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

Under Armour, Inc. (NYSE:UAA) was the target of unusually large options trading activity on Friday. Investors bought 79,012 put options on the stock. This represents an increase of approximately 990% compared to the average daily volume of 7,246 put options.

Insiders Place Their Bets

In other Under Armour news, CFO Reza Taleghani purchased 18,656 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $5.37 per share, with a total value of $100,182.72. Following the transaction, the chief financial officer directly owned 87,621 shares of the company’s stock, valued at $470,524.77. This represents a 27.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its position in Under Armour by 94.1% during the third quarter. Versant Capital Management Inc now owns 6,155 shares of the company’s stock valued at $27,000 after purchasing an additional 2,984 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Under Armour by 134.5% during the third quarter. Farther Finance Advisors LLC now owns 7,061 shares of the company’s stock worth $31,000 after purchasing an additional 4,050 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Under Armour by 2,744.0% during the third quarter. Fortitude Family Office LLC now owns 7,821 shares of the company’s stock worth $35,000 after purchasing an additional 7,546 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Under Armour in the 3rd quarter valued at $58,000. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Under Armour in the 1st quarter valued at $76,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UAA. Weiss Ratings upgraded 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 Under Armour and gave the stock an “equal weight” rating in a report on Thursday, September 10th. UBS Group reissued a “buy” rating and set a $8.00 price target (down from $9.00) on shares of Under Armour in a research report on Wednesday. Truist Financial increased their price target on Under Armour from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Finally, Barclays downgraded Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $5.69.

Under Armour Stock Performance

Under Armour stock traded down $0.04 during midday trading on Friday, reaching $4.97. 7,949,490 shares of the company’s stock were exchanged, compared to its average volume of 9,440,504. Under Armour has a 52 week low of $4.13 and a 52 week high of $8.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.81. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -4.33, a P/E/G ratio of 1.79 and a beta of 1.62. The stock’s 50-day simple moving average is $4.87 and its 200 day simple moving average is $5.94.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Friday, August 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Under Armour had a negative net margin of 9.99% and a positive return on equity of 4.04%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 earnings per share. 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. On average, analysts expect that Under Armour will post 0.10 earnings per share for the current fiscal year.

About Under Armour

Under Armour, Inc develops, markets and distributes performance apparel, footwear and accessories under the Under Armour brand. Its products are designed for athletes and active consumers and include training and competition apparel, sports bras, outerwear, athletic shoes, bags, headwear and other accessories. The company’s product technologies include fabric and footwear platforms such as HeatGear, ColdGear, HOVR and UA Flow.

Under Armour sells its products through wholesale distributors and retailers, as well as through its own brand and factory stores and digital commerce platforms.