Investors Buy High Volume of Put Options on Under Armour (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) was the target of unusually large options trading on Tuesday. Traders bought 11,128 put options on the stock. This represents an increase of 89% compared to the typical volume of 5,886 put options.

Wall Street Analyst Weigh In

UAA has been the topic of several recent analyst reports. UBS Group raised their price target on Under Armour from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Evercore ISI dropped their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Monday, February 10th. Argus cut shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Guggenheim reissued a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Finally, KGI Securities assumed coverage on shares of Under Armour in a research note on Friday, March 7th. They set a “neutral” rating and a $7.40 price target on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.18.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in Under Armour during the 4th quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Under Armour in the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. purchased a new position in shares of Under Armour in the fourth quarter worth $40,000. Harbour Investments Inc. lifted its holdings in shares of Under Armour by 438.2% during the fourth quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Vident Advisory LLC purchased a new stake in shares of Under Armour during the fourth quarter valued at $85,000. 34.58% of the stock is currently owned by institutional investors.

Under Armour Stock Down 3.5 %

Shares of NYSE UAA opened at $5.70 on Wednesday. The firm has a fifty day simple moving average of $6.13 and a two-hundred day simple moving average of $7.75. Under Armour has a 12 month low of $4.78 and a 12 month high of $11.89. 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 has a market capitalization of $2.45 billion, a PE ratio of -19.64 and a beta of 1.54.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earnings per share. Equities analysts expect that Under Armour will post 0.3 earnings per share for the current year.

Under Armour Company Profile

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.