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

Under Armour, Inc. (NYSE:UAA) was the target of unusually large options trading on Tuesday. Stock investors acquired 11,128 put options on the company. This is an increase of approximately 89% compared to the average daily volume of 5,886 put options.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. UBS Group lifted their price target on shares of Under Armour from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Citigroup lowered their price target on Under Armour from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Evercore ISI reduced their price objective on Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Monday, February 10th. Needham & Company LLC reiterated a “hold” rating on shares of Under Armour in a research report on Friday, February 7th. Finally, StockNews.com raised Under Armour from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Under Armour has an average rating of “Hold” and a consensus price target of $8.18.

Hedge Funds Weigh In On Under Armour

Large investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of Under Armour by 193.2% during the fourth quarter. FMR LLC now owns 28,317,951 shares of the company’s stock worth $234,473,000 after purchasing an additional 18,658,128 shares during the last quarter. Vanguard Group Inc. grew its stake in Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock worth $128,741,000 after acquiring an additional 263,988 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of Under Armour by 55.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 9,789,553 shares of the company’s stock worth $81,057,000 after acquiring an additional 3,503,006 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Under Armour by 10.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,528,935 shares of the company’s stock valued at $45,780,000 after acquiring an additional 533,417 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Under Armour by 13.7% in the fourth quarter. Renaissance Technologies LLC now owns 4,837,800 shares of the company’s stock valued at $40,057,000 after purchasing an additional 581,800 shares during the period. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Under Armour Trading Down 1.4 %

NYSE:UAA traded down $0.09 during midday trading on Tuesday, hitting $5.82. 3,936,024 shares of the company traded hands, compared to its average volume of 12,299,662. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average is $6.15 and its 200-day moving average is $7.76. The firm has a market capitalization of $2.50 billion, a P/E ratio of -20.05 and a beta of 1.54. Under Armour has a 12-month low of $4.78 and a 12-month high of $11.89.

Under Armour (NYSE:UAA) last announced its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, beating 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 in the prior year, the company earned $0.19 EPS. On average, sell-side analysts predict that Under Armour will post 0.3 EPS for the current 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.