Stock Traders Purchase High Volume of Put Options on Under Armour (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) was the recipient of some unusual options trading on Monday. Stock traders acquired 10,311 put options on the company. This is an increase of approximately 112% compared to the average daily volume of 4,855 put options.

Under Armour Stock Down 4.2%

UAA traded down $0.25 during trading on Monday, reaching $5.63. The stock had a trading volume of 2,483,001 shares, compared to its average volume of 10,278,623. Under Armour has a one year low of $4.13 and a one year high of $8.15. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $5.93 and its two-hundred day moving average is $5.80. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -4.85, a P/E/G ratio of 1.86 and a beta of 1.69.

Under Armour (NYSE:UAA) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). Under Armour had a positive return on equity of 3.01% and a negative net margin of 9.98%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company earned ($0.08) earnings per share. The company’s revenue was down .8% on a year-over-year basis. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q1 2027 guidance at 0.000-0.020 EPS. As a group, analysts expect that Under Armour will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UAA. UBS Group restated a “buy” rating and set a $10.00 target price (down from $11.00) on shares of Under Armour in a report on Thursday, May 14th. Zacks Research downgraded Under Armour from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Telsey Advisory Group decreased their target price on Under Armour from $6.00 to $5.50 and set a “market perform” rating for the company in a report on Wednesday, May 13th. Barclays set a $5.00 target price on Under Armour and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, Truist Financial decreased their target price on Under Armour from $8.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $5.91.

Insider Activity at Under Armour

In other Under Armour news, major shareholder V Prem Et Al Watsa bought 739,521 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $4.97 per share, for a total transaction of $3,675,419.37. Following the completion of the acquisition, the insider directly owned 44,179,116 shares in the company, valued at $219,570,206.52. The trade was a 1.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased a total of 1,178,344 shares of company stock worth $5,865,147 in the last ninety days. 15.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Under Armour

Several institutional investors have recently modified their holdings of the business. Uhlmann Price Securities LLC purchased a new position in Under Armour in the third quarter worth about $46,000. Blair William & Co. IL raised its stake in shares of Under Armour by 40.0% in the fourth quarter. Blair William & Co. IL now owns 5,164 shares of the company’s stock worth $26,000 after buying an additional 1,476 shares during the period. State of Wyoming bought a new position in shares of Under Armour in the second quarter worth about $44,000. Hantz Financial Services Inc. raised its stake in shares of Under Armour by 202.7% in the fourth quarter. Hantz Financial Services Inc. now owns 8,455 shares of the company’s stock worth $42,000 after buying an additional 5,662 shares during the period. Finally, Equitable Holdings Inc. bought a new position in shares of Under Armour in the fourth quarter worth about $51,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

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.