Hsbc Holdings PLC Decreases Stock Position in Under Armour, Inc. $UAA

Hsbc Holdings PLC cut its position in Under Armour, Inc. (NYSE:UAA) by 32.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,238 shares of the company’s stock after selling 108,125 shares during the quarter. Hsbc Holdings PLC owned about 0.05% of Under Armour worth $1,342,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Credit Industriel ET Commercial purchased a new stake in Under Armour in the 1st quarter worth about $9,080,000. Ascentis Independent Advisors lifted its holdings in Under Armour by 57.6% during the first quarter. Ascentis Independent Advisors now owns 121,983 shares of the company’s stock valued at $721,000 after purchasing an additional 44,605 shares during the last quarter. Praxis Investment Management Inc. purchased a new stake in Under Armour during the first quarter valued at about $123,000. HB Wealth Management LLC boosted its position in Under Armour by 31.8% during the first quarter. HB Wealth Management LLC now owns 21,042 shares of the company’s stock worth $124,000 after purchasing an additional 5,074 shares during the period. Finally, Optas LLC boosted its position in Under Armour by 13.9% during the first quarter. Optas LLC now owns 44,900 shares of the company’s stock worth $265,000 after purchasing an additional 5,495 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder V Prem Et Al Watsa purchased 739,521 shares of Under Armour stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $4.97 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have acquired 1,178,344 shares of company stock valued at $5,865,147. 15.70% of the stock is owned by company insiders.

Under Armour Trading Up 0.8%

Shares of Under Armour stock opened at $7.08 on Tuesday. The company’s 50-day moving average price is $6.20 and its 200-day moving average price is $6.30. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Under Armour, Inc. has a 12-month low of $4.13 and a 12-month high of $8.15. The company has a market cap of $3.02 billion, a price-to-earnings ratio of -6.11, a PEG ratio of 2.32 and a beta of 1.67.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Under Armour had a negative net margin of 9.98% and a positive return on equity of 3.01%. Under Armour’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) earnings per share. 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. On average, equities analysts expect that Under Armour, Inc. will post 0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UAA. Wall Street Zen raised shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. BNP Paribas Exane cut their price objective on shares of Under Armour from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Zacks Research lowered shares of Under Armour from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Under Armour in a report on Tuesday, July 21st. Finally, Citigroup restated a “sell” rating and set a $4.75 target price (down from $6.20) on shares of Under Armour in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $5.91.

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.