Under Armour Sees Unusually Large Options Volume (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) saw some unusual options trading on Thursday. Stock traders bought 11,962 call options on the stock. This is an increase of 68% compared to the typical daily volume of 7,100 call options.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on UAA shares. BMO Capital Markets raised their target price on Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company raised their price objective on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Barclays upped their target price on shares of Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. TD Cowen lifted their price target on shares of Under Armour from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, Truist Financial upped their price objective on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.03.

Under Armour Stock Performance

Shares of NYSE UAA opened at $9.59 on Friday. The company has a market cap of $4.15 billion, a P/E ratio of -319.67 and a beta of 1.69. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The firm’s fifty day moving average is $9.34 and its two-hundred day moving average is $8.03.

Insider Activity at Under Armour

In other news, insider Mehri Shadman sold 17,240 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the transaction, the insider now directly owns 182,538 shares of the company’s stock, valued at $1,599,032.88. This represents a 8.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the transaction, the chief financial officer now owns 494,210 shares in the company, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,879 shares of company stock valued at $508,642 over the last ninety days. Insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Under Armour

Several large investors have recently made changes to their positions in UAA. Nomura Asset Management Co. Ltd. grew its holdings in Under Armour by 163.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Under Armour in the third quarter valued at $56,000. Optas LLC bought a new stake in Under Armour in the second quarter worth $72,000. CWM LLC raised its stake in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock valued at $73,000 after purchasing an additional 1,409 shares in the last quarter. Finally, Koss Olinger Consulting LLC bought a new position in Under Armour during the second quarter valued at $79,000. 34.58% of the stock is owned by institutional investors.

Under Armour Company Profile

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.