V Prem Et Al Watsa Purchases 739,521 Shares of Under Armour (NYSE:UA) Stock

Under Armour, Inc. (NYSE:UA) major shareholder V Prem Et Al Watsa acquired 739,521 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $4.97 per share, with a total value of $3,675,419.37. Following the purchase, the insider owned 44,179,116 shares of the company’s stock, valued at approximately $219,570,206.52. This trade represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares 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 stock was acquired at an average cost of $5.00 per share, with a total value of $500.00.
• On Tuesday, May 12th, V Prem Et Al Watsa acquired 438,723 shares of Under Armour stock. The stock was acquired at an average cost of $4.99 per share, with a total value of $2,189,227.77.

Under Armour Stock Performance

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

Under Armour (NYSE:UA) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Under Armour had a positive return on equity of 3.01% and a negative net margin of 9.98%.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. As a group, equities research analysts predict that Under Armour, Inc. will post 0.24 EPS for the current fiscal year.

Institutional Trading of Under Armour

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its position in Under Armour by 10.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 62,104 shares of the company’s stock worth $360,000 after acquiring an additional 5,887 shares during the period. Sei Investments Co. raised its stake in shares of Under Armour by 127.6% during the 1st quarter. Sei Investments Co. now owns 37,042 shares of the company’s stock worth $214,000 after buying an additional 20,770 shares during the period. Lido Advisors LLC acquired a new position in shares of Under Armour during the 1st quarter worth approximately $166,000. Dimensional Fund Advisors LP boosted its holdings in Under Armour by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,518,415 shares of the company’s stock worth $66,688,000 after buying an additional 716,815 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Under Armour by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 714,026 shares of the company’s stock worth $4,134,000 after buying an additional 8,163 shares during the last quarter. Institutional investors and hedge funds own 36.35% of the company’s stock.

Analyst Ratings Changes

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

Under Armour Company Profile

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.