V Prem Et Al Watsa Buys 438,723 Shares of Under Armour (NYSE:UA) Stock

Under Armour, Inc. (NYSE:UA) major shareholder V Prem Et Al Watsa bought 438,723 shares of the stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $4.99 per share, with a total value of $2,189,227.77. Following the acquisition, the insider owned 43,439,595 shares of the company’s stock, valued at $216,763,579.05. The trade was a 1.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, May 14th, V Prem Et Al Watsa acquired 100 shares of Under Armour stock. The shares were bought at an average price of $5.00 per share, with a total value of $500.00.
• On Wednesday, May 13th, V Prem Et Al Watsa purchased 739,521 shares of Under Armour stock. The shares were bought at an average price of $4.97 per share, with a total value of $3,675,419.37.

Under Armour Trading Up 1.1%

Shares of UA stock opened at $5.01 on Friday. The company has a 50 day moving average of $5.95 and a 200-day moving average of $5.55. The company has a quick ratio of 0.92, a current ratio of 1.62 and a debt-to-equity ratio of 0.42. Under Armour, Inc. has a 12-month low of $3.95 and a 12-month high of $7.91. The firm has a market cap of $2.13 billion, a P/E ratio of -4.32 and a beta of 1.65.

Under Armour (NYSE:UA) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Under Armour had a positive return on equity of 3.01% and a negative net margin of 9.98%.The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. 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. Sell-side analysts anticipate that Under Armour, Inc. will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

UA has been the subject of several recent analyst reports. Citigroup cut shares of Under Armour from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Under Armour in a research note on Friday, May 8th. Zacks Research upgraded shares of Under Armour to a “hold” rating in a report on Wednesday, March 11th. Finally, Robert W. Baird set a $5.50 price objective on shares of Under Armour in a report on Wednesday. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Under Armour currently has an average rating of “Sell” and an average price target of $5.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Integrated Advisors Network LLC increased its stake in shares of Under Armour by 2.7% in the 4th quarter. Integrated Advisors Network LLC now owns 72,452 shares of the company’s stock worth $348,000 after acquiring an additional 1,884 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Under Armour by 80.0% in the first quarter. International Assets Investment Management LLC now owns 4,500 shares of the company’s stock worth $25,000 after buying an additional 2,000 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Under Armour by 2.1% in the second quarter. Tidal Investments LLC now owns 110,954 shares of the company’s stock worth $720,000 after buying an additional 2,255 shares during the last quarter. Osaic Holdings Inc. raised its stake in Under Armour by 6.8% during the 2nd quarter. Osaic Holdings Inc. now owns 35,932 shares of the company’s stock worth $233,000 after acquiring an additional 2,295 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in Under Armour by 10.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,100 shares of the company’s stock worth $130,000 after acquiring an additional 2,667 shares during the period. 36.35% of the stock is currently owned by institutional investors.

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.