First Trust Advisors LP Decreases Stock Position in Under Armour, Inc. $UAA

First Trust Advisors LP cut its stake in shares of Under Armour, Inc. (NYSE:UAA) by 89.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,638 shares of the company’s stock after selling 1,116,182 shares during the quarter. First Trust Advisors LP’s holdings in Under Armour were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada lifted its position in Under Armour by 5.3% in the first quarter. Royal Bank of Canada now owns 1,158,649 shares of the company’s stock valued at $7,242,000 after purchasing an additional 58,701 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Under Armour by 33.1% in the first quarter. Goldman Sachs Group Inc. now owns 328,746 shares of the company’s stock worth $2,055,000 after purchasing an additional 81,732 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Under Armour in the first quarter worth $83,000. Creative Planning raised its holdings in Under Armour by 70.8% during the 2nd quarter. Creative Planning now owns 30,457 shares of the company’s stock valued at $208,000 after buying an additional 12,620 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in Under Armour by 27.0% during the 2nd quarter. Prudential Financial Inc. now owns 22,191 shares of the company’s stock valued at $152,000 after buying an additional 4,718 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UAA. The Goldman Sachs Group restated a “neutral” rating and issued a $6.00 price objective on shares of Under Armour in a research report on Wednesday, May 13th. UBS Group set a $9.00 target price on shares of Under Armour and gave the stock a “buy” rating in a report on Monday. Telsey Advisory Group reduced their price target on Under Armour from $6.00 to $5.50 and set a “market perform” rating on the stock in a report on Wednesday, May 13th. Wall Street Zen raised Under Armour from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Barclays cut Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $5.94.

Under Armour Stock Down 8.9%

Shares of NYSE UAA opened at $5.34 on Wednesday. The firm has a fifty day simple moving average of $6.41 and a two-hundred day simple moving average of $6.36. Under Armour, Inc. has a 12 month low of $4.13 and a 12 month high of $8.15. The company has a current ratio of 1.81, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.28 billion, a PE ratio of -4.65, a price-to-earnings-growth ratio of 1.97 and a beta of 1.67.

Under Armour (NYSE:UAA) last announced 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 negative net margin of 9.99% and a positive return on equity of 4.04%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $0.02 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030–0.010 EPS. Equities analysts expect that Under Armour, Inc. will post 0.11 earnings per share for the current year.

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.