Geode Capital Management LLC Cuts Holdings in Under Armour, Inc. $UA

Geode Capital Management LLC decreased its holdings in Under Armour, Inc. (NYSE:UA) by 0.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,760,322 shares of the company’s stock after selling 17,156 shares during the period. Geode Capital Management LLC owned about 0.65% of Under Armour worth $17,916,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Under Armour in the 1st quarter valued at $6,703,000. American Century Companies Inc. boosted its position in Under Armour by 39.2% during the first quarter. American Century Companies Inc. now owns 3,132,565 shares of the company’s stock valued at $18,639,000 after purchasing an additional 881,934 shares in the last quarter. Trexquant Investment LP purchased a new position in Under Armour in the first quarter valued at about $5,122,000. GMT Capital Corp bought a new position in Under Armour in the first quarter worth about $3,676,000. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Under Armour by 380.4% during the second quarter. Concurrent Investment Advisors LLC now owns 246,519 shares of the company’s stock valued at $1,600,000 after buying an additional 195,208 shares during the last quarter. Institutional investors own 36.35% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Under Armour in a research report on Monday, November 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Under Armour Price Performance

Shares of NYSE UA opened at $4.47 on Monday. Under Armour, Inc. has a fifty-two week low of $3.95 and a fifty-two week high of $9.38. The company has a market cap of $1.91 billion, a PE ratio of 20.30 and a beta of 1.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.93 and a current ratio of 1.53. The business has a 50-day simple moving average of $4.54 and a two-hundred day simple moving average of $5.43.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. Under Armour has set its FY 2026 guidance at 0.030-0.050 EPS.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.