Under Armour Target of Unusually High Options Trading (NYSE:UA)
Under Armour, Inc. (NYSE:UA) saw some unusual options trading activity on Friday. Traders bought 8,545 call options on the company. This is an increase of 428% compared to the average daily volume of 1,617 call options.
In other Under Armour news, insider Kerry D. Chandler sold 5,965 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $19.79, for a total transaction of $118,047.35. Following the completion of the sale, the insider now directly owns 114,108 shares of the company’s stock, valued at $2,258,197.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Mcdermott sold 4,717 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $19.85, for a total transaction of $93,632.45. Following the sale, the director now directly owns 66,270 shares of the company’s stock, valued at $1,315,459.50. The disclosure for this sale can be found here. Insiders have sold 15,399 shares of company stock valued at $304,605 over the last ninety days.
A number of large investors have recently added to or reduced their stakes in UA. Quantitative Investment Management LLC purchased a new stake in Under Armour during the first quarter valued at approximately $8,594,000. Tobam purchased a new stake in Under Armour during the first quarter valued at approximately $5,355,000. Goodman Financial Corp purchased a new stake in Under Armour during the first quarter valued at approximately $4,643,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in Under Armour during the second quarter valued at approximately $3,525,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in Under Armour by 1,919.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 174,674 shares of the company’s stock valued at $3,517,000 after buying an additional 166,024 shares during the last quarter. Hedge funds and other institutional investors own 54.97% of the company’s stock.
Under Armour (NYSE UA) opened at 18.68 on Wednesday. The firm has a market cap of $8.23 billion, a P/E ratio of 47.17 and a beta of 0.82. Under Armour has a 12-month low of $17.05 and a 12-month high of $42.94. The company has a 50-day moving average price of $19.44 and a 200-day moving average price of $19.78.
Under Armour (NYSE:UA) last released its earnings results on Thursday, April 27th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Under Armour had a return on equity of 12.43% and a net margin of 4.84%. On average, analysts predict that Under Armour will post $0.42 earnings per share for the current year.
A number of analysts have commented on UA shares. Vetr raised shares of Under Armour from a “buy” rating to a “strong-buy” rating and set a $21.15 price objective for the company in a research note on Monday, May 15th. Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 target price on shares of Under Armour in a report on Friday, April 28th. Canaccord Genuity set a $20.00 target price on Under Armour and gave the company a “hold” rating in a report on Thursday, April 20th. Robert W. Baird reiterated an “outperform” rating and issued a $25.00 target price on shares of Under Armour in a report on Friday, April 14th. Finally, BidaskClub downgraded Under Armour from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $20.02.
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About Under Armour
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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