Under Armour (UAA)

• Market cap: $2.48B
• 1 day: -1.55%
• 5 days: -3.54%
• 1 month: -8.48%
• 3 months: -33.95%
• 6 months: -34.03%
• Year to date: -29.38%
• 1 year: -15.01%
• 5 years: -45.11%
• 10 years: -85.14%
• Sector: Consumer Discretionary
• Industry: Apparel Manufacturing

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. 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 Q4 regulatory disclosures by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]

13% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 62

5.35% more ownership

Funds ownership: 96.29% [Q3] → 101.64% (+5.35%) [Q4]

1% more funds holding

Funds holding: 381 [Q3] → 384 (+3) [Q4]

2% less capital invested

Capital invested by funds: $1.62B [Q3] → $1.59B (-$30.4M) [Q4]

9% less repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 119

41% less call options, than puts

Call options by funds: $55.9M | Put options by funds: $94.4M

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $4 30% downside
• Avg. target: $7.63 33% upside
• High target: $11 92% upside

7 analyst ratings

• positive: 1 14%
• neutral: 5 71%
• negative: 1 14%

Wells Fargo Ike Boruchow 37% 1-year accuracy 22 / 60 met price target	30% downside $4	Equal-Weight Maintained	30 Apr 2025
Citigroup Paul Lejuez 43% 1-year accuracy 21 / 49 met price target	5% upside $6	Neutral Maintained	28 Apr 2025
Stifel Jim Duffy 28% 1-year accuracy 11 / 39 met price target	92% upside $11	Buy Maintained	10 Apr 2025
KGI Securities	29% upside $7.40	Neutral Initiated	7 Mar 2025
Evercore ISI Group Michael Binetti 38% 1-year accuracy 15 / 40 met price target	22% upside $7	Underperform Maintained	10 Feb 2025