09 on Friday. The stock has a market capitalization of $2.17 billion, a P/E ratio of -4.38, a PEG ratio of 3.40 and a beta of 1.73. The company has a quick ratio of 0.92, a current ratio of 1.62 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $6.16 and a two-hundred day moving average price of $5.74. Under Armour, Inc. has a 12-month low of $4.13 and a 12-month high of $8.15.
Analyst Ratings Changes
UAA has been the subject of a number of research analyst reports. Truist Financial cut their price target on Under Armour from $8.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday. Argus upgraded Under Armour to a “hold” rating in a report on Friday, January 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Under Armour in a report on Friday, April 24th. Citigroup reiterated a “sell” rating and set a $4.75 price target (down from $6.20) on shares of Under Armour in a report on Wednesday. Finally, Telsey Advisory Group cut their price target on Under Armour from $6.00 to $5.50 and set a “market perform” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $5.91.
Get Our Latest Analysis on UAA
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Blair William & Co. IL lifted its position in Under Armour by 40.0% in the fourth quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock worth $26,000 after purchasing an additional 1,476 shares during the period. Hantz Financial Services Inc. lifted its position in Under Armour by 202.7% in the fourth quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock worth $42,000 after purchasing an additional 5,662 shares during the period. State of Wyoming bought a new position in Under Armour in the second quarter worth $44,000. Uhlmann Price Securities LLC bought a new position in Under Armour in the third quarter worth $46,000. Finally, LRI Investments LLC bought a new position in Under Armour in the third quarter worth $50,000. 34.58% of the stock is owned by institutional investors.
Key Headlines Impacting Under Armour
Here are the key news stories impacting Under Armour this week:
- Negative Sentiment: Several analysts cut their outlook on Under Armour, including Truist Financial and BNP Paribas Exane, both lowering price targets to $5.00, while Zacks Research downgraded the stock from strong-buy to hold. These moves suggest Wall Street sees limited upside and ongoing pressure on the company’s turnaround. Article Title
- Negative Sentiment: Additional articles and analyst commentary highlighted slowing sales, brand-reset challenges, and pressure from shifting retail trends, reinforcing concerns that Under Armour’s growth recovery may take longer than investors hoped.
- Neutral Sentiment: Telsey Advisory Group also trimmed its price target to $5.50 and kept a market-perform view, which is still cautious even though it implies some upside from current levels.
- Positive Sentiment: Major shareholder V Prem Et Al Watsa bought more Under Armour shares in multiple SEC-disclosed transactions, including a larger purchase of 739,521 shares at about $4.97 each. Insider buying can signal confidence in the company’s long-term value and help support the stock. Article Title
- Neutral Sentiment: Truist’s reiterated hold rating and Jim Cramer’s upbeat “turnaround is here” comments add to the mixed narrative, but they have not been strong enough to offset the broader analyst downgrades.
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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