SG Americas Securities LLC Has $1.25 Million Position in Under Armour, Inc. $UAA

SG Americas Securities LLC lessened its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 69.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 211,044 shares of the company’s stock after selling 488,945 shares during the period. SG Americas Securities LLC’s holdings in Under Armour were worth $1,247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Under Armour by 5.3% in the first quarter. Royal Bank of Canada now owns 1,158,649 shares of the company’s stock worth $7,242,000 after acquiring an additional 58,701 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Under Armour by 33.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 328,746 shares of the company’s stock valued at $2,055,000 after purchasing an additional 81,732 shares in the last quarter. United Services Automobile Association bought a new position in shares of Under Armour during the 1st quarter valued at $83,000. Creative Planning raised its holdings in shares of Under Armour by 70.8% during the 2nd quarter. Creative Planning now owns 30,457 shares of the company’s stock valued at $208,000 after purchasing an additional 12,620 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Under Armour by 27.0% in the 2nd quarter. Prudential Financial Inc. now owns 22,191 shares of the company’s stock valued at $152,000 after purchasing an additional 4,718 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Price Performance

Shares of Under Armour stock opened at $6.63 on Friday. The firm has a fifty day simple moving average of $5.87 and a 200-day simple moving average of $6.05. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Under Armour, Inc. has a 1-year low of $4.13 and a 1-year high of $8.15. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of -5.72, a PEG ratio of 2.10 and a beta of 1.67.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). Under Armour had a negative net margin of 9.98% and a positive return on equity of 3.01%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm earned ($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. On average, sell-side analysts expect that Under Armour, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Under Armour in a report on Friday, April 24th. Citigroup restated a “sell” rating and set a $4.75 target price (down from $6.20) on shares of Under Armour in a report on Wednesday, May 13th. Zacks Research cut Under Armour from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. Finally, Telsey Advisory Group decreased their price target on Under Armour from $6.00 to $5.50 and set a “market perform” rating for the company in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $5.91.

Insiders Place Their Bets

In other news, major shareholder V Prem Et Al Watsa bought 739,521 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $4.97 per share, with a total value of $3,675,419.37. Following the transaction, the insider directly owned 44,179,116 shares in the company, valued at approximately $219,570,206.52. The trade was a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have acquired 1,178,344 shares of company stock worth $5,865,147. 15.60% of the stock is owned by 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.