Prem Watsa’s Fairfax Financial accumulates 1.2M Under Armour shares at under $5, betting on margin expansion and FY27 profitability.
Fairfax Financial, led by investor Prem Watsa, has accumulated nearly 1.2M shares of Under Armour (UAA) at prices under $5 in structured blocks as of May 2026. The move signals strong conviction in the company’s turnaround potential amid four consecutive quarters of earnings beats and rapid international growth.
Under Armour trades at $5.78, with management guiding for its first positive adjusted EPS in FY27. Gross margins are expected to expand by 220–270 basis points, reinforcing optimism about the company’s recovery. The stock has faced sustained pressure despite recent operational improvements.
The accumulation by a high-profile value investor highlights growing interest in Under Armour’s long-term prospects, though broader market sentiment remains cautious on the apparel sector.