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

Under Armour, Inc. (NYSE:UAA - Get Free Report) was the target of unusually large options trading activity on Monday. Traders bought 13,104 put options on the stock. This represents an increase of 78% compared to the average daily volume of 7,382 put options.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. 111 Capital bought a new stake in shares of Under Armour in the 4th quarter worth about $412,000. Wealth Enhancement Advisory Services LLC grew its stake in Under Armour by 30.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,035 shares of the company's stock worth $149,000 after buying an additional 4,175 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Under Armour by 421.4% during the fourth quarter. Mackenzie Financial Corp now owns 53,241 shares of the company's stock worth $441,000 after buying an additional 43,029 shares in the last quarter. Vise Technologies Inc. raised its stake in shares of Under Armour by 13.7% in the fourth 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 acquiring an additional 1,273,129 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Evercore ISI dropped their price target on shares of Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a research note on Monday, February 10th. Argus downgraded shares of Under Armour from a "buy" rating to a "hold" rating in a research report on Thursday, January 16th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 price target on shares of Under Armour in a research report on Thursday, February 6th. Needham & Company LLC reissued a "hold" rating on shares of Under Armour in a report on Friday, February 7th. Finally, Guggenheim reissued a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Under Armour has an average rating of "Hold" and a consensus price target of $9.06.

Remove Ads

Under Armour Stock Performance

UAA traded down $1.18 during trading on Thursday, reaching $5.42. 18,207,863 shares of the company's stock were exchanged, compared to its average volume of 11,261,434. Under Armour has a fifty-two week low of $5.37 and a fifty-two week high of $11.89. The company has a market capitalization of $2.33 billion, a P/E ratio of -18.69 and a beta of 1.63. 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 has a 50 day moving average price of $7.18 and a 200 day moving average price of $8.28.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the firm earned $0.19 earnings per share. As a group, analysts predict that Under Armour will post 0.3 earnings per share for the current fiscal year.

Under Armour Company Profile

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.