Stock Traders Buy High Volume of Under Armour Put Options (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) saw unusually large options trading on Tuesday. Stock investors acquired 11,128 put options on the company. This is an increase of 89% compared to the average volume of 5,886 put options.

Analyst Ratings Changes

A number of research firms have weighed in on UAA. StockNews.com raised shares of Under Armour from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. UBS Group increased their price objective on shares of Under Armour from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Wells Fargo & Company cut their target price on Under Armour from $7.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Barclays dropped their price target on Under Armour from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Finally, Argus cut Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.18.

Hedge Funds Weigh In On Under Armour

Several hedge funds have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA bought a new position in Under Armour in the 4th quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour in the fourth quarter worth about $27,000. SBI Securities Co. Ltd. bought a new stake in Under Armour during the 4th quarter valued at approximately $40,000. Harbour Investments Inc. grew its holdings in shares of Under Armour by 438.2% during the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock worth $51,000 after acquiring an additional 5,000 shares during the period. Finally, Vident Advisory LLC purchased a new position in shares of Under Armour during the 4th quarter worth approximately $85,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Price Performance

NYSE:UAA traded down $0.09 during trading hours on Tuesday, hitting $5.82. 3,936,024 shares of the company’s stock traded hands, compared to its average volume of 12,299,662. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $6.15 and its two-hundred day simple moving average is $7.76. The firm has a market cap of $2.50 billion, a P/E ratio of -20.05 and a beta of 1.54. Under Armour has a 52 week low of $4.78 and a 52 week high of $11.89.

Under Armour (NYSE:UAA) last released its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the prior year, the business posted $0.19 earnings per share. On average, research analysts anticipate that Under Armour will post 0.3 earnings per share for the current fiscal year.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.