Under Armour
About: Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and elsewhere. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through direct-to-consumer, including e-commerce and more than 400 combined factory house and brand house stores, and wholesale channels. Under Armour also operates a digital fitness app called MapMyFitness. The Baltimore-based company was founded in 1996 and is led by controlling shareholder Kevin Plank.
Employees: 15,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
19% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 101
4.76% more ownership
Funds ownership: 84.33% [Q1] → 89.09% (+4.76%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
4% less funds holding
Funds holding: 381 [Q1] → 366 (-15) [Q2]
5% less capital invested
Capital invested by funds: $1.18B [Q1] → $1.12B (-$59.4M) [Q2]
23% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 65
66% less call options, than puts
Call options by funds: $47.2M | Put options by funds: $137M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
BMO Capital Simeon Siegel 73% 1-year accuracy 16 / 22 met price target | 20%upside $11 | Outperform Maintained | 16 Sept 2024 |
Telsey Advisory Group Cristina Fernandez 58% 1-year accuracy 11 / 19 met price target | 12%downside $8 | Market Perform Maintained | 9 Aug 2024 |
Wedbush Tom Nikic 59% 1-year accuracy 20 / 34 met price target | 7%downside $8.50 | Outperform Maintained | 9 Aug 2024 |
Barclays Adrienne Yih 49% 1-year accuracy 20 / 41 met price target | 12%downside $8 | Equal-Weight Maintained | 9 Aug 2024 |
Truist Securities Joseph Civello 44% 1-year accuracy 4 / 9 met price target | 12%downside $8 | Hold Maintained | 9 Aug 2024 |
