Stock Traders Buy Large Volume of Call Options on Under Armour (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) was the target of some unusual options trading on Friday. Traders acquired 9,871 call options on the stock. This represents an increase of approximately 105% compared to the average volume of 4,807 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UAA shares. UBS Group reiterated a “buy” rating on shares of Under Armour in a research report on Friday. BTIG Research initiated coverage on shares of Under Armour in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Telsey Advisory Group set a $5.00 target price on shares of Under Armour in a report on Friday, November 14th. Evercore ISI decreased their target price on shares of Under Armour from $5.00 to $4.00 and set an “underperform” rating for the company in a research report on Friday, November 7th. Finally, Citigroup lowered their price target on shares of Under Armour from $5.50 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Under Armour currently has a consensus rating of “Hold” and an average target price of $6.43.

Insiders Place Their Bets

In other news, major shareholder V Prem Et Al Watsa acquired 2,497,826 shares of the business’s stock in a transaction dated Monday, December 29th. The shares were acquired at an average cost of $4.66 per share, with a total value of $11,639,869.16. Following the completion of the acquisition, the insider owned 30,454,445 shares of the company’s stock, valued at approximately $141,917,713.70. This trade represents a 8.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders bought 15,681,964 shares of company stock worth $71,017,722. 15.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Under Armour

A number of large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP lifted its holdings in Under Armour by 113.8% during the third quarter. Marshall Wace LLP now owns 6,296,543 shares of the company’s stock valued at $31,420,000 after purchasing an additional 3,351,976 shares in the last quarter. Whitebox Advisors LLC purchased a new position in Under Armour in the 3rd quarter valued at about $11,237,000. Fort Baker Capital Management LP acquired a new stake in Under Armour in the 3rd quarter worth about $8,624,000. Jupiter Asset Management Ltd. increased its stake in Under Armour by 249.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,379,513 shares of the company’s stock worth $16,252,000 after buying an additional 1,698,467 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Under Armour during the second quarter valued at approximately $9,918,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Price Performance

Shares of Under Armour stock traded up $0.39 during trading hours on Friday, reaching $5.36. The stock had a trading volume of 7,059,932 shares, compared to its average volume of 11,695,074. The stock’s 50 day moving average is $4.55 and its 200 day moving average is $5.34. The company has a current ratio of 1.69, a quick ratio of 1.10 and a debt-to-equity ratio of 0.32. Under Armour has a twelve month low of $4.13 and a twelve month high of $8.72. The firm has a market capitalization of $2.30 billion, a PE ratio of -25.50, a PEG ratio of 5.30 and a beta of 1.81.

Under Armour (NYSE:UAA) last posted its earnings results on Thursday, November 6th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Under Armour had a positive return on equity of 1.27% and a negative net margin of 1.74%.The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm earned $0.39 EPS. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Under Armour has set its Q3 2026 guidance at 0.030-0.050 EPS. Equities analysts expect that Under Armour will post 0.3 earnings per share for the current fiscal year.

Under Armour Company Profile

Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.

Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.