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

Under Armour, Inc. (NYSE:UAA) was the target of some unusual options trading activity on Thursday. Stock investors acquired 11,962 call options on the stock. This is an increase of approximately 68% compared to the average volume of 7,100 call options.

Under Armour Trading Down 8.1 %

Shares of NYSE UAA opened at $8.81 on Friday. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89. The firm has a market cap of $3.81 billion, a PE ratio of -293.67 and a beta of 1.69. The business has a fifty day simple moving average of $9.34 and a two-hundred day simple moving average of $8.04. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Analyst Ratings Changes

A number of research analysts have recently commented on UAA shares. UBS Group increased their target price on Under Armour from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays lifted their price objective on shares of Under Armour from $8.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. TD Cowen increased their price target on shares of Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday. Robert W. Baird boosted their price objective on Under Armour from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company raised their price objective on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Under Armour has a consensus rating of “Hold” and an average price target of $9.34.

Insider Buying and Selling at Under Armour

In other Under Armour news, insider Mehri Shadman sold 17,240 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the transaction, the insider now owns 182,538 shares of the company’s stock, valued at $1,599,032.88. This represents a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 over the last 90 days. 15.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Under Armour

Several institutional investors have recently made changes to their positions in UAA. CWM LLC grew its stake in Under Armour by 20.7% in the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Under Armour by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,860 shares of the company’s stock worth $123,000 after acquiring an additional 1,409 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Under Armour by 7.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,835 shares of the company’s stock worth $203,000 after acquiring an additional 1,485 shares in the last quarter. Sei Investments Co. lifted its position in Under Armour by 10.2% during the second quarter. Sei Investments Co. now owns 18,989 shares of the company’s stock valued at $127,000 after acquiring an additional 1,764 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after acquiring an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.