Fund 1 Investments LLC Buys New Holdings in Under Armour, Inc. $UA

Fund 1 Investments LLC purchased a new position in shares of Under Armour, Inc. (NYSE:UA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 201,612 shares of the company’s stock, valued at approximately $1,254,000.

A number of other institutional investors have also added to or reduced their stakes in UA. International Assets Investment Management LLC boosted its holdings in 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 acquiring an additional 2,000 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Under Armour during the first quarter valued at approximately $26,000. Symmetry Peak Management LLC acquired a new position in shares of Under Armour during the fourth quarter worth approximately $48,000. Quarry LP acquired a new position in shares of Under Armour during the third quarter worth approximately $53,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Under Armour in the 4th quarter worth $54,000. 36.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Under Armour

In other news, CFO Reza Taleghani purchased 18,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $5.37 per share, with a total value of $100,182.72. Following the completion of the transaction, the chief financial officer directly owned 87,621 shares of the company’s stock, valued at approximately $470,524.77. This trade represents a 27.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.60% of the stock is owned by insiders.

Under Armour Stock Performance

Shares of UA opened at $5.02 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.81. The stock has a 50 day moving average price of $6.15 and a two-hundred day moving average price of $6.12. The firm has a market capitalization of $2.16 billion, a P/E ratio of -4.37 and a beta of 1.59. Under Armour, Inc. has a 52 week low of $3.95 and a 52 week high of $7.91.

Under Armour (NYSE:UA) last posted its earnings results on Friday, August 7th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%.The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Under Armour has set its Q2 2027 guidance at -0.030–0.010 EPS and its FY 2027 guidance at 0.080-0.120 EPS.

Analysts Set New Price Targets

Several research firms recently issued reports on UA. Robert W. Baird set a $5.50 price target on shares of Under Armour in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average 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.