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

Tuesday, May 4, 2021 | MarketBeat

Under Armour, Inc. (NYSE:UAA) was the target of some unusual options trading on Monday. Stock traders acquired 10,354 put options on the stock. This represents an increase of approximately 1,093% compared to the average volume of 868 put options.

NYSE:UAA opened at $24.17 on Tuesday. Under Armour has a 52 week low of $7.15 and a 52 week high of $24.75. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $11.00 billion, a P/E ratio of -14.74, a P/E/G ratio of 8.99 and a beta of 1.13. The stock's fifty day moving average is $22.82 and its two-hundred day moving average is $19.20.

Under Armour (NYSE:UAA) last posted its earnings results on Tuesday, February 9th. The company reported $0.12 EPS for the quarter, beating the Zacks' consensus estimate of ($0.07) by $0.19. Under Armour had a negative return on equity of 7.96% and a negative net margin of 16.60%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $0.10 earnings per share. The company's revenue for the quarter was down 2.6% on a year-over-year basis. Sell-side analysts anticipate that Under Armour will post -0.46 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of UAA. Diversified LLC purchased a new stake in shares of Under Armour in the 4th quarter valued at $28,000. Concord Wealth Partners purchased a new stake in shares of Under Armour in the 4th quarter valued at $34,000. Captrust Financial Advisors raised its holdings in shares of Under Armour by 166.9% in the 4th quarter. Captrust Financial Advisors now owns 2,143 shares of the company's stock valued at $37,000 after buying an additional 1,340 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Under Armour in the 1st quarter valued at $40,000. Finally, Banque Cantonale Vaudoise raised its holdings in shares of Under Armour by 49.4% in the 4th quarter. Banque Cantonale Vaudoise now owns 2,550 shares of the company's stock valued at $44,000 after buying an additional 843 shares during the period. Hedge funds and other institutional investors own 36.49% of the company's stock.

A number of analysts have recently issued reports on the company. Telsey Advisory Group lifted their price target on Under Armour from $19.00 to $22.00 and gave the stock a "market perform" rating in a research note on Thursday, February 11th. B. Riley lifted their price target on Under Armour from $15.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, February 11th. Royal Bank of Canada reaffirmed a "neutral" rating and issued a $19.00 price target on shares of Under Armour in a research note on Wednesday, February 10th. Argus lowered Under Armour from a "buy" rating to a "hold" rating in a research note on Wednesday, February 17th. Finally, Oppenheimer raised Under Armour from a "market perform" rating to an "outperform" rating and set a $30.00 price target on the stock in a research note on Thursday, February 25th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of "Hold" and an average price target of $21.59.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold.

Further Reading: Call Option

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