Bleakley Financial Group LLC Boosts Stock Position in Under Armour, Inc. $UAA

Bleakley Financial Group LLC boosted its stake in Under Armour, Inc. (NYSE:UAA) by 99.7% in the 1st quarter, Holdings Channel reports. The firm owned 476,521 shares of the company’s stock after acquiring an additional 237,957 shares during the quarter. Bleakley Financial Group LLC’s holdings in Under Armour were worth $2,816,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Maven Securities LTD increased its holdings in shares of Under Armour by 207.5% in the third quarter. Maven Securities LTD now owns 453,831 shares of the company’s stock worth $2,265,000 after purchasing an additional 306,254 shares during the period. Ovata Capital Management Ltd purchased a new stake in shares of Under Armour in the third quarter worth $6,980,000. Deltroit Asset Management UK LLP bought a new stake in Under Armour during the fourth quarter valued at $9,909,000. Fairfax Financial Holdings Ltd. Can boosted its stake in Under Armour by 564.8% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 41,958,923 shares of the company’s stock valued at $208,536,000 after buying an additional 35,647,123 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in Under Armour during the fourth quarter worth about $1,343,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on UAA shares. Zacks Research cut shares of Under Armour from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $6.00 target price on shares of Under Armour in a research report on Wednesday, May 13th. Truist Financial cut their price target on shares of Under Armour from $8.00 to $5.00 and set a “hold” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Under Armour from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Barclays set a $5.00 price objective on shares of Under Armour and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. One research 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 issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $5.91.

Under Armour Trading Up 3.6%

NYSE:UAA opened at $6.84 on Thursday. The company has a fifty day moving average of $5.94 and a 200 day moving average of $6.19. Under Armour, Inc. has a 52 week low of $4.13 and a 52 week high of $8.15. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.92 billion, a P/E ratio of -5.90, a P/E/G ratio of 2.12 and a beta of 1.67.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate 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 business posted ($0.08) EPS. The business’s 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. On average, research analysts predict that Under Armour, Inc. will post 0.11 earnings per share for the current year.

Insiders Place Their Bets

In other Under Armour news, major shareholder V Prem Et Al Watsa bought 739,521 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $4.97 per share, for a total transaction of $3,675,419.37. Following the acquisition, the insider owned 44,179,116 shares in the company, valued at approximately $219,570,206.52. This represents a 1.70% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders acquired 1,178,344 shares of company stock valued at $5,865,147 over the last 90 days. 15.60% of the stock is owned by corporate insiders.

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.