Under Armour (NYSE:UA) Major Shareholder Acquires $12,381,091.03 in Stock

Under Armour, Inc. (NYSE:UA) major shareholder V Prem Et Al Watsa purchased 2,745,253 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was acquired at an average price of $4.51 per share, with a total value of $12,381,091.03. Following the completion of the purchase, the insider owned 26,815,501 shares of the company’s stock, valued at $120,937,909.51. The trade was a 11.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

V Prem Et Al Watsa also recently made the following trade(s):

• On Monday, December 29th, V Prem Et Al Watsa purchased 2,497,826 shares of Under Armour stock. The shares were acquired at an average price of $4.66 per share, for a total transaction of $11,639,869.16.
• On Friday, December 26th, V Prem Et Al Watsa acquired 1,385,850 shares of Under Armour stock. The shares were bought at an average price of $4.58 per share, for a total transaction of $6,347,193.00.
• On Wednesday, December 24th, V Prem Et Al Watsa bought 1,313,881 shares of Under Armour stock. The stock was bought at an average price of $4.55 per share, with a total value of $5,978,158.55.
• On Monday, December 22nd, V Prem Et Al Watsa bought 7,739,154 shares of Under Armour stock. The shares were bought at an average cost of $4.48 per share, for a total transaction of $34,671,409.92.

Under Armour Stock Performance

Under Armour stock traded up $0.12 during mid-day trading on Monday, reaching $4.55. 4,948,351 shares of the company traded hands, compared to its average volume of 4,696,758. The firm’s fifty day moving average is $4.35 and its two-hundred day moving average is $5.13. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -21.64 and a beta of 1.74. Under Armour, Inc. has a fifty-two week low of $3.95 and a fifty-two week high of $7.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.69 and a quick ratio of 1.10.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Under Armour had a negative net margin of 1.74% and a positive return on equity of 1.27%. Under Armour has set its FY 2026 guidance at 0.030-0.050 EPS.

Institutional Investors Weigh In On Under Armour

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Under Armour during the 2nd quarter valued at about $18,920,000. BDT Capital Partners LLC boosted its stake in shares of Under Armour by 4.9% in the second quarter. BDT Capital Partners LLC now owns 62,463,879 shares of the company’s stock worth $405,391,000 after buying an additional 2,898,561 shares during the last quarter. Millennium Management LLC grew its holdings in Under Armour by 153.7% during the third quarter. Millennium Management LLC now owns 2,346,929 shares of the company’s stock worth $11,336,000 after acquiring an additional 1,421,981 shares during the period. Corient Private Wealth LLC grew its holdings in Under Armour by 99.8% during the second quarter. Corient Private Wealth LLC now owns 2,005,844 shares of the company’s stock worth $13,018,000 after acquiring an additional 1,002,037 shares during the period. Finally, Trexquant Investment LP purchased a new position in Under Armour during the first quarter valued at approximately $5,122,000. 36.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Under Armour in a report on Monday, December 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Under Armour

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.