Under Armour Target of Unusually Large Options Trading (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) was the recipient of some unusual options trading activity on Wednesday. Traders bought 11,093 put options on the company. This represents an increase of approximately 96% compared to the typical daily volume of 5,663 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Under Armour by 1.0% during the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock valued at $134,665,000 after buying an additional 173,817 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Under Armour by 12.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after buying an additional 1,051,143 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its position in Under Armour by 1.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after buying an additional 70,731 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Under Armour by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,411 shares of the company’s stock worth $36,456,000 after acquiring an additional 203,666 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Under Armour by 27.2% in the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock valued at $28,712,000 after acquiring an additional 831,202 shares during the last quarter. Hedge funds and other institutional investors own 34.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UAA. Evercore ISI lowered their price target on shares of Under Armour from $7.00 to $6.00 and set an “underperform” rating for the company in a report on Friday, May 17th. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 price objective on shares of Under Armour in a report on Monday, August 5th. BMO Capital Markets reduced their target price on shares of Under Armour from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, May 17th. Bank of America lowered their price target on shares of Under Armour from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, May 17th. Finally, Wedbush increased their price objective on Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.50.

Under Armour Stock Down 7.0 %

Shares of NYSE UAA traded down $0.59 on Wednesday, hitting $7.78. The company had a trading volume of 10,270,137 shares, compared to its average volume of 9,174,302. The company has a quick ratio of 1.08, a current ratio of 1.73 and a debt-to-equity ratio of 0.33. Under Armour has a 12-month low of $6.17 and a 12-month high of $9.50. The firm has a market capitalization of $3.40 billion, a P/E ratio of 14.52, a PEG ratio of 3.81 and a beta of 1.67. The business has a 50 day moving average of $7.14 and a two-hundred day moving average of $7.22.

Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. Under Armour’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS. As a group, equities research analysts forecast that Under Armour will post 0.22 earnings per share for the current fiscal year.

Under Armour announced that its Board of Directors has initiated a stock buyback program on Thursday, May 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 16.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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.