Stock Traders Purchase High Volume of Under Armour Call Options (UAA)

Under Armour Inc (NYSE:UAA) was the target of unusually large options trading on Tuesday. Investors purchased 45,336 call options on the stock. This represents an increase of approximately 757% compared to the typical daily volume of 5,288 call options.

Shares of Under Armour (NYSE UAA) traded up $1.06 on Wednesday, hitting $17.76. The company had a trading volume of 19,153,023 shares, compared to its average volume of 8,067,146. The company has a quick ratio of 1.16, a current ratio of 2.23 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7,470.00, a P/E ratio of -161.45, a price-to-earnings-growth ratio of 4.35 and a beta of -0.04. Under Armour has a one year low of $11.40 and a one year high of $23.46.

Several research analysts have issued reports on the company. Citigroup reiterated a “neutral” rating and issued a $17.00 price target on shares of Under Armour in a report on Wednesday. DA Davidson increased their price target on Under Armour from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday. Stifel Nicolaus increased their price target on Under Armour from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday. Pivotal Research increased their price target on Under Armour from $14.00 to $16.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Telsey Advisory Group increased their price target on Under Armour from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Wednesday. Nineteen equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.71.

Institutional investors and hedge funds have recently modified their holdings of the stock. Aldebaran Financial Inc. increased its position in Under Armour by 8.3% in the second quarter. Aldebaran Financial Inc. now owns 27,310 shares of the company’s stock worth $594,000 after buying an additional 2,090 shares during the last quarter. Nationwide Fund Advisors increased its position in Under Armour by 6.8% in the third quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock worth $864,000 after buying an additional 3,338 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Under Armour by 0.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 835,601 shares of the company’s stock worth $12,058,000 after buying an additional 3,538 shares during the last quarter. Almanack Investment Partners LLC. increased its position in Under Armour by 38.0% in the fourth quarter. Almanack Investment Partners LLC. now owns 13,710 shares of the company’s stock worth $193,000 after buying an additional 3,776 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Under Armour by 15.6% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 28,832 shares of the company’s stock worth $416,000 after buying an additional 3,900 shares during the last quarter. 31.93% of the stock is owned by institutional investors.

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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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