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

Under Armour, Inc. (NYSE:UAA) was the target of some unusual options trading activity on Friday. Stock traders purchased 79,012 put options on the stock. This is an increase of approximately 990% compared to the typical volume of 7,246 put options.

Under Armour Stock Performance

Shares of Under Armour stock opened at $4.97 on Friday. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -4.33, a P/E/G ratio of 1.89 and a beta of 1.62. The company’s fifty day moving average is $4.87 and its 200 day moving average is $5.94. The company has a quick ratio of 0.96, a current ratio of 1.81 and a debt-to-equity ratio of 0.41. Under Armour has a twelve month low of $4.13 and a twelve month high of $8.15.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030–0.010 EPS. Sell-side analysts forecast that Under Armour will post 0.10 EPS for the current year.

Insider Buying and Selling at Under Armour

In other Under Armour news, CFO Reza Taleghani bought 18,656 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $5.37 per share, for a total transaction of $100,182.72. Following the purchase, the chief financial officer directly owned 87,621 shares in the company, valued at $470,524.77. This trade represents a 27.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UAA. ProShare Advisors LLC purchased a new position in Under Armour in the 3rd quarter worth about $118,000. Transmarket Holdings LP purchased a new position in Under Armour during the 3rd quarter valued at approximately $4,681,000. VestGen Advisors LLC raised its stake in Under Armour by 84.2% during the third quarter. VestGen Advisors LLC now owns 34,635 shares of the company’s stock valued at $154,000 after purchasing an additional 15,833 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Under Armour by 177.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 31,171 shares of the company’s stock valued at $139,000 after acquiring an additional 19,935 shares during the last quarter. Finally, Gibbs Wealth Management bought a new stake in shares of Under Armour in the 3rd quarter valued at approximately $83,000. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Wall Street Analyst Weigh In

UAA has been the topic of a number of research reports. UBS Group restated a “buy” rating and set a $8.00 target price (down from $9.00) on shares of Under Armour in a research report on Wednesday. Weiss Ratings raised shares of Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Morgan Stanley set a $4.00 price objective on Under Armour and gave the stock an “equal weight” rating in a report on Thursday, September 10th. Barclays lowered Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research report on Tuesday, August 11th. Finally, Truist Financial raised their price target on shares of Under Armour from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Under Armour currently has an average rating of “Reduce” and a consensus target price of $5.69.

About Under Armour

Under Armour, Inc develops, markets and distributes performance apparel, footwear and accessories under the Under Armour brand. Its products are designed for athletes and active consumers and include training and competition apparel, sports bras, outerwear, athletic shoes, bags, headwear and other accessories. The company’s product technologies include fabric and footwear platforms such as HeatGear, ColdGear, HOVR and UA Flow.

Under Armour sells its products through wholesale distributors and retailers, as well as through its own brand and factory stores and digital commerce platforms.