Under Armour Sees Unusually High Options Volume (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA - Get Free Report) saw unusually large options trading on Friday. Stock traders bought 21,664 put options on the company. This represents an increase of 191% compared to the average volume of 7,435 put options.

Insider Transactions at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the transaction, the insider now directly owns 172,899 shares of the company's stock, valued at $1,523,240.19. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David Bergman sold 30,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now owns 494,210 shares of the company's stock, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,879 shares of company stock worth $508,642 in the last three months. 15.60% of the stock is currently owned by company insiders.

Institutional Trading of Under Armour

A number of institutional investors have recently added to or reduced their stakes in UAA. Sei Investments Co. lifted its position in shares of Under Armour by 10.2% during the 2nd quarter. Sei Investments Co. now owns 18,989 shares of the company's stock worth $127,000 after purchasing an additional 1,764 shares during the last quarter. Algert Global LLC bought a new position in shares of Under Armour during the 2nd quarter worth about $127,000. SG Americas Securities LLC boosted its position in shares of Under Armour by 54.1% during the 3rd quarter. SG Americas Securities LLC now owns 115,383 shares of the company's stock valued at $1,028,000 after acquiring an additional 40,521 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Under Armour by 21.1% in the third quarter. Handelsbanken Fonder AB now owns 52,700 shares of the company's stock valued at $470,000 after acquiring an additional 9,200 shares during the period. Finally, CWM LLC raised its position in Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company's stock worth $73,000 after purchasing an additional 1,409 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Price Performance

Shares of NYSE:UAA traded down $0.17 during trading hours on Tuesday, hitting $7.12. 8,033,424 shares of the company's stock traded hands, compared to its average volume of 10,217,218. The company's fifty day simple moving average is $8.57 and its two-hundred day simple moving average is $8.48. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -24.57 and a beta of 1.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.01. Under Armour has a 52 week low of $6.17 and a 52 week high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last issued its earnings results 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 positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the business posted $0.19 EPS. As a group, equities analysts anticipate that Under Armour will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UAA has been the subject of several recent analyst reports. Argus downgraded Under Armour from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Robert W. Baird upped their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Evercore ISI cut their price objective on Under Armour from $8.00 to $7.00 and set an "underperform" rating on the stock in a research note on Monday. Truist Financial raised their price objective on Under Armour from $8.00 to $11.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Finally, Barclays decreased their price target on shares of Under Armour from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Monday. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $9.09.

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.