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

Under Armour, Inc. (NYSE:UAA) was the target of some unusual options trading on Friday. Stock traders acquired 79,012 put options on the stock. This is an increase of 990% compared to the average volume of 7,246 put options.

Insiders Place Their Bets

In other Under Armour news, CFO Reza Taleghani bought 18,656 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $5.37 per share, for a total transaction of $100,182.72. Following the completion of the transaction, the chief financial officer directly owned 87,621 shares in the company, valued at approximately $470,524.77. The trade was a 27.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 15.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently added to or reduced their stakes in UAA. Versant Capital Management Inc increased its position in Under Armour by 94.1% in the 3rd quarter. Versant Capital Management Inc now owns 6,155 shares of the company’s stock valued at $27,000 after acquiring an additional 2,984 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Under Armour by 134.5% during the third quarter. Farther Finance Advisors LLC now owns 7,061 shares of the company’s stock valued at $31,000 after acquiring an additional 4,050 shares during the last quarter. Fortitude Family Office LLC raised its stake in shares of Under Armour by 2,744.0% during the third quarter. Fortitude Family Office LLC now owns 7,821 shares of the company’s stock valued at $35,000 after acquiring an additional 7,546 shares during the last quarter. Diversify Wealth Management LLC bought a new position in shares of Under Armour during the first quarter valued at $76,000. Finally, Sowell Financial Services LLC acquired a new position in shares of Under Armour during the third quarter worth $58,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Trading Down 0.9%

Under Armour stock traded down $0.04 during trading hours on Friday, hitting $4.97. The stock had a trading volume of 7,949,490 shares, compared to its average volume of 9,440,504. The business’s 50 day simple moving average is $4.87 and its 200-day simple moving average is $5.94. Under Armour has a one year low of $4.13 and a one year high of $8.15. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -4.33, a P/E/G ratio of 1.79 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 1.81 and a debt-to-equity ratio of 0.41.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Friday, August 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Under Armour had a positive return on equity of 4.04% and a negative net margin of 9.99%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 earnings per share. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030–0.010 EPS. On average, equities analysts predict that Under Armour will post 0.10 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UAA. Barclays cut shares of Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a report on Tuesday, August 11th. Truist Financial lifted their price target on shares of Under Armour from $5.00 to $6.00 and gave the company a “hold” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $4.00 price objective on shares of Under Armour and gave the stock an “equal weight” rating in a research report on Thursday, September 10th. Finally, UBS Group reissued a “buy” rating and issued a $8.00 price objective (down from $9.00) on shares of Under Armour in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $5.69.

Under Armour Company Profile

Under Armour, Inc develops, markets and distributes performance apparel, footwear and accessories under the Under Armour brand. Its products are designed for athletes and active consumers and include training and competition apparel, sports bras, outerwear, athletic shoes, bags, headwear and other accessories. The company’s product technologies include fabric and footwear platforms such as HeatGear, ColdGear, HOVR and UA Flow.

Under Armour sells its products through wholesale distributors and retailers, as well as through its own brand and factory stores and digital commerce platforms.