Louisiana State Employees Retirement System Acquires New Stake in Under Armour, Inc. $UAA

Louisiana State Employees Retirement System acquired a new stake in shares of Under Armour, Inc. (NYSE:UAA) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 83,700 shares of the company’s stock, valued at approximately $495,000.

A number of other large investors have also bought and sold shares of the company. Blair William & Co. IL lifted its position in shares of Under Armour by 40.0% during 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. increased its holdings in Under Armour by 202.7% in the 4th quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock worth $42,000 after acquiring an additional 5,662 shares during the last quarter. State of Wyoming purchased a new stake in Under Armour in the 2nd quarter worth about $44,000. Equitable Holdings Inc. bought a new stake in Under Armour in the 4th quarter valued at about $51,000. Finally, Portside Wealth Group LLC bought a new stake in Under Armour in the 4th quarter valued at about $52,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $4.97 per share, for a total transaction of $3,675,419.37. Following the completion of the transaction, the insider owned 44,179,116 shares of the company’s stock, valued at $219,570,206.52. The trade was a 1.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 1,178,344 shares of company stock valued at $5,865,147 over the last quarter. Corporate insiders own 15.60% of the company’s stock.

Under Armour Stock Performance

Shares of UAA opened at $6.49 on Thursday. The stock’s 50-day simple moving average is $5.89 and its 200 day simple moving average is $6.11. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of -5.59, a price-to-earnings-growth ratio of 2.13 and a beta of 1.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.62. Under Armour, Inc. has a 52-week low of $4.13 and a 52-week high of $8.15.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Under Armour had a positive return on equity of 3.01% and a negative net margin of 9.98%.The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) EPS. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q1 2027 guidance at 0.000-0.020 EPS. Research analysts forecast that Under Armour, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

UAA has been the topic of several recent research reports. BNP Paribas Exane dropped their price objective on shares of Under Armour from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Truist Financial lowered their price target on shares of Under Armour from $8.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, May 13th. The Goldman Sachs Group restated a “neutral” rating and set a $6.00 price target on shares of Under Armour in a research note on Wednesday, May 13th. Barclays set a $5.00 price objective on shares of Under Armour and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Finally, Citigroup reiterated a “sell” rating and issued a $4.75 price objective (down from $6.20) on shares of Under Armour in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $5.91.

About Under Armour

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.