Under Armour Target of Unusually Large Options Trading (UAA)

Under Armour Inc (NYSE:UAA) saw unusually large options trading activity on Tuesday. Stock investors bought 45,336 call options on the company. This represents an increase of approximately 757% compared to the typical daily volume of 5,288 call options.

A number of equities analysts recently commented on UAA shares. Zacks Investment Research upgraded shares of Under Armour from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Vetr cut shares of Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 target price on the stock. in a research report on Monday, December 11th. Citigroup decreased their target price on shares of Under Armour from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, February 5th. UBS Group cut shares of Under Armour to a “neutral” rating in a research report on Tuesday, January 9th. Finally, Deutsche Bank decreased their target price on shares of Under Armour from $16.00 to $14.00 and set a “sell” rating on the stock in a research report on Thursday, October 26th. Nineteen analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.71.

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

Several hedge funds and other institutional investors have recently made changes to their positions in UAA. State Street Corp purchased a new position in shares of Under Armour during the second quarter valued at about $157,325,000. Hexavest Inc. purchased a new position in shares of Under Armour during the fourth quarter valued at about $39,368,000. Disciplined Growth Investors Inc. MN purchased a new position in shares of Under Armour during the third quarter valued at about $39,964,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Under Armour during the fourth quarter valued at about $25,742,000. Finally, Armistice Capital LLC purchased a new position in shares of Under Armour during the fourth quarter valued at about $20,202,000. Institutional investors own 31.93% of the company’s stock.

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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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