Louisiana State Employees Retirement System Purchases Shares of 83,700 Under Armour, Inc. $UAA

Louisiana State Employees Retirement System acquired a new stake in Under Armour, Inc. (NYSE:UAA) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 83,700 shares of the company’s stock, valued at approximately $495,000.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Under Armour by 5.3% during the first quarter. Royal Bank of Canada now owns 1,158,649 shares of the company’s stock worth $7,242,000 after acquiring an additional 58,701 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Under Armour by 33.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 328,746 shares of the company’s stock valued at $2,055,000 after acquiring an additional 81,732 shares in the last quarter. United Services Automobile Association bought a new position in Under Armour in the 1st quarter valued at about $83,000. Creative Planning boosted its stake in Under Armour by 70.8% during the 2nd quarter. Creative Planning now owns 30,457 shares of the company’s stock valued at $208,000 after purchasing an additional 12,620 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Under Armour by 27.0% during the 2nd 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 during the last quarter. 34.58% of the stock is owned by institutional investors.

Under Armour Stock Performance

Shares of UAA opened at $6.49 on Thursday. 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 company has a market capitalization of $2.76 billion, a price-to-earnings ratio of -5.59, a PEG ratio of 2.13 and a beta of 1.67. The stock has a 50 day moving average of $5.89 and a 200 day moving average of $6.11. Under Armour, Inc. has a 12 month low of $4.13 and a 12 month high of $8.15.

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

Insider Buying and Selling at Under Armour

In related news, major shareholder V Prem Et Al Watsa purchased 739,521 shares of Under Armour stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $4.97 per share, for a total transaction of $3,675,419.37. Following the completion of the transaction, the insider owned 44,179,116 shares in the company, valued at $219,570,206.52. This represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have bought 1,178,344 shares of company stock valued at $5,865,147. 15.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Telsey Advisory Group lowered their price objective on Under Armour from $6.00 to $5.50 and set a “market perform” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen raised Under Armour from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. UBS Group reiterated a “buy” rating and issued a $10.00 target price (down from $11.00) on shares of Under Armour in a research note on Thursday, May 14th. Truist Financial lowered their target price on shares of Under Armour from $8.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $6.00 price target on shares of Under Armour and gave the company a “hold” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Under Armour currently has a consensus rating of “Reduce” and an average price target of $5.91.

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.