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

Under Armour, Inc. (NYSE:UAA) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 55,138 put options on the stock. This is an increase of approximately 1,055% compared to the typical daily volume of 4,773 put options.

Insider Activity at Under Armour

In other Under Armour news, CFO Reza Taleghani acquired 18,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $5.37 per share, for a total transaction of $100,182.72. Following the completion of the acquisition, the chief financial officer owned 87,621 shares of the company’s stock, valued at approximately $470,524.77. This trade represents a 27.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On Under Armour

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fairfax Financial Holdings Ltd. Can raised its holdings in Under Armour by 564.8% during the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 41,958,923 shares of the company’s stock worth $208,536,000 after purchasing an additional 35,647,123 shares in the last quarter. Group One Trading LLC raised its position in Under Armour by 378.3% in the first quarter. Group One Trading LLC now owns 1,568,227 shares of the company’s stock worth $9,268,000 after acquiring an additional 2,131,642 shares in the last quarter. Deltroit Asset Management UK LLP purchased a new position in Under Armour in the fourth quarter worth $9,909,000. State Street Corp lifted its holdings in Under Armour by 27.8% in the second quarter. State Street Corp now owns 7,682,658 shares of the company’s stock valued at $49,092,000 after acquiring an additional 1,669,312 shares during the period. Finally, Credit Industriel ET Commercial acquired a new stake in Under Armour in the first quarter valued at $9,080,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley set a $4.00 price target on shares of Under Armour and gave the stock an “equal weight” rating in a research note on Thursday, September 10th. UBS Group set a $9.00 target price on Under Armour and gave the stock a “buy” rating in a research note on Monday, August 10th. Truist Financial increased their price target on Under Armour from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Barclays downgraded Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $5.77.

Under Armour Stock Down 0.3%

UAA stock traded down $0.01 during trading on Tuesday, hitting $4.27. 8,439,487 shares of the company’s stock were exchanged, compared to its average volume of 9,535,701. The business has a 50-day moving average price of $5.56 and a two-hundred day moving average price of $5.90. The company has a current ratio of 1.81, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -3.71, a PEG ratio of 1.63 and a beta of 1.62. Under Armour has a 52-week low of $4.13 and a 52-week high of $8.15.

Under Armour (NYSE:UAA) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Under Armour had a negative net margin of 9.99% and a positive return on equity of 4.04%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm posted $0.02 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis. 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. As a group, equities research analysts expect that Under Armour will post 0.11 EPS for the current year.

Under Armour Company Profile

Under Armour, Inc develops, markets and distributes performance apparel, footwear and accessories for athletes and active consumers. Its products are designed for a range of sports and activities and include training and team apparel, athletic shoes, sports bras, outerwear, hats, bags and other accessories. The company markets products under the Under Armour brand, including HeatGear, ColdGear and other performance-oriented product lines.

Founded in 1996 by Kevin Plank, Under Armour initially gained recognition for moisture-wicking performance shirts before expanding into a broader athletic apparel and footwear business.