Stock Traders Purchase Large Volume of Put Options on Under Armour (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA - Get Free Report) was the recipient of unusually large options trading on Monday. Stock investors acquired 13,104 put options on the stock. This is an increase of 78% compared to the average volume of 7,382 put options.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. 111 Capital acquired a new stake in shares of Under Armour in the fourth quarter valued at about $412,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Under Armour by 30.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,035 shares of the company's stock worth $149,000 after purchasing an additional 4,175 shares during the last quarter. Mackenzie Financial Corp raised its position in Under Armour by 421.4% in the 4th quarter. Mackenzie Financial Corp now owns 53,241 shares of the company's stock valued at $441,000 after purchasing an additional 43,029 shares during the last quarter. Vise Technologies Inc. increased its position in Under Armour by 13.7% in the 4th quarter. Vise Technologies Inc. now owns 36,365 shares of the company's stock valued at $301,000 after acquiring an additional 4,371 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Under Armour by 279.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,727,901 shares of the company's stock worth $14,307,000 after purchasing an additional 1,273,129 shares during the last quarter. 34.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. TD Cowen upped their price target on shares of Under Armour from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Guggenheim restated a "neutral" rating on shares of Under Armour in a research report on Friday, February 7th. UBS Group cut their price target on Under Armour from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Morgan Stanley reissued an "underweight" rating and issued a $4.00 price objective on shares of Under Armour in a report on Friday, December 13th. Finally, Barclays cut their target price on Under Armour from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $9.06.

Under Armour Stock Down 2.3 %

NYSE UAA traded down $0.13 during trading on Friday, reaching $5.24. The company's stock had a trading volume of 30,139,089 shares, compared to its average volume of 11,424,621. The stock has a market capitalization of $2.25 billion, a PE ratio of -18.05 and a beta of 1.49. The business has a 50-day moving average price of $7.05 and a 200-day moving average price of $8.24. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. Under Armour has a 1-year low of $4.85 and a 1-year high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, research analysts forecast 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.