Stock Traders Purchase Large Volume of Put Options on Under Armour (UAA)
Under Armour, Inc. (NYSE:UAA) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 10,124 put options on the company. This is an increase of approximately 145% compared to the average volume of 4,129 put options.
A number of institutional investors have recently modified their holdings of UAA. Mn Services Vermogensbeheer B.V. purchased a new position in shares of Under Armour during the second quarter valued at approximately $651,000. Nepsis Capital Management Inc. purchased a new position in shares of Under Armour during the second quarter valued at approximately $3,079,000. Webster Bank N. A. purchased a new position in shares of Under Armour during the second quarter valued at approximately $282,000. Jag Capital Management LLC bought a new stake in Under Armour during the second quarter valued at about $901,000. Finally, NEXT Financial Group Inc bought a new stake in Under Armour during the second quarter valued at about $204,000. Institutional investors own 29.59% of the company’s stock.
Shares of Under Armour (NYSE UAA) opened at 17.81 on Friday. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 36.05 and a beta of -0.07. Under Armour has a 12-month low of $17.79 and a 12-month high of $43.85. The stock’s 50 day moving average is $19.77 and its 200-day moving average is $20.29.
Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Under Armour had a net margin of 4.38% and a return on equity of 10.93%. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, analysts expect that Under Armour will post $0.38 earnings per share for the current year.
UAA has been the topic of a number of analyst reports. Deutsche Bank AG reissued a “hold” rating and set a $17.00 target price on shares of Under Armour in a report on Saturday, April 22nd. Stifel Nicolaus reissued a “hold” rating and set a $19.00 target price on shares of Under Armour in a report on Sunday, April 23rd. Credit Suisse Group reissued an “underperform” rating and set a $17.00 target price on shares of Under Armour in a report on Monday, April 24th. B. Riley reissued a “neutral” rating and set a $18.00 target price on shares of Under Armour in a report on Tuesday, April 25th. Finally, Instinet reissued a “reduce” rating on shares of Under Armour in a report on Tuesday, April 25th. Twelve investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.29.
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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