Under Armour (NYSE:UA) Major Shareholder Acquires $10,291,041.60 in Stock

Under Armour, Inc. (NYSE:UA) major shareholder V Prem Et Al Watsa acquired 1,837,686 shares of Under Armour stock in a transaction that occurred on Friday, January 16th. The stock was purchased at an average price of $5.60 per share, with a total value of $10,291,041.60. Following the transaction, the insider owned 11,295,041 shares of the company’s stock, valued at $63,252,229.60. This trade represents a 19.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major 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 acquired 5,000,000 shares of Under Armour stock. The stock was bought at an average price of $5.89 per share, with a total value of $29,450,000.00.
• On Tuesday, January 20th, V Prem Et Al Watsa bought 1,769,581 shares of Under Armour stock. The stock was bought at an average cost of $5.62 per share, with a total value of $9,945,045.22.
• On Tuesday, December 30th, V Prem Et Al Watsa acquired 13,182,469 shares of Under Armour stock. The stock was purchased at an average cost of $5.12 per share, with a total value of $67,494,241.28.
• On Monday, December 29th, V Prem Et Al Watsa purchased 2,497,826 shares of Under Armour stock. The shares were purchased at an average cost of $4.66 per share, with a total value of $11,639,869.16.
• On Friday, December 26th, V Prem Et Al Watsa purchased 1,385,850 shares of Under Armour stock. The stock was acquired at an average price of $4.58 per share, for a total transaction of $6,347,193.00.
• On Wednesday, December 24th, V Prem Et Al Watsa bought 1,313,881 shares of Under Armour stock. The stock was bought at an average cost of $4.55 per share, for a total transaction of $5,978,158.55.
• On Tuesday, December 23rd, V Prem Et Al Watsa acquired 2,745,253 shares of Under Armour stock. The stock was bought at an average price of $4.51 per share, for a total transaction of $12,381,091.03.
• On Monday, December 22nd, V Prem Et Al Watsa purchased 7,739,154 shares of Under Armour stock. The shares were purchased at an average cost of $4.48 per share, for a total transaction of $34,671,409.92.

Under Armour Trading Up 8.1%

UA traded up $0.46 during midday trading on Wednesday, hitting $6.09. The company’s stock had a trading volume of 20,782,701 shares, compared to its average volume of 5,720,173. The firm has a 50-day moving average price of $4.67 and a two-hundred day moving average price of $5.02. The company has a current ratio of 1.69, a quick ratio of 1.10 and a debt-to-equity ratio of 0.32. Under Armour, Inc. has a 52-week low of $3.95 and a 52-week high of $7.85. The firm has a market cap of $2.61 billion, a P/E ratio of -28.99 and a beta of 1.73.

Under Armour (NYSE:UA) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Under Armour had a negative net margin of 1.74% and a positive return on equity of 1.27%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Under Armour has set its FY 2026 guidance at 0.030-0.050 EPS.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Under Armour in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Under Armour currently has an average rating of “Sell”.

Hedge Funds Weigh In On Under Armour

A number of large investors have recently added to or reduced their stakes in UA. Laurel Wealth Advisors LLC lifted its stake in Under Armour by 549.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company’s stock valued at $25,000 after acquiring an additional 3,316 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Under Armour by 361.9% in the 2nd quarter. UMB Bank n.a. now owns 4,102 shares of the company’s stock valued at $27,000 after purchasing an additional 3,214 shares during the period. AlphaCore Capital LLC acquired a new stake in Under Armour in the 3rd quarter valued at about $41,000. First Business Financial Services Inc. bought a new position in Under Armour during the third quarter worth about $48,000. Finally, Keel Point LLC bought a new position in Under Armour during the third quarter worth about $52,000. Institutional investors own 36.35% of the company’s stock.

About Under Armour

Under Armour, Inc is a global designer, marketer and distributor of branded performance apparel, footwear and accessories. The company’s product portfolio spans a wide range of athletic categories, including running, training, basketball, outdoor and golf, with specialized lines for men, women and youth. Under Armour emphasizes innovative fabrics and technologies designed to enhance athletic performance, such as moisture-wicking HeatGear®, cold-weather ColdGear® and UV-protective UA Tech™ materials.

The company was founded in 1996 by former University of Maryland football captain Kevin Plank, who sought to create a superior moisture-wicking T-shirt to keep athletes cool and dry.