Deltroit Asset Management UK LLP Buys New Shares in Under Armour, Inc. $UAA

Deltroit Asset Management UK LLP bought a new stake in Under Armour, Inc. (NYSE:UAA) during the 4th quarter, HoldingsChannel reports. The firm bought 1,993,846 shares of the company’s stock, valued at approximately $9,909,000. Under Armour makes up 1.4% of Deltroit Asset Management UK LLP’s investment portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its stake 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 in the last quarter. Goldman Sachs Group Inc. increased its stake in Under Armour by 33.1% in the first quarter. Goldman Sachs Group Inc. now owns 328,746 shares of the company’s stock valued at $2,055,000 after purchasing an additional 81,732 shares in the last quarter. United Services Automobile Association bought a new stake in Under Armour in the first quarter valued at $83,000. Creative Planning increased its stake in Under Armour by 70.8% in the second quarter. Creative Planning now owns 30,457 shares of the company’s stock valued at $208,000 after purchasing an additional 12,620 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Under Armour by 27.0% in the second quarter. Prudential Financial Inc. now owns 22,191 shares of the company’s stock valued at $152,000 after purchasing an additional 4,718 shares in the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Trading Down 0.4%

NYSE:UAA opened at $5.56 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.62 and a quick ratio of 1.08. The firm has a 50-day moving average of $5.88 and a 200-day moving average of $5.82. The company has a market cap of $2.37 billion, a PE ratio of -4.79, a PEG ratio of 1.77 and a beta of 1.69. Under Armour, Inc. has a one year low of $4.13 and a one year high of $8.15.

Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Under Armour had a negative net margin of 9.98% and a positive return on equity of 3.01%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q1 2027 guidance at 0.000-0.020 EPS. As a group, equities research analysts expect that Under Armour, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

UAA has been the subject of several research analyst reports. Truist Financial decreased their price target on shares of Under Armour from $8.00 to $5.00 and set a “hold” rating for the company in a research note on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $6.00 price target on shares of Under Armour in a research note on Wednesday, May 13th. Barclays set a $5.00 price target on shares of Under Armour and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Zacks Research downgraded shares of Under Armour from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Stifel Nicolaus set a $6.00 price target on shares of Under Armour and gave the company a “hold” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Under Armour currently has an average rating of “Reduce” and a consensus target price of $5.91.

Insider Activity at Under Armour

In other Under Armour news, major shareholder V Prem Et Al Watsa bought 739,521 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $4.97 per share, with a total value of $3,675,419.37. Following the completion of the transaction, the insider directly owned 44,179,116 shares in the company, valued at approximately $219,570,206.52. The trade was a 1.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have bought 1,178,344 shares of company stock worth $5,865,147 over the last ninety days. Insiders own 15.60% of the company’s stock.

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.