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

Under Armour Inc (NYSE:UAA) was the target of unusually large options trading activity on Monday. Traders bought 18,971 put options on the stock. This represents an increase of approximately 1,127% compared to the typical volume of 1,546 put options.

Several research firms have commented on UAA. Credit Suisse Group set a $26.00 price target on shares of Under Armour and gave the stock a “neutral” rating in a research note on Monday. Pivotal Research reiterated a “hold” rating and set a $22.00 target price (down previously from $24.00) on shares of Under Armour in a research note on Thursday, February 7th. B. Riley reiterated a “sell” rating and set a $12.00 target price on shares of Under Armour in a research note on Tuesday, February 5th. ValuEngine upgraded shares of Under Armour from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Goldman Sachs Group upgraded shares of Under Armour from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $28.00 in a research note on Tuesday, January 22nd. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.97.

Shares of UAA opened at $20.78 on Tuesday. Under Armour has a 1-year low of $13.85 and a 1-year high of $24.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.09. The firm has a market capitalization of $9.30 billion, a P/E ratio of 109.37, a P/E/G ratio of 2.73 and a beta of 0.42.

Large investors have recently made changes to their positions in the company. Bremer Trust National Association purchased a new stake in shares of Under Armour in the fourth quarter valued at about $32,000. Penserra Capital Management LLC raised its holdings in shares of Under Armour by 235.9% in the fourth quarter. Penserra Capital Management LLC now owns 4,528 shares of the company’s stock valued at $80,000 after buying an additional 3,180 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Under Armour in the fourth quarter valued at about $99,000. Exane Derivatives raised its holdings in shares of Under Armour by 15,240.0% in the third quarter. Exane Derivatives now owns 6,903 shares of the company’s stock valued at $148,000 after buying an additional 6,858 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in shares of Under Armour in the fourth quarter valued at about $123,000. 38.05% of the stock is owned by institutional investors and hedge funds.

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About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes.

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