Oak Thistle LLC Takes Position in Under Armour, Inc. $UAA
by Tristan Rich · The Markets DailyOak Thistle LLC acquired a new stake in Under Armour, Inc. (NYSE:UAA – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 152,943 shares of the company’s stock, valued at approximately $760,000.
Several other hedge funds have also recently bought and sold shares of UAA. Marshall Wace LLP lifted its stake in Under Armour by 113.8% in the third quarter. Marshall Wace LLP now owns 6,296,543 shares of the company’s stock valued at $31,420,000 after buying an additional 3,351,976 shares in the last quarter. Whitebox Advisors LLC bought a new stake in shares of Under Armour during the third quarter worth $11,237,000. Fort Baker Capital Management LP acquired a new stake in shares of Under Armour during the third quarter worth $8,624,000. Ovata Capital Management Ltd acquired a new stake in shares of Under Armour during the third quarter worth $6,980,000. Finally, Man Group plc bought a new stake in Under Armour in the 3rd quarter valued at $5,829,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.
Under Armour Price Performance
NYSE:UAA opened at $6.13 on Friday. The stock has a market capitalization of $2.61 billion, a PE ratio of -5.02, a P/E/G ratio of 2.44 and a beta of 1.81. Under Armour, Inc. has a 1-year low of $4.13 and a 1-year high of $8.15. The firm has a fifty day simple moving average of $6.64 and a 200 day simple moving average of $5.52. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27.
Under Armour (NYSE:UAA – Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.11. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Under Armour had a negative net margin of 10.44% and a positive return on equity of 1.48%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. Under Armour has set its FY 2026 guidance at 0.100-0.110 EPS. On average, research analysts expect that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have issued reports on UAA. Barclays set a $8.00 target price on Under Armour and gave the stock an “equal weight” rating in a report on Monday, February 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $7.00 price objective (up from $5.50) on shares of Under Armour in a research report on Monday, February 9th. UBS Group reiterated a “buy” rating and set a $11.00 price objective on shares of Under Armour in a report on Monday, February 9th. Truist Financial set a $6.00 target price on Under Armour in a research report on Wednesday, January 14th. Finally, Argus upgraded Under Armour to a “hold” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.91.
Check Out Our Latest Research Report on UAA
Insider Activity
In other news, major shareholder V Prem Et Al Watsa bought 1,112,119 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was acquired at an average cost of $6.21 per share, for a total transaction of $6,906,258.99. Following the purchase, the insider owned 43,000,872 shares of the company’s stock, valued at approximately $267,035,415.12. This trade represents a 2.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders have bought 13,583,722 shares of company stock valued at $80,555,375. 15.60% of the stock is currently owned by corporate insiders.
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.