Hsbc Holdings PLC Sells 108,125 Shares of Under Armour, Inc. $UAA

Hsbc Holdings PLC decreased its holdings in shares of Under Armour, Inc. (NYSE:UAA) by 32.3% in the 1st quarter, Holdings Channel reports. The firm owned 226,238 shares of the company’s stock after selling 108,125 shares during the period. Hsbc Holdings PLC’s holdings in Under Armour were worth $1,342,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Credit Industriel ET Commercial purchased a new stake in Under Armour in the first quarter valued at approximately $9,080,000. Ascentis Independent Advisors grew its stake in Under Armour by 57.6% in the 1st quarter. Ascentis Independent Advisors now owns 121,983 shares of the company’s stock worth $721,000 after buying an additional 44,605 shares in the last quarter. Praxis Investment Management Inc. purchased a new position in Under Armour in the 1st quarter worth approximately $123,000. HB Wealth Management LLC increased its holdings in shares of Under Armour by 31.8% in the 1st quarter. HB Wealth Management LLC now owns 21,042 shares of the company’s stock worth $124,000 after buying an additional 5,074 shares during the last quarter. Finally, Optas LLC increased its holdings in shares of Under Armour by 13.9% in the 1st quarter. Optas LLC now owns 44,900 shares of the company’s stock worth $265,000 after buying an additional 5,495 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors.

Under Armour Price Performance

UAA stock opened at $7.08 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.62. Under Armour, Inc. has a 52 week low of $4.13 and a 52 week high of $8.15. The firm’s fifty day moving average is $6.20 and its 200 day moving average is $6.30. The firm has a market cap of $3.02 billion, a P/E ratio of -6.11, a P/E/G ratio of 2.32 and a beta of 1.67.

Under Armour (NYSE:UAA) last issued its earnings results on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Under Armour had a negative net margin of 9.98% and a positive return on equity of 3.01%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) EPS. 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. Research analysts predict that Under Armour, Inc. will post 0.11 earnings per share for the current year.

Insider Activity at Under Armour

In related news, major shareholder V Prem Et Al Watsa bought 739,521 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $4.97 per share, with a total value 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. The trade was a 1.70% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought a total of 1,178,344 shares of company stock valued at $5,865,147 in the last quarter. 15.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UAA. Stifel Nicolaus set a $6.00 price objective on shares of Under Armour and gave the stock a “hold” rating in a report on Tuesday, May 12th. Zacks Research downgraded Under Armour from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $6.00 price target on shares of Under Armour in a research note on Wednesday, May 13th. Barclays set a $5.00 price objective on Under Armour and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Under Armour in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Under Armour presently has a consensus rating of “Reduce” and an average price target of $5.91.

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.