Under Armour (NYSE:UAA) Major Shareholder V Prem Et Al Watsa Buys 928,397 Shares of Stock

Under Armour, Inc. (NYSE:UAA) major shareholder V Prem Et Al Watsa bought 928,397 shares of the stock in a transaction on Friday, January 23rd. The shares were acquired at an average cost of $6.15 per share, for a total transaction of $5,709,641.55. Following the purchase, the insider owned 19,404,076 shares in the company, valued at approximately $119,335,067.40. This represents a 5.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares 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, January 26th, V Prem Et Al Watsa purchased 995,896 shares of Under Armour stock. The shares were bought at an average price of $6.21 per share, with a total value of $6,184,514.16.
• On Thursday, January 22nd, V Prem Et Al Watsa acquired 411,057 shares of Under Armour stock. The shares were bought at an average cost of $6.15 per share, for a total transaction of $2,528,000.55.
• On Wednesday, January 21st, V Prem Et Al Watsa bought 5,000,000 shares of Under Armour stock. The stock was bought at an average price of $5.89 per share, with a total value of $29,450,000.00.
• On Tuesday, January 20th, V Prem Et Al Watsa bought 1,769,581 shares of Under Armour stock. The shares were bought at an average cost of $5.62 per share, with a total value of $9,945,045.22.
• On Friday, January 16th, V Prem Et Al Watsa purchased 1,837,686 shares of Under Armour stock. The shares were bought at an average price of $5.60 per share, for a total transaction of $10,291,041.60.
• On Tuesday, December 30th, V Prem Et Al Watsa acquired 13,182,469 shares of Under Armour stock. The shares were purchased at an average price of $5.12 per share, with a total value of $67,494,241.28.
• On Monday, December 29th, V Prem Et Al Watsa acquired 2,497,826 shares of Under Armour stock. The shares were purchased at an average cost of $4.66 per share, with a total value of $11,639,869.16.
• On Friday, December 26th, V Prem Et Al Watsa bought 1,385,850 shares of Under Armour stock. The stock was purchased at an average cost of $4.58 per share, for a total transaction of $6,347,193.00.
• On Wednesday, December 24th, V Prem Et Al Watsa purchased 1,313,881 shares of Under Armour stock. The shares were purchased at an average cost of $4.55 per share, with a total value of $5,978,158.55.
• On Tuesday, December 23rd, V Prem Et Al Watsa purchased 2,745,253 shares of Under Armour stock. The shares were purchased at an average price of $4.51 per share, with a total value of $12,381,091.03.

Under Armour Trading Down 0.4%

NYSE:UAA opened at $6.32 on Tuesday. The company has a market capitalization of $2.71 billion, a P/E ratio of -30.11, a P/E/G ratio of 6.61 and a beta of 1.81. The stock’s 50 day moving average price is $4.97 and its 200 day moving average price is $5.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.10 and a current ratio of 1.69. Under Armour, Inc. has a 52 week low of $4.13 and a 52 week high of $8.72.

Under Armour (NYSE:UAA) last posted its earnings results on Thursday, November 6th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Under Armour had a negative net margin of 1.74% and a positive return on equity of 1.27%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Under Armour has set its Q3 2026 guidance at 0.030-0.050 EPS. On average, research analysts forecast that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UAA. Evercore ISI cut their target price on Under Armour from $5.00 to $4.00 and set an “underperform” rating on the stock in a report on Friday, November 7th. Truist Financial set a $6.00 price objective on Under Armour in a research note on Wednesday, January 14th. Wall Street Zen raised Under Armour from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Under Armour in a report on Monday, December 29th. Finally, Citigroup restated a “neutral” rating and issued a $6.20 price objective (up from $5.00) on shares of Under Armour in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Under Armour has a consensus rating of “Hold” and an average price target of $6.44.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UAA. Merit Financial Group LLC bought a new stake in shares of Under Armour in the fourth quarter valued at approximately $65,000. Childress Capital Advisors LLC bought a new stake in Under Armour in the 4th quarter valued at $64,000. State of Alaska Department of Revenue boosted its holdings in Under Armour by 372.3% in the 4th quarter. State of Alaska Department of Revenue now owns 96,151 shares of the company’s stock valued at $477,000 after purchasing an additional 75,791 shares during the period. Oak Thistle LLC acquired a new stake in Under Armour in the 4th quarter worth $760,000. Finally, Portside Wealth Group LLC bought a new position in shares of Under Armour during the 4th quarter worth about $52,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

About Under Armour

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.