Investors Buy High Volume of Call Options on Under Armour (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) was the recipient of some unusual options trading on Thursday. Investors bought 8,844 call options on the stock. This represents an increase of approximately 57% compared to the typical daily volume of 5,628 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Privium Fund Management B.V. lifted its stake in Under Armour by 0.8% in the 1st quarter. Privium Fund Management B.V. now owns 222,900 shares of the company’s stock valued at $1,645,000 after buying an additional 1,700 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in Under Armour by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 164,760 shares of the company’s stock valued at $1,216,000 after buying an additional 1,746 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Under Armour by 101.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,760 shares of the company’s stock valued at $28,000 after buying an additional 1,890 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Under Armour by 43.3% in the 4th quarter. Global Retirement Partners LLC now owns 6,769 shares of the company’s stock valued at $59,000 after buying an additional 2,044 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Under Armour by 9.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 25,345 shares of the company’s stock valued at $174,000 after buying an additional 2,138 shares in the last quarter. 34.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UAA has been the topic of a number of recent research reports. TheStreet upgraded shares of Under Armour from a “d+” rating to a “c-” rating in a research note on Thursday, February 8th. Williams Trading restated a “hold” rating and set a $8.00 target price on shares of Under Armour in a report on Thursday, March 14th. Wells Fargo & Company lowered their target price on Under Armour from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday. Evercore ISI lowered their target price on Under Armour from $7.00 to $6.00 and set an “underperform” rating for the company in a report on Friday. Finally, William Blair lowered Under Armour from an “outperform” rating to a “market perform” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.45.

Under Armour Trading Up 1.0 %

UAA stock opened at $6.78 on Friday. The company’s 50-day simple moving average is $6.96 and its 200-day simple moving average is $7.71. The company has a quick ratio of 1.38, a current ratio of 2.13 and a debt-to-equity ratio of 0.27. Under Armour has a 52-week low of $6.18 and a 52-week high of $9.50. The firm has a market cap of $2.95 billion, a P/E ratio of 7.53, a PEG ratio of 1.16 and a beta of 1.63.

Under Armour (NYSE:UAA) last posted its earnings results on Thursday, May 16th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. Under Armour had a net margin of 6.98% and a return on equity of 13.85%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted $0.18 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts forecast that Under Armour will post 0.52 EPS for the current fiscal year.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.