IMC Chicago LLC Sells 374,970 Shares of Under Armour, Inc. $UAA

IMC Chicago LLC decreased its position in shares of Under Armour, Inc. (NYSE:UAA) by 50.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 361,726 shares of the company’s stock after selling 374,970 shares during the period. IMC Chicago LLC’s holdings in Under Armour were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. ABC Arbitrage SA lifted its stake in Under Armour by 48.6% during the first quarter. ABC Arbitrage SA now owns 153,452 shares of the company’s stock worth $907,000 after purchasing an additional 50,186 shares during the last quarter. Bleakley Financial Group LLC increased its stake in shares of Under Armour by 99.7% in the 1st quarter. Bleakley Financial Group LLC now owns 476,521 shares of the company’s stock valued at $2,816,000 after purchasing an additional 237,957 shares during the last quarter. WJ Financial Advisors LLC bought a new position in shares of Under Armour in the 1st quarter valued at $504,000. Principal Financial Group Inc. raised its holdings in shares of Under Armour by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 915,640 shares of the company’s stock worth $5,411,000 after buying an additional 18,599 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in shares of Under Armour during the 1st quarter worth $76,000. 34.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup reaffirmed 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. Wall Street Zen raised Under Armour from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. Truist Financial dropped their target price on shares of Under Armour from $8.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, May 13th. Stifel Nicolaus set a $6.00 price target on shares of Under Armour and gave the company a “hold” rating in a research note on Tuesday, May 12th. Finally, UBS Group restated a “buy” rating and issued a $10.00 price target (down from $11.00) on shares of Under Armour in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $5.91.

Insider Activity at Under Armour

In other news, major shareholder V Prem Et Al Watsa purchased 739,521 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $4.97 per share, with a total value of $3,675,419.37. Following the completion of the purchase, the insider owned 44,179,116 shares of the company’s stock, valued at $219,570,206.52. This trade represents a 1.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders bought 1,178,344 shares of company stock worth $5,865,147 over the last quarter. Company insiders own 15.60% of the company’s stock.

Under Armour Stock Up 3.6%

Shares of UAA opened at $6.84 on Thursday. 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. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of -5.90, a PEG ratio of 2.12 and a beta of 1.67. The stock has a fifty day moving average of $5.94 and a 200-day moving average of $6.19.

Under Armour (NYSE:UAA) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share 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 for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted ($0.08) EPS. Under Armour’s quarterly revenue was down .8% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that Under Armour, Inc. will post 0.11 earnings per share for the current fiscal year.

Under Armour 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.