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

Under Armour logo with Consumer Discretionary background

Under Armour, Inc. (NYSE:UAA - Get Free Report) saw unusually large options trading activity on Friday. Stock investors purchased 13,363 put options on the stock. This is an increase of 79% compared to the average volume of 7,460 put options.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on UAA shares. 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 note on Friday. Robert W. Baird upped their target price on shares of Under Armour from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Under Armour in a report on Friday. BMO Capital Markets boosted their price target on Under Armour from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Finally, Morgan Stanley restated an "underweight" rating and issued a $4.00 price target on shares of Under Armour in a report on Friday. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $9.34.

Get Our Latest Research Report on Under Armour

Insiders Place Their Bets

In other news, CFO David Bergman sold 30,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the transaction, the chief financial officer now owns 494,210 shares of the company's stock, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares in the company, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,879 shares of company stock valued at $508,642. Insiders own 15.60% of the company's stock.

Institutional Investors Weigh In On Under Armour

A number of large investors have recently modified their holdings of the stock. Quantbot Technologies LP boosted its stake in shares of Under Armour by 288.1% in the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company's stock valued at $3,772,000 after purchasing an additional 314,226 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in Under Armour by 1.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company's stock worth $36,102,000 after buying an additional 70,731 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Under Armour in the 3rd quarter valued at about $576,000. International Assets Investment Management LLC grew its stake in shares of Under Armour by 2,413.5% during the third quarter. International Assets Investment Management LLC now owns 71,636 shares of the company's stock valued at $638,000 after acquiring an additional 68,786 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Under Armour by 48.1% during the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company's stock worth $5,470,000 after acquiring an additional 199,348 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company's stock.

Under Armour Trading Down 8.1 %

UAA stock traded down $0.78 during midday trading on Friday, reaching $8.81. 16,982,341 shares of the company's stock traded hands, compared to its average volume of 10,179,003. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The business has a 50-day moving average price of $9.34 and a two-hundred day moving average price of $8.04. The company has a market capitalization of $3.81 billion, a P/E ratio of -293.67 and a beta of 1.69.

Under Armour Company Profile

(Get Free Report)

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.

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