Jupiter Asset Management Ltd. Buys 1,493,327 Shares of Under Armour, Inc. $UAA

Jupiter Asset Management Ltd. grew its stake in Under Armour, Inc. (NYSE:UAA) by 51.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,374,367 shares of the company’s stock after acquiring an additional 1,493,327 shares during the period. Jupiter Asset Management Ltd.’s holdings in Under Armour were worth $21,741,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Under Armour by 11.3% in the 4th quarter. Vanguard Group Inc. now owns 17,168,819 shares of the company’s stock valued at $85,329,000 after acquiring an additional 1,747,120 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Under Armour by 113.8% in the 3rd quarter. Marshall Wace LLP now owns 6,296,543 shares of the company’s stock valued at $31,420,000 after acquiring an additional 3,351,976 shares in the last quarter. Whitebox Advisors LLC bought a new position in shares of Under Armour in the 3rd quarter valued at about $11,237,000. Fort Baker Capital Management LP bought a new position in shares of Under Armour in the 3rd quarter valued at about $8,624,000. Finally, Credit Industriel ET Commercial grew its holdings in shares of Under Armour by 197.8% in the 3rd quarter. Credit Industriel ET Commercial now owns 1,517,445 shares of the company’s stock valued at $7,572,000 after acquiring an additional 1,007,926 shares in the last quarter. Institutional investors own 34.58% of the company’s stock.

Insider Activity

In other news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of Under Armour stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $4.97 per share, for a total transaction of $3,675,419.37. Following the completion of the acquisition, the insider directly owned 44,179,116 shares in the company, valued at approximately $219,570,206.52. The trade was a 1.70% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 1,178,344 shares of company stock worth $5,865,147 in the last three months. Insiders own 15.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on UAA. Stifel Nicolaus set a $6.00 price objective on Under Armour and gave the company a “hold” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded Under Armour from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Barclays set a $5.00 price target on Under Armour and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Truist Financial reduced 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, May 13th. Finally, BNP Paribas Exane reduced their price target on Under Armour from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $5.91.

Under Armour Trading Down 1.9%

Under Armour stock opened at $5.88 on Friday. 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 1.08 and a current ratio of 1.62. The stock has a market capitalization of $2.50 billion, a P/E ratio of -5.06, a PEG ratio of 1.90 and a beta of 1.73. The stock has a 50-day simple moving average of $5.93 and a 200 day simple moving average of $5.79.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Under Armour had a positive return on equity of 3.01% and a negative net margin of 9.98%.The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted ($0.08) earnings per share. Under Armour’s quarterly revenue was down .8% on a year-over-year basis. 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. Analysts expect that Under Armour, Inc. will post 0.12 earnings per share for the current year.

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.