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

Under Armour, Inc. (NYSE:UAA) was the recipient of unusually large options trading on Friday. Traders acquired 79,012 put options on the stock. This is an increase of 990% compared to the typical volume of 7,246 put options.

Insiders Place Their Bets

In other Under Armour news, CFO Reza Taleghani purchased 18,656 shares of the company’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 completion of the purchase, the chief financial officer owned 87,621 shares in the company, valued at $470,524.77. This represents a 27.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Several brokerages have recently weighed in on UAA. Morgan Stanley set a $4.00 price objective on shares of Under Armour and gave the company an “equal weight” rating in a report on Thursday, September 10th. Weiss Ratings raised shares of Under Armour from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Truist Financial upped their target price on Under Armour from $5.00 to $6.00 and gave the company a “hold” rating in a report on Monday, August 10th. UBS Group restated a “buy” rating and set a $8.00 price objective (down from $9.00) on shares of Under Armour in a report on Wednesday. Finally, Barclays lowered shares of Under Armour from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $5.69.

Under Armour Stock Down 0.9%

Shares of NYSE:UAA opened at $4.97 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41. Under Armour has a 12-month low of $4.13 and a 12-month high of $8.15. The stock’s 50-day moving average price is $4.87 and its 200-day moving average price is $5.94. The stock has a market capitalization of $2.14 billion, a P/E ratio of -4.33, a price-to-earnings-growth ratio of 1.88 and a beta of 1.62.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Under Armour had a negative net margin of 9.99% and a positive return on equity of 4.04%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 EPS. 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, equities analysts anticipate that Under Armour will post 0.10 earnings per share for the current 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.