Under Armour Sees Unusually Large Options Volume (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) was the target of some unusual options trading activity on Tuesday. Investors purchased 55,138 put options on the company. This represents an increase of approximately 1,055% compared to the average daily volume of 4,773 put options.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UAA shares. Truist Financial upped their price target on Under Armour from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Monday, August 10th. UBS Group set a $9.00 price objective on shares of Under Armour and gave the stock a “buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Morgan Stanley set a $4.00 target price on shares of Under Armour and gave the stock an “equal weight” rating in a research report on Thursday, September 10th. Finally, Barclays lowered shares of Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $5.77.

Under Armour Trading Down 0.3%

Shares of NYSE UAA traded down $0.01 during midday trading on Tuesday, reaching $4.27. 8,439,487 shares of the stock were exchanged, compared to its average volume of 9,535,701. The stock has a 50 day moving average price of $5.56 and a 200-day moving average price of $5.90. The company has a current ratio of 1.81, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $1.83 billion, a P/E ratio of -3.71, a P/E/G ratio of 1.63 and a beta of 1.62. Under Armour has a 52-week low of $4.13 and a 52-week high of $8.15.

Under Armour (NYSE:UAA) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Under Armour had a negative net margin of 9.99% and a positive return on equity of 4.04%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q2 2027 guidance at -0.030–0.010 EPS. Equities research analysts expect that Under Armour will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Reza Taleghani acquired 18,656 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $5.37 per share, with a total value of $100,182.72. Following the completion of the acquisition, the chief financial officer owned 87,621 shares in the company, valued at approximately $470,524.77. This represents a 27.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently made changes to their positions in UAA. Fairfax Financial Holdings Ltd. Can increased its stake in Under Armour by 564.8% in the fourth quarter. Fairfax Financial Holdings Ltd. Can now owns 41,958,923 shares of the company’s stock valued at $208,536,000 after purchasing an additional 35,647,123 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Under Armour by 17.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,531,173 shares of the company’s stock worth $50,416,000 after buying an additional 1,285,384 shares during the last quarter. State Street Corp grew its holdings in Under Armour by 27.8% in the 2nd quarter. State Street Corp now owns 7,682,658 shares of the company’s stock valued at $49,092,000 after buying an additional 1,669,312 shares during the period. Deltroit Asset Management UK LLP purchased a new stake in Under Armour in the 4th quarter valued at about $9,909,000. Finally, Group One Trading LLC increased its stake in shares of Under Armour by 378.3% during the 1st quarter. Group One Trading LLC now owns 1,568,227 shares of the company’s stock valued at $9,268,000 after acquiring an additional 2,131,642 shares during the last quarter. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc develops, markets and distributes performance apparel, footwear and accessories for athletes and active consumers. Its products are designed for a range of sports and activities and include training and team apparel, athletic shoes, sports bras, outerwear, hats, bags and other accessories. The company markets products under the Under Armour brand, including HeatGear, ColdGear and other performance-oriented product lines.

Founded in 1996 by Kevin Plank, Under Armour initially gained recognition for moisture-wicking performance shirts before expanding into a broader athletic apparel and footwear business.