Traders Purchase High Volume of Under Armour Call Options (NYSE:UA)

Under Armour, Inc. (NYSE:UA) was the target of unusually large options trading on Tuesday. Investors acquired 26,629 call options on the company. This represents an increase of 1,147% compared to the typical daily volume of 2,135 call options.

Analyst Ratings Changes

A number of equities analysts have commented on UA shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Under Armour in a research note on Monday, December 29th. Citigroup lowered shares of Under Armour from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Under Armour Trading Up 7.2%

Shares of NYSE:UA traded up $0.51 on Tuesday, hitting $7.48. The company had a trading volume of 2,632,503 shares, compared to its average volume of 6,694,174. The firm’s 50-day simple moving average is $5.47 and its two-hundred day simple moving average is $5.00. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -6.10 and a beta of 1.74. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. Under Armour has a 1 year low of $3.95 and a 1 year high of $7.70.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Friday, February 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.11. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.16 billion. Under Armour had a negative net margin of 10.44% and a positive return on equity of 1.48%. Under Armour has set its FY 2026 guidance at 0.10-0.110 EPS.

Insider Buying and Selling at Under Armour

In related news, major shareholder V Prem Et Al Watsa acquired 1,112,119 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were bought at an average cost of $6.21 per share, for a total transaction of $6,906,258.99. Following the completion of the transaction, the insider owned 43,000,872 shares in the company, valued at approximately $267,035,415.12. This trade represents a 2.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders bought 42,448,155 shares of company stock valued at $219,067,338. Company insiders own 15.60% of the company’s stock.

Institutional Trading of Under Armour

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in shares of Under Armour by 247.3% during the 1st quarter. AQR Capital Management LLC now owns 98,632 shares of the company’s stock valued at $587,000 after purchasing an additional 70,231 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Under Armour by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 388,256 shares of the company’s stock valued at $2,310,000 after acquiring an additional 99,402 shares in the last quarter. CWM LLC grew its position in shares of Under Armour by 126.9% during the second quarter. CWM LLC now owns 27,989 shares of the company’s stock worth $182,000 after purchasing an additional 15,652 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Under Armour during the 2nd quarter valued at approximately $166,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in Under Armour in the 2nd quarter worth approximately $247,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

About Under Armour

Under Armour, Inc is a global designer, marketer and distributor of branded performance apparel, footwear and accessories. The company’s product portfolio spans a wide range of athletic categories, including running, training, basketball, outdoor and golf, with specialized lines for men, women and youth. Under Armour emphasizes innovative fabrics and technologies designed to enhance athletic performance, such as moisture-wicking HeatGear®, cold-weather ColdGear® and UV-protective UA Tech™ materials.

The company was founded in 1996 by former University of Maryland football captain Kevin Plank, who sought to create a superior moisture-wicking T-shirt to keep athletes cool and dry.