Whitebox Advisors LLC Trims Position in Under Armour, Inc. $UAA

Whitebox Advisors LLC trimmed its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 8.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,186,792 shares of the company’s stock after selling 114,573 shares during the quarter. Whitebox Advisors LLC’s holdings in Under Armour were worth $7,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Blair William & Co. IL increased its stake in shares of Under Armour by 40.0% in the fourth quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock worth $26,000 after acquiring an additional 1,476 shares during the period. Hantz Financial Services Inc. lifted its position in Under Armour by 202.7% during the fourth quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock valued at $42,000 after purchasing an additional 5,662 shares during the period. State of Wyoming purchased a new stake in Under Armour in the second quarter valued at $44,000. Equitable Holdings Inc. purchased a new stake in Under Armour in the fourth quarter valued at $51,000. Finally, Portside Wealth Group LLC acquired a new stake in Under Armour during the 4th quarter worth about $52,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Stock Up 0.6%

Shares of NYSE UAA opened at $7.07 on Monday. The company’s 50-day simple moving average is $6.16 and its 200-day simple moving average is $6.29. Under Armour, Inc. has a 52-week low of $4.13 and a 52-week high of $8.15. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of -6.10, a price-to-earnings-growth ratio of 2.32 and a beta of 1.67. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 0.42.

Under Armour (NYSE:UAA) last released its quarterly earnings results 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 negative net margin of 9.98% and a positive return on equity of 3.01%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue for the quarter 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. Equities analysts predict that Under Armour, Inc. will post 0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UAA has been the subject of a number of recent research reports. Wall Street Zen upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. Stifel Nicolaus set a $6.00 price target on Under Armour and gave the stock a “hold” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $6.00 price objective on shares of Under Armour in a report on Wednesday, May 13th. Citigroup restated a “sell” rating and issued a $4.75 price objective (down from $6.20) on shares of Under Armour in a research report on Wednesday, May 13th. Finally, Truist Financial reduced their target price on Under Armour from $8.00 to $5.00 and set a “hold” 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 assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $5.91.

Insider Transactions at Under Armour

In other news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $4.97 per share, for a total transaction of $3,675,419.37. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders bought 1,178,344 shares of company stock valued at $5,865,147. Insiders own 15.70% of the company’s stock.

Under Armour Company 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.