Under Armour, Inc. (NYSE:UA – Get Free Report) major shareholder V Prem Et Al Watsa acquired 1,769,581 shares of Under Armour stock in a transaction dated Tuesday, January 20th. The shares were bought at an average price of $5.62 per share, for a total transaction of $9,945,045.22. Following the transaction, the insider owned 13,064,622 shares of the company’s stock, valued at approximately $73,423,175.64. The trade was a 15.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
V Prem Et Al Watsa also recently made the following trade(s):
- On Friday, January 16th, V Prem Et Al Watsa bought 1,837,686 shares of Under Armour stock. The stock was bought at an average cost of $5.60 per share, for a total transaction of $10,291,041.60.
- On Wednesday, January 21st, V Prem Et Al Watsa bought 5,000,000 shares of Under Armour stock. The shares were bought at an average cost of $5.89 per share, with a total value of $29,450,000.00.
- On Tuesday, December 30th, V Prem Et Al Watsa purchased 13,182,469 shares of Under Armour stock. The stock was bought at an average price of $5.12 per share, for a total transaction of $67,494,241.28.
- On Monday, December 29th, V Prem Et Al Watsa purchased 2,497,826 shares of Under Armour stock. The stock was bought 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 cost of $4.58 per share, with a total value of $6,347,193.00.
- On Wednesday, December 24th, V Prem Et Al Watsa acquired 1,313,881 shares of Under Armour stock. The shares were purchased at an average price of $4.55 per share, with a total value of $5,978,158.55.
- On Tuesday, December 23rd, V Prem Et Al Watsa bought 2,745,253 shares of Under Armour stock. The stock was purchased at an average cost of $4.51 per share, for a total transaction of $12,381,091.03.
- On Monday, December 22nd, V Prem Et Al Watsa bought 7,739,154 shares of Under Armour stock. The stock was purchased at an average price of $4.48 per share, for a total transaction of $34,671,409.92.
Under Armour Price Performance
Shares of Under Armour stock opened at $6.15 on Friday. The firm has a market cap of $2.64 billion, a PE ratio of -29.29 and a beta of 1.73. The stock has a 50 day moving average of $4.70 and a 200 day moving average of $5.03. The company has a current ratio of 1.69, a quick ratio of 1.10 and a debt-to-equity ratio of 0.32. Under Armour, Inc. has a 12 month low of $3.95 and a 12 month high of $7.85.
Under Armour News Summary
Here are the key news stories impacting Under Armour this week:
- Positive Sentiment: Large insider accumulation by V. Prem Watsa — Watsa (and related entities) disclosed multiple recent purchases, including a 5.0M-share buy on Jan. 21 and additional buys totaling millions of shares over December–January, increasing his stake substantially; insider buying can be read as a vote of confidence in the company’s outlook. MarketBeat Insider Report
- Positive Sentiment: Fairfax Financial purchased roughly $49.7M of UA shares — another institutional-sized buy that supports demand and may sustain near-term upside. Investing.com Article
- Neutral Sentiment: Retail marketing/discounts: promotional coverage of discounted footwear may boost short-term sales but is not material to fundamentals unless prolonged. MSN Product Deal
- Negative Sentiment: Investigation into a reported data breach — Under Armour says it is investigating claims after millions of customer records were posted to a hacker forum; the company reports no evidence so far of stolen financial data or passwords, but the incident raises potential reputational, remediation and regulatory risks. TechCrunch Coverage
- Negative Sentiment: Scope reported at up to ~72M email records by security trackers — if confirmed, the size of the exposure could attract regulatory scrutiny and customer churn even if payment data wasn’t involved. Expect follow-up disclosures and potential volatility. NYPost Report
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Under Armour in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Under Armour presently has an average rating of “Sell”.
Get Our Latest Report on Under Armour
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Under Armour in the second quarter valued at $18,920,000. BDT Capital Partners LLC grew its holdings in Under Armour by 4.9% during the 2nd quarter. BDT Capital Partners LLC now owns 62,463,879 shares of the company’s stock valued at $405,391,000 after purchasing an additional 2,898,561 shares during the last quarter. Millennium Management LLC grew its holdings in Under Armour by 153.7% during the 3rd quarter. Millennium Management LLC now owns 2,346,929 shares of the company’s stock valued at $11,336,000 after purchasing an additional 1,421,981 shares during the last quarter. Corient Private Wealth LLC raised its position in Under Armour by 99.8% in the 2nd quarter. Corient Private Wealth LLC now owns 2,005,844 shares of the company’s stock worth $13,018,000 after purchasing an additional 1,002,037 shares during the period. Finally, Quinn Opportunity Partners LLC lifted its stake in Under Armour by 1,100.0% in the third quarter. Quinn Opportunity Partners LLC now owns 720,000 shares of the company’s stock worth $3,478,000 after purchasing an additional 660,000 shares during the last quarter. Institutional investors own 36.35% of the company’s stock.
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.
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