Investors Purchase High Volume of Under Armour Call Options (UA)

Under Armour Inc (NYSE:UA) was the target of some unusual options trading on Monday. Stock traders purchased 13,518 call options on the stock. This is an increase of 736% compared to the average volume of 1,617 call options.

Under Armour (UA) traded up $0.85 during midday trading on Wednesday, hitting $16.14. The stock had a trading volume of 10,601,845 shares, compared to its average volume of 6,015,315. The company has a market cap of $7,450.00 and a PE ratio of -146.73. Under Armour has a 12-month low of $10.36 and a 12-month high of $21.81.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.20) EPS for the quarter. The company had revenue of $1.37 billion during the quarter. Under Armour had a return on equity of 9.38% and a net margin of 2.94%. During the same period last year, the business earned $0.23 EPS.

Several large investors have recently bought and sold shares of the company. Bares Capital Management Inc. increased its stake in shares of Under Armour by 5.9% in the 3rd quarter. Bares Capital Management Inc. now owns 8,091,563 shares of the company’s stock worth $121,535,000 after purchasing an additional 447,650 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its stake in shares of Under Armour by 166.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 6,192,627 shares of the company’s stock worth $82,486,000 after purchasing an additional 3,867,716 shares in the last quarter. FMR LLC increased its stake in shares of Under Armour by 12.1% in the 2nd quarter. FMR LLC now owns 2,961,380 shares of the company’s stock worth $59,702,000 after purchasing an additional 320,600 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of Under Armour by 0.4% in the 3rd quarter. Baillie Gifford & Co. now owns 2,766,112 shares of the company’s stock worth $41,547,000 after purchasing an additional 12,110 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Under Armour by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 1,899,827 shares of the company’s stock worth $25,251,000 after purchasing an additional 62,163 shares in the last quarter. Hedge funds and other institutional investors own 31.15% of the company’s stock.

Several research firms recently issued reports on UA. JPMorgan Chase & Co. upped their price objective on Under Armour from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday. DA Davidson set a $17.00 price objective on Under Armour and gave the company a “hold” rating in a research report on Wednesday. Vetr cut Under Armour from a “strong-buy” rating to a “hold” rating and set a $14.92 price objective on the stock. in a research report on Wednesday. Raymond James Financial reaffirmed a “sell” rating on shares of Under Armour in a research report on Tuesday. Finally, Pivotal Research set a $14.00 price objective on Under Armour and gave the company a “hold” rating in a research report on Monday. Nine investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.81.

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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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