Investors Buy High Volume of Put Options on Under Armour (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) was the target of some unusual options trading activity on Monday. Traders purchased 13,104 put options on the stock. This is an increase of 78% compared to the average volume of 7,382 put options.

Hedge Funds Weigh In On Under Armour

Several hedge funds have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new stake in Under Armour during the fourth quarter worth about $25,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Under Armour by 163.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after purchasing an additional 1,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Under Armour during the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in Under Armour during the 4th quarter worth approximately $40,000. Finally, Harbour Investments Inc. boosted its position in Under Armour by 438.2% in the 4th quarter. Harbour Investments Inc. now owns 6,141 shares of the company’s stock valued at $51,000 after buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 34.58% of the company’s stock.

Under Armour Trading Down 0.6 %

NYSE UAA opened at $6.27 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The stock has a market capitalization of $2.69 billion, a P/E ratio of -21.60 and a beta of 1.63. The firm’s 50-day moving average is $7.26 and its two-hundred day moving average is $8.30. Under Armour has a 12 month low of $6.10 and a 12 month high of $11.89.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, sell-side analysts anticipate that Under Armour will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. TD Cowen raised their target price on Under Armour from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, December 13th. UBS Group reduced their price objective on Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Evercore ISI lowered their target price on shares of Under Armour from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, February 10th. Finally, Barclays dropped their target price on shares of Under Armour from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.06.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.