Credit Industriel ET Commercial Invests $9.08 Million in Under Armour, Inc. $UAA

Credit Industriel ET Commercial acquired a new position in shares of Under Armour, Inc. (NYSE:UAA) during the first quarter, HoldingsChannel reports. The firm acquired 1,536,404 shares of the company’s stock, valued at approximately $9,080,000. Under Armour comprises 0.7% of Credit Industriel ET Commercial’s holdings, making the stock its 12th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL increased its holdings in Under Armour by 40.0% during the 4th quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock worth $26,000 after purchasing an additional 1,476 shares in the last quarter. Vident Advisory LLC boosted its stake in Under Armour by 13.6% in the 4th quarter. Vident Advisory LLC now owns 12,651 shares of the company’s stock valued at $63,000 after purchasing an additional 1,512 shares during the period. HUB Investment Partners LLC grew its holdings in Under Armour by 12.9% in the 2nd quarter. HUB Investment Partners LLC now owns 21,810 shares of the company’s stock valued at $149,000 after buying an additional 2,489 shares in the last quarter. M&T Bank Corp increased its position in Under Armour by 23.2% during the 2nd quarter. M&T Bank Corp now owns 13,296 shares of the company’s stock worth $91,000 after buying an additional 2,504 shares during the period. Finally, Nuveen LLC lifted its holdings in shares of Under Armour by 1.1% during the fourth quarter. Nuveen LLC now owns 241,677 shares of the company’s stock worth $1,201,000 after buying an additional 2,541 shares in the last quarter. 34.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UAA. BNP Paribas Exane cut their price target on Under Armour from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. Stifel Nicolaus set a $6.00 price objective on Under Armour and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Barclays set a $5.00 price target on shares of Under Armour and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Under Armour in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $5.91.

Under Armour Stock Performance

Shares of UAA opened at $6.88 on Tuesday. The stock has a market capitalization of $2.93 billion, a P/E ratio of -5.94, a price-to-earnings-growth ratio of 2.10 and a beta of 1.67. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $5.88 and its two-hundred day simple moving average is $6.08. Under Armour, Inc. has a 12 month low of $4.13 and a 12 month high of $8.15.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Under Armour had a negative net margin of 9.98% and a positive return on equity of 3.01%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) EPS. 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, analysts predict that Under Armour, Inc. will post 0.12 EPS for the current year.

Insider Activity at Under Armour

In other news, major shareholder V Prem Et Al Watsa bought 739,521 shares of the stock in a transaction dated Wednesday, May 13th. The shares were 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 of the company’s stock, valued at $219,570,206.52. This trade represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 1,178,344 shares of company stock worth $5,865,147 in the last ninety days. Insiders own 15.60% of the company’s stock.

Under Armour Profile

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.