Under Armour Sees Unusually Large Options Volume (UA)
Under Armour, Inc. (NYSE:UA) saw some unusual options trading activity on Wednesday. Investors purchased 18,870 put options on the company. This is an increase of approximately Infinity compared to the typical volume of 0 put options.
Shares of Under Armour (UA) opened at $10.59 on Friday. The stock has a market cap of $4,779.57, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 6.19 and a beta of 0.70.
Under Armour (NYSE:UA) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. Under Armour had a net margin of 2.94% and a return on equity of 9.38%. The business had revenue of $1.09 billion during the quarter.
A number of equities research analysts have recently issued reports on UA shares. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Under Armour in a research note on Friday, July 7th. BidaskClub cut shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Deutsche Bank AG cut shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Vetr raised shares of Under Armour from a “hold” rating to a “buy” rating and set a $18.88 price objective for the company in a research note on Tuesday, July 25th. Finally, Buckingham Research set a $15.00 price objective on shares of Under Armour and gave the company a “sell” rating in a research note on Thursday, July 27th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.69.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. IHT Wealth Management LLC raised its holdings in Under Armour by 48.4% in the 2nd quarter. IHT Wealth Management LLC now owns 935 shares of the company’s stock worth $286,000 after purchasing an additional 305 shares in the last quarter. CWM LLC raised its holdings in Under Armour by 1.4% in the 2nd quarter. CWM LLC now owns 29,107 shares of the company’s stock worth $587,000 after purchasing an additional 392 shares in the last quarter. National Planning Corp raised its holdings in Under Armour by 3.2% in the 2nd quarter. National Planning Corp now owns 13,589 shares of the company’s stock worth $279,000 after purchasing an additional 423 shares in the last quarter. Trust Investment Advisors raised its holdings in Under Armour by 11.2% in the 2nd quarter. Trust Investment Advisors now owns 18,701 shares of the company’s stock worth $377,000 after purchasing an additional 1,883 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in Under Armour by 8.0% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 32,478 shares of the company’s stock worth $642,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 30.27% of the company’s stock.
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Under Armour Company Profile
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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