Under Armour (NYSE:UAA) Major Shareholder Acquires 1,769,581 Shares

Under Armour, Inc. (NYSE:UAA) major shareholder V Prem Et Al Watsa acquired 1,769,581 shares of Under Armour stock in a transaction dated Tuesday, January 20th. The shares were bought at an average price of $5.62 per share, for a total transaction of $9,945,045.22. Following the transaction, the insider owned 13,064,622 shares of the company’s stock, valued at approximately $73,423,175.64. The trade was a 15.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

V Prem Et Al Watsa also recently made the following trade(s):

• On Wednesday, January 21st, V Prem Et Al Watsa bought 5,000,000 shares of Under Armour stock. The stock was acquired at an average cost of $5.89 per share, with a total value of $29,450,000.00.
• On Friday, January 16th, V Prem Et Al Watsa acquired 1,837,686 shares of Under Armour stock. The shares were bought at an average cost of $5.60 per share, for a total transaction of $10,291,041.60.
• On Tuesday, December 30th, V Prem Et Al Watsa bought 13,182,469 shares of Under Armour stock. The shares were acquired at an average cost of $5.12 per share, for a total transaction of $67,494,241.28.
• On Monday, December 29th, V Prem Et Al Watsa purchased 2,497,826 shares of Under Armour stock. The stock was bought at an average cost of $4.66 per share, for a total transaction of $11,639,869.16.
• On Friday, December 26th, V Prem Et Al Watsa bought 1,385,850 shares of Under Armour stock. The shares were purchased at an average cost of $4.58 per share, with a total value of $6,347,193.00.
• On Wednesday, December 24th, V Prem Et Al Watsa purchased 1,313,881 shares of Under Armour stock. The shares were purchased at an average cost of $4.55 per share, with a total value of $5,978,158.55.
• On Tuesday, December 23rd, V Prem Et Al Watsa purchased 2,745,253 shares of Under Armour stock. The stock was bought at an average cost of $4.51 per share, with a total value of $12,381,091.03.
• On Monday, December 22nd, V Prem Et Al Watsa acquired 7,739,154 shares of Under Armour stock. The stock was bought at an average price of $4.48 per share, for a total transaction of $34,671,409.92.

Under Armour Price Performance

NYSE UAA traded up $0.44 on Wednesday, hitting $6.18. The company had a trading volume of 17,171,684 shares, compared to its average volume of 11,850,109. The company’s fifty day moving average price is $4.86 and its 200-day moving average price is $5.22. Under Armour, Inc. has a 12-month low of $4.13 and a 12-month high of $8.72. The company has a market capitalization of $2.65 billion, a PE ratio of -29.43, a PEG ratio of 6.12 and a beta of 1.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.69 and a quick ratio of 1.10.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Under Armour had a negative net margin of 1.74% and a positive return on equity of 1.27%. Under Armour’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Under Armour has set its Q3 2026 guidance at 0.030-0.050 EPS. As a group, analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Analysts Set New Price Targets

UAA has been the subject of several analyst reports. Truist Financial set a $6.00 price target on Under Armour in a research note on Wednesday, January 14th. UBS Group restated a “buy” rating on shares of Under Armour in a research report on Friday, January 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Under Armour in a research report on Monday, December 29th. BTIG Research initiated coverage on shares of Under Armour in a research report on Tuesday, October 14th. They issued a “neutral” rating for the company. Finally, Telsey Advisory Group set a $5.00 price objective on shares of Under Armour in a report on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Under Armour presently has a consensus rating of “Hold” and a consensus target price of $6.37.

Institutional Trading of Under Armour

Hedge funds have recently modified their holdings of the company. Marshall Wace LLP increased its stake in shares of Under Armour by 113.8% during the 3rd quarter. Marshall Wace LLP now owns 6,296,543 shares of the company’s stock worth $31,420,000 after purchasing an additional 3,351,976 shares during the last quarter. Whitebox Advisors LLC bought a new position in shares of Under Armour during the third quarter worth approximately $11,237,000. Fort Baker Capital Management LP acquired a new position in Under Armour in the 3rd quarter valued at $8,624,000. Jupiter Asset Management Ltd. lifted its position in Under Armour by 249.4% during the second quarter. Jupiter Asset Management Ltd. now owns 2,379,513 shares of the company’s stock worth $16,252,000 after purchasing an additional 1,698,467 shares during the period. Finally, Norges Bank bought a new stake in Under Armour during the second quarter worth $9,918,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

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.