Under Armour (UAA)

• Market cap: $3.55B
• 1 day: 1.49%
• 5 days: 0.99%
• 1 month: -5.20%
• 3 months: -13.50%
• 6 months: 19.01%
• Year to date: 1.23%
• 1 year: 10.51%
• 5 years: -59.78%
• 10 years: -74.77%
• Sector: Consumer Staples
• Industry: Apparel & Other Finished Products Made From Fabrics & Similar Materials

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 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

43% more capital invested

Capital invested by funds: $1.13B [Q2] → $1.62B (+$492M) [Q3]

28% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 57

6.2% more ownership

Funds ownership: 90.38% [Q2] → 96.58% (+6.2%) [Q3]

3% more funds holding

Funds holding: 366 [Q2] → 378 (+12) [Q3]

28% less repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 123

58% less call options, than puts

Call options by funds: $34.4M | Put options by funds: $82.4M

Research analyst outlook

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

• Low target: $4 51% downside
• Avg. target: $10.50 28% upside
• High target: $16 95% upside

8 analyst ratings

• positive: 1 13%
• neutral: 6 75%
• negative: 1 13%

Barclays Adrienne Yih 51% 1-year accuracy 48 / 95 met price target	34% upside $11	Equal-Weight Maintained	16 Dec 2024
Morgan Stanley Alex Straton 79% 1-year accuracy 23 / 29 met price target	51% downside $4	Underweight Reiterated	13 Dec 2024
TD Cowen John Kernan 75% 1-year accuracy 45 / 60 met price target	34% upside $11	Hold Maintained	13 Dec 2024
Telsey Advisory Group Cristina Fernandez 76% 1-year accuracy 25 / 33 met price target	22% upside $10	Market Perform Maintained	13 Dec 2024
UBS Jay Sole 67% 1-year accuracy 32 / 48 met price target	95% upside $16	Buy Maintained	8 Nov 2024