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

Under Armour, Inc. (NYSE:UAA) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 9,075 call options on the stock. This represents an increase of 136% compared to the typical daily volume of 3,853 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Advisers LP lifted its holdings in shares of Under Armour by 14.4% in the fourth quarter. Two Sigma Advisers LP now owns 3,176,400 shares of the company’s stock worth $32,272,000 after acquiring an additional 400,500 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Under Armour by 527.9% in the first quarter. Tower Research Capital LLC TRC now owns 81,948 shares of the company’s stock worth $777,000 after acquiring an additional 68,896 shares during the last quarter. Acrisure Capital Management LLC bought a new position in shares of Under Armour in the fourth quarter worth about $118,000. Boothbay Fund Management LLC raised its holdings in Under Armour by 1,607.2% in the 1st quarter. Boothbay Fund Management LLC now owns 1,470,990 shares of the company’s stock valued at $13,960,000 after buying an additional 1,384,825 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in Under Armour in the 1st quarter valued at approximately $315,000. Institutional investors own 38.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on UAA. TheStreet downgraded shares of Under Armour from a “c-” rating to a “d” rating in a report on Tuesday, August 8th. Telsey Advisory Group decreased their price objective on shares of Under Armour from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Wednesday, August 9th. StockNews.com began coverage on shares of Under Armour in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company downgraded shares of Under Armour from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $12.00 to $8.00 in a research note on Friday, June 23rd. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.21.

Under Armour Trading Up 0.3 %

UAA opened at $7.26 on Thursday. Under Armour has a twelve month low of $6.38 and a twelve month high of $13.05. The company has a 50-day simple moving average of $7.70 and a 200 day simple moving average of $8.09. The company has a quick ratio of 1.14, a current ratio of 2.04 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 1.23 and a beta of 1.62.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.05. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Under Armour had a net margin of 6.60% and a return on equity of 13.59%. Under Armour’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. Analysts predict that Under Armour will post 0.49 EPS for the current fiscal year.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes 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.