Under Armour Target of Unusually Large Options Trading (NYSE:UAA)

Under Armour, Inc. (NYSE:UAAGet Free Report) was the target of some unusual options trading on Thursday. Traders purchased 18,771 put options on the company. This represents an increase of 476% compared to the average daily volume of 3,260 put options.

Insiders Place Their Bets

In other news, major shareholder V Prem Et Al Watsa purchased 739,521 shares of the stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $4.97 per share, for a total transaction of $3,675,419.37. Following the acquisition, the insider directly owned 44,179,116 shares of the company’s stock, valued at approximately $219,570,206.52. The trade was a 1.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 1,178,344 shares of company stock worth $5,865,147 over the last ninety days. Company insiders own 15.70% of the company’s stock.

Institutional Trading of Under Armour

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blair William & Co. IL raised its position in Under Armour by 40.0% in the fourth quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock valued at $26,000 after purchasing an additional 1,476 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Under Armour by 202.7% during the fourth quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock valued at $42,000 after purchasing an additional 5,662 shares in the last quarter. State of Wyoming purchased a new stake in Under Armour in the second quarter worth $44,000. Equitable Holdings Inc. purchased a new position in shares of Under Armour in the fourth quarter worth $51,000. Finally, Portside Wealth Group LLC purchased a new position in shares of Under Armour during the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Stock Performance

NYSE UAA traded down $0.17 on Thursday, reaching $6.58. The stock had a trading volume of 2,334,173 shares, compared to its average volume of 9,548,393. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.62. The business’s 50-day moving average price is $6.40 and its 200 day moving average price is $6.36. Under Armour has a 12-month low of $4.13 and a 12-month high of $8.15. The stock has a market cap of $2.81 billion, a P/E ratio of -5.68, a price-to-earnings-growth ratio of 2.26 and a beta of 1.67.

Under Armour (NYSE:UAAGet Free Report) last posted its earnings results on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Under Armour had a positive return on equity of 3.01% and a negative net margin of 9.98%.The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company earned ($0.08) earnings per share. The business’s revenue was down .8% compared to the same quarter last year. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q1 2027 guidance at 0.000-0.020 EPS. As a group, equities analysts expect that Under Armour will post 0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Zacks Research cut shares of Under Armour from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded Under Armour from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. Stifel Nicolaus set a $6.00 target price on shares of Under Armour and gave the company a “hold” rating in a research report on Tuesday, May 12th. Truist Financial cut their price objective on shares of Under Armour from $8.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, May 13th. Finally, UBS Group restated a “buy” rating and set a $10.00 price objective (down from $11.00) on shares of Under Armour in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $5.91.

View Our Latest Report on Under Armour

About Under Armour

(Get Free Report)

Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.

Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.

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